The Shoe Must Go On
“Owning a pair of Scheers involves more than just a casual afternoon visit to the store. Customers must come to Vienna for several fittings and consultations for their first pair, which take six months to make.”
19 March, 2013
Lululemon Falls After Lowering Sales Forecast
“Lululemon Athletica Inc. fell after it said a shortage of a women’s pants line will have a ‘significant’ effect on financial results and will mean its first-quarter revenue will be lower than forecast.”
Designers at Japan Fashion Week Target Growing Asian Market
“From a phoenix-themed collection by a Japanese designer who has clothed Lady Gaga to touches of traditional Mongolian decorations, designers showing at Japan Fashion Week set their sights firmly on Asia and its huge market.”
After the Tsunami, a Surprising Growth in Jewelry Sales
“A recent report by Yano Research Institute, a market survey firm, said sales of jewelry last year rose 1.8 percent to ¥911 billion. It predicted that a mild recovery would bring revenue back to ¥1 trillion by 2015.”
Anna Wintour Chats About Her New Role
“Anna Wintour’s newly expanded role at Condé Nast has gotten initial approval from insiders, who read it as a sign that after years of belt-tightening the company is trying to get its groove back.”
Richemont Falls Most in Two Months After $569 Million Stake Sale
“Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in almost two months in Zurich trading after a shareholder sold about 7 million shares for 539 million Swiss francs ($569 million). The shares declined as much as 3.1 percent to 77 Swiss francs, the biggest intraday decline since January 21.”
