Reiss’ royal revival, Pringle knitting pretty, Ferragamo plans IPO, PVH beats forecast, Rutson’s Chinese secrets

Reiss Shola dress, worn by the Duchess of Cambridge | Source: Reiss

Kate Middleton: putting the regal into Reiss (Telegraph) “‘The Reiss dress was perfectly pitched… Britain has the best high street in the world. No one exemplifies the strength of that better than the Duchess of Cambridge.’” Knitting pretty (FT) “As well as giving Pringle a youthful burst of creativity, the Archive Project provides the brand with a reputation for supporting new talent…

…Continue Reading

Friday Column | Westfield London – Build It And They Will Come

LONDON, United Kingdom – I didn’t want to like the new $2.7 billion Westfield mall in London. I really didn’t. For one thing, I’m American. I’ve done my fair share of time in malls. For another, this mall happens to be pretty much in my backyard in London’s Shepherd’s Bush and I had been indoctrinated for months before the opening that it would be a tragedy for local residents. And then there’s the name. The Australian

…Continue Reading

Links of the week: Tom Ford, Fashion 2.0, Kate Moss for Top Shop and Chloe’s future

Top fashion business links for the week of 30 April, 2007: New York Times - No Store is a Hero to its ValetEither the New York Times really has it in for Tom Ford (perhaps he spurned and interview request or declined an editors request for a discount?) or there is a real issue with Tom Ford's new eponymous business. First, Cathy Horyn criticized Ford's new business for being too niche and too grand (after Ford had provided her with a private tour - you can't buy this woman's vote) and today, in its Critical Shopper feature, Horacio Silva pans the store for confusing "exclusionary for exclusive." Modabot.de - Brave New Internet World - How the Internet is changing the…

…Continue Reading

Reiss Rollout

Reiss, the London-based fashion retailer, is a on a rollout spree. Not only are they opening their fourth US Store in Los Angles on Robertson Boulevard (the first three are dotted around New York City), they are also opening a new location on Ledbury Rd in London's Notting Hill, which also happens to be my street. Reiss' positioning is unique in the market. They are occupying the less-and-less seen mid-priced space in between Luxury and High-Street fashion. Many companies that have previously occupied this space have either started going upscale (e.g. Diesel, which is now trying to position itself as a luxury brand with a new shop on London's Bond Street) or they are going closer to high-street (e.g. Benetton,…

…Continue Reading

Pressler Pushed Out

The Gap announced today that Paul Pressler has been pushed out of the organisation as it struggles to find ways to turn the business around. Part of the problems the company is facing is addressed in my previous post: "Mind the Gap?" I am not surprised by this move as public companies often try to make high-profile leadership changes to signal to the market that they have recognised a problem and are trying to fix it. Whether they actually manage to turn things around, remains to be seen. You can read more about it in today's WWD - their prognosis for the company's future is not terribly optimistic.

…Continue Reading

Mind the Gap?

Big fashion business news Stateside last week were the dismal sales results of Gap Inc, the venerable American high street retailer that also owns Old Navy and Banana Republic. December 2006 like-for-like sales were down 8% versus 2005, which in turn were down 9% versus 2004. In the same period, many other retailers saw an increase in sales versus last year. Of late, the Gap has been struggling to recapture the heady days of growth and market dominance it enjoyed in the late 1990's. So, what gives? How did the Gap lose its way? The arrival of European retailers like Zara, H&M and Mango has surely played a big part. These retailers, who quickly copy catwalk trends and produce them…

…Continue Reading