Richemont disappoints, UK retail plunges, J Crew beats Street, Zara’s Indian move, DIY design blogs

Chloè Spring-Summer 2010 | Source: Chloè

Richemont downbeat over sector prospects (FT) “Richemont’s restraint, along with lower than expected net profits, disappointed some analysts. Sales fell by 4 per cent to €5.18bn ($6.4bn), while net profits from continuing operations dropped 18 per cent to €603m. The closely watched margin fell to 16 per cent from 17.9 per cent.” Falling retail sales dampen recovery hopes (Times) “Retail sales plunged to a

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BoF Daily Digest |Inditex earnings climb 17%, Guess Q4 profit leaps, Lagerfeld for Hogan, Retail Lessons, All you need is luxe

Mandarina Duck | Source Mandarina Duck

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

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China and luxury cachet, Rugby’s online runway, Inditex push in Asia, Mulberry magic, Bonus tax blues?

Rugby's Make Your Own Fashion Show | Source: Rugby

European Luxury Goods Risk Cachet With China Focus (Bloomberg) “European luxury brands are risking their cachet and alienating Western shoppers by changing designs to appeal to the Chinese market, according to Tyler Brûlé , the London-based design consultant and editor of Monocle magazine.” Will Fashion’s Biggest Names Kiss the Runway Goodbye? (Time) “On Dec. 11, Rugby, Ralph Lauren’s collegiate brand,

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Nick Knight speaks, Inditex’s online push, Shared origins of Calvin and Ralph, Star style power fades, LV in Beirut

Nick Knight on location

Nick Knight on fashion, photographs and failings (Times) Luke Leitch interviews Nick Knight: “I have friends in the City who are amazed by how the fashion business is conducted. It’s controlled by a few people, and not particularly well.” Inditex 1H Pft Beats Views; Plans Online Push (WSJ) “Inditex SA, Europe’s top fashion retailer by revenue, Wednesday said it plans a major push online for its flagship Zara-brand, as it reported

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Inditex Q1 loss, Net-a-Porter profits treble, Bulgari issues bond, China may escape, Ferraris to Versace

Zara S/S 09 ad campaign, courtesy of Zara

Inditex 1Q Net Pft Down 16%; May Trading Resilient (WSJ) “Inditex SA (ITX.MC), Europe’s largest fashion retailer by revenue, Wednesday said its first quarter net profit fell 16 percent on a slump in consumer spending in Europe, but its stock rallied after it reported resilient clothing sales in May and the first week of June.” Net-a-Porter demonstrates strength of business model as profits treble (FT)

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Sustainability in vogue, Ted Baker’s profits drop, Haute not out, Inditex sales up, Stella on ecology

Ted Baker advertising campaign | Source: Ted Baker

Sustainability is back in fashion (IHT) As the industry redefines the meaning of luxury, “Sustainability” and “Responsibility” have become the new buzz words. Ted Baker profits fall (Drapers) Ted Baker saw pre-tax profit fall 19.5% to £17.8 million for the 53 weeks ended January 31. In Fashion, Some Like It Haute (WSJ) “Economic crisis doesn’t mean the end of luxury. But while many brands have

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