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?
From Australia’s wild west coast to the Canadian hinterland, new wealth from oil and gas is helping to turn remote cities into fashion-hungry hubs.
Sneakers and other menswear-inspired footwear are having a major moment. Does this mean women are hanging up their heels?
Victoria’s Secret Channels Mad Men Into Hottest Limited (BusinessWeek) “Limited Brands Inc. Victoria’s Secret is thriving using a marketing strategy that seems more Mad Men-era than from the age of Twitter. While other big brand retailers try to hone their social- media skills, the intimate-apparel chain is creating excitement with a network TV holiday fashion show featuring young women wearing Swarovski crystal-decorated
Tamara Mellon’s Next Step (NY Times) “Last November, when Tamara Mellon suddenly left Jimmy Choo, the shoe company she helped build into a global juggernaut, taking with her a reported payout of roughly $135 million, she did so without much explanation. The only thing close to an official statement was a message, sent out to her roughly 12,000 followers on Twitter, thanking them for their support and signing off with,
Mickey Drexler: King of Casual Chic (WSJ) “With a sobriquet like “Merchant Prince,” you might expect J.Crew Chief Executive and Chairman Millard (Mickey) Drexler to have a biography that extends to at least four pages. Instead, it is precisely four short paragraphs.” East European fashion labels aim for the world stage (Reuters) “Around emerging Europe, where garment assembly for Western brands has
Anatomy of a maison (AFR) “In the Medieval age, the sight of a towering spire signalled a city of splendour. Today, it is cathedrals of retailing that indicate metropolitan status in the global pecking order. The December 3 opening, not of another Louis Vuitton store – there are already 460 of those worldwide – but of a much grander Louis Vuitton ‘Maison’ (of which there are just 13) proves Sydney must be a very smart town
For Holt’s, luxury regains its proper place (Globe and Mail) “The full-price model is part of Mr. Derbyshire’s five-year business plan to strengthen Holt’s results following a period of stagnation caused by the economic slump… His efforts seem to be paying off: Privately held Holt’s enjoyed a record profit in 2010 – double that of its next best year, 2006.” Tommy Hilfiger Changes his Stripes (WSJ)
Asian-Americans Climb Fashion Industry Ladder (NY Times) “It was the first time that all three prizes given by the [CFDA] were awarded to designers who are Asian-American. That same night, the fashion council announced three scholarships, each for $25,000, won by student designers of Asian heritage.” Fashion brands are turning to the lucrative homewares market (Independent) “The trendy Swedish denim company Acne
Jimmy Choo takes steps to possible IPO (FT) "The private equity owner of Jimmy Choo plans to appoint investment banks to advise on strategic options for the maker of stilettos for the stars, including a possible initial public offering valuing the company at about £500m." Affluent, Generous Young Women Lead Recovery (Marketing Daily) "When it comes to power-shopping our way toward economic recovery, a new report from American Express says well-heeled young women are leading the charge." Should luxury brands use twitter? (Luxury Society) "Luxury is an intricate web of emotions... can it be captured in 140 characters (and that too with a shortened link of some sort if the company is trying to drive some traffic to a specific…
Changes at the top for Holts (Globe and Mail) “Upscale fashion retailer Holt Renfrew & Co. has replaced its president Caryn Lerner with company insider Mark Derbyshire, making the leadership change just as it is gearing up for a more prosperous economic environment.” Neiman Marcus key sales figure climbs in December (Business Week) “Luxury retailer Neiman Marcus Inc. said Thursday that sales at its namesake
Holt Renfrew owner rumoured to be eyeing Barneys New York (National Post) “Barneys, an 86-year-old luxury retailer which has famously catered to a broad and often eclectic range of needs of high-end consumers, would fit well within Mr. Weston’s portfolio and extend his buying power for his other luxury goods chains, including Holts, Selfridges in Britain and Brown Thomas in Ireland, analysts say.” When cheap is