Guess Inc. on Wednesday reported fiscal third-quarter net income of $20.8 million. The results topped Wall Street expectations.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Marie Claire’s innovative interactive magazine covers are breaking new ground in advertising real estate.
A New York-based startup aims to drive sales by integrating user-generated photos posted to Instagram, Twitter and Facebook directly into e-commerce sites.
NEW YORK, United States — Guess Inc reported second-quarter results above estimates due to better-than-expected sales in North America, sending its shares up 18 percent in after market trading.
MUMBAI, India — India is the next great frontier for global retailers, but a daunting array of permits force retailers to pay so-called "speed money" through middlemen or local partners to set up shop.
Gucci wins $4.66 million, ban on Guess knock-offs (Reuters) “A U.S. judge said Gucci may recover just $4.66 million in its lawsuit accusing apparel retailer Guess Inc of copying its trademarked designs, a small fraction of the more than $120 million sought by the Italian luxury goods company.” Hermès tells a playful tale of leather (IHT) “Every invention by Hermès, the French leather goods company, seems to have a
Gucci Accuses Guess of Massive Design ‘Knock Off’ Scheme (Bloomberg) “Gucci, a unit of Paris-based, sued in 2009 claiming that Los Angeles-based Guess was selling items in stores and online with logos that are ‘studied imitations of the Gucci trademarks.’ The trademarks include a green and red stripe design, a square G, the designer’s name in flowing script and a diamond pattern with repeating interlocking G’s,
Youth Takes Many Paths (NY Times) “Laura and Kate Mulleavy have had a pretty weird journey since they left their home in Pasadena, Calif., to bring their Rodarte label to New York. It has been a kind of road trip, a theme they have actually sounded in a few collections And, because they haven’t really told us where they are going (maybe they don’t even know), things have a way of getting out of control.” Luxury demand
Designers Start to See in Triplicate (NY Times) “With something like 250 runway shows and parties crammed into the New York Fashion Week that begins Sept. 8, a lot of designers are saying that there must be a better way to show clothes, or at least some way to grab people’s attention for more than a second or two. The latest thing, if a handful of them are correct, would be fashion shows in 3-D.” Guess joins the queue
‘Made in China’ Chic is making Chinese Proud (Red Luxury) “‘The world has used China as a cheap manufacturing land,’ said Shu Shu Chen, communications director for the Hermes Chinese fashion line Shang Xia. ‘This has been the defining thing for the past 10, 20, 30 years. The time has come to move on from that idea.’… While the Far East has traditionally been associated with cheap labor and shoddy production, its reputation is
J.Crew agrees to $3bn takeover (FT) “J.Crew, the US retailer with a preppy style, has agreed to be acquired by TPG Capital and Leonard Green & Partners in a $3bn deal… The two funds have agreed to pay $43.50 per share in cash for J Crew.” Divergent paths for US consumers as holidays near (AFP) “Americans appear to be shaking off the gloom heading into the holiday season with recession no longer hanging
Inditex profit climbs 17 percent as sales jump at start of fiscal year (Market Watch) “Inditex posted a 17% rise in fourth-quarter profit on a 13% rise in revenue as the Spanish retailer saw strong growth in international markets and opened its fiscal year with rapid sales growth.” Guess Q4 Profit Jumps 81per cent (RTT News) “International fashion house Guess? Inc. said Wednesday its profit for the fourth quarter