Inditex Q1 loss, Net-a-Porter profits treble, Bulgari issues bond, China may escape, Ferraris to Versace

Zara S/S 09 ad campaign, courtesy of Zara

Inditex 1Q Net Pft Down 16%; May Trading Resilient (WSJ) “Inditex SA (ITX.MC), Europe’s largest fashion retailer by revenue, Wednesday said its first quarter net profit fell 16 percent on a slump in consumer spending in Europe, but its stock rallied after it reported resilient clothing sales in May and the first week of June.” Net-a-Porter demonstrates strength of business model as profits treble (FT)

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Bulgari sees gain, Fashion copycats, Selfridges gets personal, Phillip Lim optimistic, The story of Gisele

Bulgari S/S 09 ad campaign, courtesy of Bulgari

Bulgari sees improvement in April after Q1 loss (Reuters) “Italy’s Bulgari posted improved sales in its own stores in April after a first-quarter net loss, hurt by the financial crisis sapping demand for luxury jewellery, watches and perfumes.” Fashion icon pays up in copycat spat (Toronto Star) “A struggling Toronto fashion label is getting an undisclosed financial settlement from fashion icon Diane von

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Rachel Roy at Macy’s, Bulgari’s Q1 loss, Fashion sales rise, Prepping for Vionnet

Rachel Roy F/W 09, courtesy of Refinery29

Jones to sell exclusive Rachel Roy line at Macy’s (WSJ) “Jones Apparel Group Inc., which has a 50 percent stake in designer Rachel Roy, said it’s launching a contemporary line called Rachel Rachel Roy to be sold exclusively at Macy’s Inc.” Bulgari CEO Sees First Loss Since 1999, Then Rebound (Bloomberg) “Bulgari SpA Chief Executive Officer Francesco Trapani said he expects the Italian luxury

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McQueen ruffles feathers, BFC shuffle, PR for Wal-Mart, Bulgari profits fall, Price of luxury

Alexander McQueen F/W 09, courtesy of Coutorture

McQueen Leaves Fashion in Ruins (New York Times) “With a runway of broken mirrors surrounding a garbage heap made of props from his own past collections, Mr. McQueen created a stage to symbolize the sudden crash of luxury exuberance.” Hilary Riva is to step down as chief executive of the British Fashion Council (Drapers) Riva to shift roles, “as part of a management restructure initiated by chairman Harold

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Luxury losing edge, Boucheron in NY, Online shopping, Conscious consumption

Luxe is losing its edge (International Herald Tribune) Luxury goods companies such as Bulgari are employing cost cutting methods that are modifying "their traditional focus on glamour and glitter." Video: Boucheron Attempts to Crack New York’s Luxury Market (Wall Street Journal) At a time when luxury goods companies are cutting back on spending, Boucheron plans to open a private boutique in New York. Retailer's prepare for biggest online shopping day (Drapers) Today is the biggest online shopping day in the UK, and shoppers are expected to spend £320 million. Flaunting Days Are Over as Consumers Cut Back (WWD) According to Faith Popcorn, "conspicuous consumption is over and conscious consumption is starting." Bulgari party in Paris, photo courtesy of the International…

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Sales rise at Hermes, US same store sales plummet, Thé Vert scent, Cashing in Obama’s dress, Brands & Bollywood

Hermes Q3 Sales Rise 4 Percent (WWD) Though Hermes Q3 sales rose, the French luxury brand sees a tough road ahead US Stores reporting double-digit sales declines (IHT) Neiman Marcus reported that same-store sales were down 27.6 percent in October. Scent Notes | Eau Parfumée au Thé Vert by Bulgari (NY Times) The New York Times traces the history of Eau Parfumée au Thé Vert, Bulgari's wildy successful scent. Cashing in on The Sasha Obama Connection (WSJ) Gerson & Gerson plans to cash in on the dress Sasha Obama wore on election night. Media brands look to Bollywood movies to promote their product (Live Mint) In India, the upcoming movie "Dostana could be the beginning of a trend where brands…

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