In four years, Paula Cademartori has built a modest but respectable accessories business set to generate $2.8 million in 2014 on compact, colourful handbags.
With Stuart Weitzman on the auction block, the designer reveals how he built a footwear brand that generates $300 million in annual revenue with a blend of refined aesthetics, wearability, affordable pricing and vertically integrated manufacturing.
Olivia Kim, Nordstrom’s director of creative projects, says the Internet has made the world more accessible than ever, but you’ve got to “get out there.” Discovering something online isn’t the same as touching fabric or seeing a collection hanging on a rail.
Worldwide luxury-goods sales could increase this year at the slowest pace since 2009 as spending falls for the first time in China and turmoil in Hong Kong and Russia curbs tourist consumption.
Burberry Group Plc, the U.K. maker of $995 trench coats, reported first-half sales sales that met analysts’ estimates as online marketing initiatives helped cushion slowing Chinese and Russian demand.