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18 November, 2011 | by BoF Team

BoF Daily Digest | Pragmatic maverick, Urban Outfitters’ lost confidence, Discounting at Gap, Nordstrom eyes Canada, Camilla Skovgaard

Thomas Tait | Source: Mother Blog

A London Design Maverick as a Pragmatist (On the Runway)
“Thomas Tait was in New York last week for London Showrooms, a presentation of young British fashion talent. Actually, Mr. Tait is Canadian, educated at a technical school in Montreal. In 2010, he completed the master’s program in women’s wear at Central Saint Martins in London, whereupon he joined that distinguished race known as the Young Fashion Designer.”

Urban Outfitters Losing Investors With Failing Fashions (Bloomberg)
“‘Bizarre’ and ‘lackluster’ fashions at its namesake stores may be why Urban, which also operates Anthropologie and Free People, is losing investors’ confidence, said Pamela Quintiliano, a New York-based analyst at Oppenheimer & Co. The shares have slid 27 percent this year, the biggest drop among U.S. specialty apparel retailers except for Aeropostale Inc.”

Gap bets on discounts to draw holiday shoppers (Reuters)
“Gap Inc said it plans to “compete aggressively” on discounts to attract shoppers in the crucial holiday season as the no. 1 U.S. clothes retailer continues to look for ways wrestle back market share from its peers. The retailer, which competes with more affordable and fashionable foreign players like Zara owner Inditex, Uniqlo parent Fast Retailing and Hennes & Mauritz , is trying to keep pace with fashion trends by revamping its stores and merchandise, but without much success so far.”

Nordstrom eyes Vancouver for expansion (Vancouver Sun)
“Nordstrom’s interest in its northern neighbour mirrors that of several major U.S. retailers lately… The big retail chains are looking for good opportunities and right now there aren’t a lot of good opportunities in the United States, so Canada is a natural place to look, and B.C. in particular because the economic performance here has been pretty good.”

There’s No Business Like Shoe Business (WSJ)
“Ms. Skovgaard’s designs are more rebellious than reserved, more dangerous than dainty, and since launching her eponymous collection in 2007, she has gained recognition across the fashion industry… In 2010, Ms. Skovgaard won accessory designer of the year at the Elle Style Awards, and most recently, she took the title of accessory designer of the year at the 2011 Dansk Fashion Awards, one of Denmark’s most prestigious industry prizes.”

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14 October, 2011 | by BoF Team

BoF Daily Digest | Re-imagining Gap, eBay’s X.commerce, Introducing Snapette, Prada and Schiaparelli at the Met, Sarah Curran

Gap store in China | Source: Juncture Mag

Gap plans store closures in US, while opening new locations in China (Washington Post)
“The struggling retailer, which runs the Gap, Old Navy and Banana Republic chains, detailed plans on Thursday to close 189 locations, or 21 percent of its namesake Gap stores in the U.S., by the end of 2013. At the same time, the largest U.S. clothing chain said it plans to triple the number of Gap stores in China from about 15 by the end of the year to roughly 45 by the end of next year.”

eBay’s New Retail Platform Is Mostly Free, So What’s the Catch? (All Things Digital)
“The platform, called X.commerce, was unveiled yesterday at the company’s developer conference in San Francisco and is designed to help any size retailer, ranging from family-owned stores to Toys “R” Us, keep up to date as shopping goes online and mobile.”

Female Founders Of Snapette Not Your Typical Geek Entrepreneurs (Forbes)
“The founders of Snapette are not your prototypical start-up entrepreneurs. At least in the minds of some Silicon Valley venture capitalists… While there are many shopping and style websites, Snapette is different because it focuses on actual products in the real world connected to location.”

Prada and Schiaparelli at the Met (On the Runway)
“Elsa Schiaparelli may share a birthday with Karl Lagerfeld (Sept. 10), but Miuccia Prada is unquestionably her sister in soul. Putting these two nimble minds together makes sense, and not simply because both are educated Italian women who enjoy a good fashion joke. The Metropolitan Museum of Art announced that the spring 2012 exhibit at the Costume Institute will be ‘Elsa Schiaparelli and Miuccia Prada: On Fashion.’ It will open May 10 and run through Aug. 19, with the gala on May 7.”

The woman who built a wardrobe with doors all over the world (Guardian)
“While the British high street struggles in the face of the economic downturn, My-wardrobe saw 68% sales growth in the first half of this year. Sales doubled in the 12 months to May after Curran introduced more upmarket brands such as Missoni and Phillip Lim. More than 900,000 shoppers visit the site each month to view collections from 180 designers, spending an average of £260.”

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19 August, 2011 | by BoF Team

BoF Daily Digest | Ongoing challenges at Gap, Zara in Brazil investigation, Cautious retailers, Big store strategy, Louboutin fights on

Gap cautious on full-year sales outlook (Reuters)
“Gap Inc Chief Executive Glenn Murphy said on Thursday that consumer sentiment may deteriorate in the second half of 2011 and was cautious about future sales growth at the apparel retailer… Gap has lost about a quarter of its market value this year as investors questioned the company’s ability to grow sales after several quarters of losing market share.”

