Optimistic Chanel, Jewelry loses luster, Chinese slowdown, Kohl’s

Coco Futures (The Economist) Maureen Chiquet of Chanel remains optimistic even as Bain & Company predicts that the luxury industry will contract by 3-7% in 2009. "Even in tough times," she says "people want to see beautiful and inspirational things." Sales of high-end jewelry lose their lustre (AP) According to the Associated Press, "demand for jewelry has waned as consumers put their income toward the high cost of food and fuel." Slowdown threatens stability, says China PM (FT) China's PM, Wen Jiabao, "warned that high growth was needed to maintain social stabilit." Kohl’s on the Holiday Offensive; Campaign, Major Price-Cuts Kick Off This Week (WSJ) As a way to "win over budget-conscious shoppers," Kohl's is one of the first retailers…

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Squa.re | Chanel’s pioneering video

LONDON, United Kingdom - Last night, I caught up for dinner with Olivier Bassil, one of the co-founders behind the exclusive video-sharing site Squa.re. I have known the team behind Squa.re from its early days, and like all new Internet businesses, I have seen it go through its fair share of fits and starts. But, its core video proposition continues to hold promise and Olivier and his passionate team, which includes former Warner Music executive Paul-Rene Albertini as CEO and a key mentor, have been tweaking their original model and will unveil a re-design of the site in the early Autumn which will improve the user experience, introduce a directory feature which catalogs all the content, and establish a VIP area,…

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Rodeo and Robertson: Build it, and they will come

After having checked out some of the more up-and-coming areas of L.A, it was time to visit the king and queen of luxury and fashion here: Rodeo Drive and Robertson Boulevard. The most remarkable thing about both these streets is that the stores really are an extension of the brands themselves. In Paris, London and even New York, most brands are constrained by existing building facades and building codes which they must work around as they design their stores. In Los Angeles, it appears that the brands have complete freedom in design, and therefore, if done well, every aspect from the sparkling exteriors, the natural lighting, the size of logos outside the building, and even the dramatic entrances off the…

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