Neimans in the black, Inditex margin spike, India’s talent pinch, Gucci goes green, Sally Singer moves to T

All Saints Summer 2010 | Source: All Saints

Neiman gains from luxe spending but Euro worries persist (Reuters) “The operator of Neiman Marcus and Bergdorf Goodman stores said it is monitoring Europe’s debt crisis and has yet to see vendors there pass on gains from a weak euro. Neiman also noted that a weak euro could negatively impact travel to New York.” Inditex Beats Views As 1Q Sales, Margins Jump (WSJ) “Spain’s Inditex, the fast-growing

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Alber on fashion’s future, Fashion Films abound, Gucci Couture, Coach and Target settle suit, Sex and the Middle East

Alber Elbaz | Source: Alive not dead

The Future Of Fashion, Part Six: Alber Elbaz (Style.com) “The word poetic invariably attaches itself to descriptions of the clothes Elbaz designs for Lanvin, but you get the feeling that behind the famous floppy bow tie, there is a hard-won sense of resolve. During our conversation… he spoke frankly about the problems the industry faces.” Fashion Films Become the Hottest New Accessories (IHT) “‘Catwalk

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Hedi Slimane on fashion’s future, HoF eyes expansion, Blogger power evolves, Herrera goes global, Gucci heritage

Burberry Autumn/Winter 2010 | Source: Burberry

The Future Of Fashion, Part Three: Hedi Slimane (Style.com) “[Slimane] has been both an insider (as, among other things, the highly influential designer of Dior Homme from 2000 to 2007) and an outsider… Here, he discusses today’s ‘costly and overwhelming fashion avalanche’.” House of Fraser eyes Middle East expansion (FT) “House of Fraser is set to announce plans to expand into the Middle East,

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PPR to focus on fashion, Elusive e-commerce, Gucci Indian JV stalls, Ralph in Greenwich, Personalised luxury

Tiffany's Online Shop | Source: Tiffany & Co.

PPR to sell lower-margin retail units (FT) “PPR, the French retail conglomerate headed by billionaire François-Henri Pinault, plans to dispose of retail businesses that generate 70 per cent of group sales to focus on clothing and accessories brands within its luxury Gucci Group and Puma, the sports wear company.” Online Luxury Retail Remains Elusive (Business Week) “There are still some brands that sell absolutely

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BoF Twitter Poll | Gucci Eyeweb versus Burberry’s Art of the Trench

BoF Twitter Poll Gucci Eyeweb versus Burberry Art of the Trench | Source: BoF

LONDON, United Kingdom — In recent weeks, two major luxury fashion brands have taken the plunge and launched social networks built around their brands and products. It’s not a new idea by any means, and indeed I wrote a piece on this very idea for the Financial Times almost two years ago. But, that doesn’t make it any less notable because, as far as I can tell, it is the first time top fashion brands have used social

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Gucci downplays logos, FTC targets bloggers, The new American shopper, Gap in China, EU retail regulations

Gucci Autumn/Winter 09 | Source: Gucci

For the Downturn, Gucci Downplays the Logos (Business Week) “The fashion house is going both upscale and down, but its signature Gs are relegated to the back room.” New F.T.C. Rules Have Bloggers and Twitterers Mulling (NY Times) “Beginning Dec. 1, bloggers, Twitterers and many others who write online product reviews must disclose the receipt of free merchandise or payment for the items they write about.”

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Polo profits drop, Chinese luxury grows, Shoppers seek the unique, BFC joins trade organisation, Gucci trademark

Ralph Lauren

Polo Ralph Lauren sales and profits fall (Drapers) “Polo Ralph Lauren has notched up first quarter sales of $1bn (£588.6m), an 8 percent fall on the same period last year.” Luxury Brands Gain Momentum in China Despite the Slowdown (Seeking Alpha) “Even as luxury goods consumption has fallen worldwide, China’s appetite for high-end retail has shown a strong momentum.” Shoppers see a value in unique

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Rodarte’s Target, Cavalli-Clessidra deal collapses, Gucci’s Pop-Up, Adidas profit plunges, Naomi Sims

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Rodarte’s Target (Vogue) “Rodarte will join the ranks of Erin Fetherston, Jovovich-Hawk, Rogan and Jonathan Saunders (among others), as the latest designers to collaborate with American retailer Target as part of its Go International series.” Clessidra Pulls Out Of Deal With Cavalli (WSJ) “Italian private equity fund Clessidra SGR SpA has pulled out of a deal with fashion house Roberto Cavalli after

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Friday Column | Japanese Luxury Fatigue

Prada flagship store in Omotesando, Tokyo

LONDON, United Kingdom — The scariest news I have recently read about luxury was in Tuesday’s Financial Times. The Japanese, it seems, have stopped buying luxury goods. Luxury imports in Japan were down 10 percent and sales of LVMH in the country were down 18 percent in the first quarter. And no, it’s not just the recession. “This is not a blip. This is a long-term shift in the market,” Brian Salsberg, the

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Gucci’s CEO charts new direction, Barneys still CEO-less, Small luxury takes a hit, Samsonite’s lifeline

New Gucci store concept, courtesy of Gucci

Gucci Renews GG-Logo Purses Priced Below $3,000 Under New Chief (Bloomberg) As reported late last year on BoF, “Gucci’s new chief executive officer, Patrizio di Marco, said he’s fighting the recession by cutting production, making fewer styles to reduce costs, and bulking up the luxury label’s mid-priced range.” Lengthy Search for New CEO Dogs Barneys (WSJ) “Barneys has spent more than a year

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Future of Luxury, PPR declines, Sustainable retail, Mizrahi’s Liz launches, Coach profits drop

http://www.youtube.com/v/DJZO3Qs50X8&hl=en&fs=1"

The Future of Luxury in a Recession (Atelier) As companies like Coach, Gucci Group and LVMH report their results this week, this video from Atelier, a division of Leo Burnett, highlights some of the cataclysmic changes in consumer behaviour that will drive the luxury of the future. What do you think of their assertions? PPR Says Luxury Sales Remain ‘Sluggish’ (WSJ) “Mass retail and fashion group PPR SA posted a

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Gucci’s Q1, Project Runway moves, Lundgren’s rich compensation, Hermès sets up on the beach

Gucci S/S 09 Ad campaign, courtesy of Gucci

Gucci CEO sees satisfactory Q1-report (Reuters) “Fashion house Gucci has had a satisfactory trend in the first quarter.” ‘Project Runway’ Will Move to Lifetime (WSJ) “Nearly a year of litigation between General Electric Co.’s NBC Universal and Weinstein Co. over “Project Runway” ended Wednesday with an agreement that allows Weinstein to move its popular reality-TV show to Lifetime

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Murjani divests Gucci, Luxury succumbs to cycle, Choo’s schools, New home for NYFW, Macy’s cuts staff

Gucci spring / summer '09

Murjani to divest Gucci stores in India (Economic Times) In an effort to recoup investments he’s made in the luxury sector, Mohan Murjani plans to divest the operations of Gucci in India. Luxury goods succumb to the cycle (FT) Despite some views to the contrary, the luxury industry is proving to be prone to cyclical ups and downs. Malaysian shoe guru Jimmy Choo plans teaching academies (Yahoo) “Malaysian-born luxury

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