Carlos Slim, following the lead of fellow billionaire Amancio Ortega, is freshening up his Sears outlets in Mexico with an of-the-moment sense of style in a bid to boost profits.
STOCKHOLM, Sweden —Hennes & Mauritz, the world's second-biggest fashion retailer, believes there is no conflict between its mission to sell more budget clothes and a drive to improve the environment and working conditions at its suppliers.
In Japan, the arrival of powerful fashion retailers from Asia has been a theme this Spring. Korean retailer E-Land began opening stores in March, but last month saw the unveiling of the first stores for Charles & Keith, the Singapore retailer which does for shoes and accessories what H&M and Zara do for apparel. Japanese market intelligence provider JapanConsuming investigates.
Mobile, Tablets Lead Holiday Charge (WWD) “Holiday shopping has given new meaning to the term ‘click and order.’ In addition to a rise in the number of consumers and the average amount spent per buyer… Overall increases in online spending were fueled by other factors such as a surge in mobile and tablet commerce transactions, luxury brands that typically don’t discount, tiered sale offerings that offer
[vimeo]http://vimeo.com/7037364[/vimeo] Pushing the Boundaries of Black Style (IHT) “As opposed to the fascistically frozen street-style snaps of The Sartorialist and others, these pictures are styled and plotted fictions but also affecting ones, depicting a pair of young black men taking ownership not just of the body and what goes on it, but also of the environment it moves in… Already they have wide reach: Street
The gospel according to Forever 21 (Guardian) “This is the American fashion chain run as a family business, the chain that, thanks to its “pile very high, sell very cheap” operation, has been a phenomenal success, with profits (in 2008) of $135m despite the fact that nothing it sells costs more than $65.” Mulberry Tops Fashion Retailers on Sales Boom (Bloomberg) “The 40-year-old British luxury-handbag
Northern Discretion: Thomas Persson of Acne Paper (Interview) “When Acne Paper was founded in 2004 as a literary prong of the multi-faceted Swedish denim empire, it faced a challenge: having to prove its creative independence, and its worthiness beyond being a fancy bit of advertising.” Louis Vuitton, Burberry Win Millions in Landmark Canadian Counterfeit Suit (Forbes) “Louis Vuitton and Burberry have won significant damages in
In Paris, Designers Hit the Redial Button (NY Times) “Nicolas Ghesquiere was showing Balenciaga at the Crillon, Balmain was at the Grand, and an American, Zac Posen, was making his debut here, in the very place where Yves Saint Laurent used to show. So why did the day feel like a broken record?” Forever 21 to launch in the UK (Telegraph) “Forever 21, America’s answer to Primark and New Look, will be opening
Restitching a Firm That Nearly Unraveled (WSJ) “J.W. Hulme Co., a Minnesota luggage maker that almost came unraveled during the credit crisis, is on the mend. A private-equity firm provided the 105-year-old company with a cash infusion of $550,000… [the brand] will be carried in more than 30 Barneys New York stores around the country by mid-August.” For Shoppers Who Never Drop (WSJ) “‘But New York
And The ANDAM Winner Is… (Style.com) “Turkish designer Hakaan Yildirim is the newest winner of ANDAM’s €220,000 prize… It was only last February, before his first London show, that English fashion scribes were wondering in print: ‘Who is Hakaan?’” Erdem Moralioglu: A man for all seasons (Independent) “His printing technique involves the designer playing around creatively on his computer for
Japan’s economy shrinks 3.3% (IHT) The world’s second largest economy is experiencing its worst downturn in 35 years. H&M sales boosted by new openings (Drapers) Driven by new store openings, H&M’s sales rose 9% in January. Sombre start to NYFW (Drapers) “New York Fashion Week got off to a somewhat sombre start on Friday, according to reports from the US, with collection sizes reduced by up to