Zara accused in Brazil sweatshop inquiry (Guardian)
“Retail fashion chain Zara is under investigation by Brazil’s ministry of labour after a contractor in São Paulo was found to be using employees in sweatshop conditions to make garments for the Spanish company… Zara is a family business founded in 1975 in La Coruña, north-west Spain by Amancio Ortega… According to Forbes magazine, half of production remains in Spain, with 26% per cent in Europe and the remainder spread around the world.”

Caution on Main Street: retailers fret ahead of key sales season (Reuters)
“Caution is the watchword for apparel executives heading into the all-important holiday season and their lack of confidence is scaring investors. Wary of talk of a double-dip recession, consumers are waiting on bargains, leaving retailers in the dark over how sales trends will turn out in the key year-end shopping season.”

Louis Vuitton’s “Big Store Strategy” Spreads (Jing Daily)
“Luxury giant Louis Vuitton has spent the last several years in China ramping up its inland expansion and rethinking its strategy in top-tier cities… A new LV store might not seem like big news, considering the brand is expanding perhaps more quickly than any other luxury brand in China, but in second- and third-tier markets, the arrival of Louis Vuitton means they’ve reached a certain level.”

Fashion; red in tooth and claw? (FT)
“The story so far: in 2008 Louboutin trademarked a lacquered red sole on footwear ( Pantone No. 18-1663 TP, or “Chinese Red,” FYI). In April this year Louboutin filed a trademark infringement lawsuit in New York saying that YSL had breached its copyright by using the red sole… Potentially worse for Christian Louboutin, who has another hearing in the case scheduled this Friday, the judge also implied that his 2008 trademark could be cancelled.”

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2 August, 2011 | by BoF Team

BoF Daily Digest | Hong Kong attraction, Gap’s L.A. story, American luxury defined, St. John’s new CEO, Meeting Formichetti

Canton Road, Hong Kong | Source: Asian Central

Hong Kong is firmly at the heart of China’s new cultural revolution (Guardian)
“The richer China has become, the more they visit Hong Kong to shop. ‘Luxury brands are forecasting year-on-year growth of 35%,’ says Helen Willerton, former managing director of Chloé Asia Pacific. ‘Mainlanders fly in for a few days, save money on accommodation by staying in three-star hotels, and spend on high-end retail – watches, jewellery and fashion.’”

Gap weaves fabric of L.A. into 1969 jeans campaign (LA Times)
“To bring its 1969 Premium Jeans line closer to the heart of the designer denim industry, the apparel giant last year opened a creative design office in a gritty section of downtown L.A. near the fashion district. Now Gap is putting its L.A. vibe at the core of a global marketing campaign.”

European vs American luxury: is there a difference? (FT)
“Proenza often seems more design-led than many of its NY fashion week peers… which are more rooted in the American sports wear tradition of combining super-luxurious materials with super-uncomplicated shapes. This is one of the reasons VFG bought them it the first place; its work does not, in fact, scream ‘American!’ It sort of whispers ‘cool chic.’”

Chloé’s Former Chairman Is Taking Over at St. John (The Cut)
“Ralph Toledano, who was the CEO and chairman of Chloé for eleven years before stepping down last August, is said to be the new chairman of St. John, reports WWD.”

Milk Meets Nicola Formichetti (Milk Blog)
“The digital approach is very important, it’s the future. But we should not forget about our reality, the physical world. We always need to embrace new things, but never be dependent on them.”

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4 July, 2011 | by BoF Team

BoF Daily Digest | Chloë Sevigny opens up, Chalayan’s moment, Gap on track, Kate Moss marries in Galliano dress, Where’s the fun?

Chloë Sevigny for Opening Ceremony | Source: Opening Ceremony

The ‘It’ Girl, Now a Woman (NY Times)
“No profile of Ms. Sevigny over the years has failed to note either her distinctive laugh or the impression that she is little bit coy… It also helps explain why her fashion designs, now sold in 100 stores around the world, have been so successful. They hold the promise of Ms. Sevigny: looking cool without looking like you are trying.”

Hussein Chalayan: The man of the moment (Independent)
This looks set to be quite a month for the fashion designer Hussein Chalayan, who has long remained under the radar… Tomorrow at Les Arts Decoratifs in Paris, the largest retrospective of his work to date opens to the public.”

Gap Inc. on the Right Track (Retail Traffic)
“After a few tough years, Gap Inc. may have found the right turnaround strategy… To that end, last year the Gap launched its Web site in 90 new countries and opened its first locations in China and Italy—some of which have already become among the highest-performing locations in the firm’s portfolio.”

Kate Moss’ Controversial Gown (The Daily Beast)
“Some might think that in wearing the dress, Moss was making a symbolic statement about Galliano’s skill as a designer, his importance in the fashion industry, or even the justice—or injustice—of his being fired.”

Where Did the Fun Go? (On the Runway)
I think in general what’s missing from the Paris and Milan spring shows is a sense of fun… The lack of pleasure is only one casualty of a system that has become absurdly pressure-filled. But its absence is evident in the collections — and what do consumers really want from fashion but something fun to wear?”

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