In the fight for consumer dollars, department stores have lost significant ground to monobrand stores, specialty retailers and e-commerce players. Can they regain their relevance?
Fashion retailers are increasingly integrating slick interactive technology into their physical flagships. But is all this in-store technology actually making the tills ring or merely providing opportunities for short-term PR?
As the last of the main four fashion weeks comes to a close, BoF turns its attention to Golden Week, a Chinese national holiday, currently in full swing, that has quickly become one of the most lucrative weeks of the year for European luxury retailers.
LONDON, United Kingdom — Anne Long hasn’t set foot inside Harrods in years, and the self-proclaimed shopaholic from west London doesn’t miss it at all.
LONDON, United Kingdom — The days of Americans being the biggest overseas shoppers at London’s Harrods store are over. While seven years ago U.S. visitors were the top foreign spenders at the purveyor of luxury fashions and specialty teas, they are now outnumbered by wealthy customers from China and the Middle East, according to Managing Director Michael Ward.
BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
Last month, Harrods and Dior celebrated sixty years of joint history with a mega-sized promotion of unprecedented scale. Now that the dust has settled, BoF takes a closer look at the results of the retail extravaganza.
LONDON, United Kingdom — Later this month, Luxury Briefing will hold its 14th Luxury Briefing Conference, an annual gathering of the industry’s great and good in London. Called Future Luxe, this year’s conference will explore the luxury industry of the future and incorporate a new format designed to foster more networking and interaction amongst the attendees. The speakers — including writer Dana Thomas, Soho House CEO
Liberty’s new owner sets out plans for growth (Guardian) “Liberty’s new private equity owner BlueGem Capital, formed in 2006 by a group of former Merrill Lynch bankers… set out its plans for the department store group, which it described as ‘a national treasure’.” Harrods Create Own-Brand Fashion to Revive Sales (Bloomberg) “We have invested in all categories as we saw a white space
TPG agrees 300 mln stg Republic fashion deal (Reuters) “U.S. buyout firm TPG [TPG.UL] is to buy British fashion retailer Republic in a deal worth about 300 million pounds ($445 million) from rival private equity house Change Capital Partners.” Zegna at 100: From the Alps to the World (IHT) “Ermenegildo Zegna — the company that celebrated its centennial Monday during Milan’s menswear week…is the incarnation
Harrods’ new owners announce upgrade plans (Telegraph) “Qatar Holding is expected to back an expansion programme into new areas including China. Harrods could become a global franchise as new owner… announces plans to ‘upgrade’ the luxury retailer.” BCBG opens in London (Elle.com) “BCBG Max Azria is the latest U.S. label to open its doors in the UK. Following October’s launch of
Flower dressing: why Erdem is a winner (Times) “Meet Erdem, candidate for the title of World’s Most Modest Designer — no, really — and, I can reveal today, winner of the first British Fashion Council andVogue Designer Fund… In the end, we decided that Erdem had it all: creativity, the potential for longevity and a well-thought-out strategy.” The rise of Chinese luxury brands (CNN) “Mainland Chinese tourists