Tiffany shines again, Tony Blair and LVMH, Italy to exit crisis first, Shifting values of the wealthy, Chic clicks

Jean Schlumberger for Tiffany's | Source: Tiffany & Co.

Shine returns as Tiffany’s sales rise (FT) “Tiffany, the US jeweller, raised its profit outlook yesterday as strong holiday sales brought some shine back to an industry that cash-constrained consumers shunned during the worst of the recession.” Tony Blair could help LVMH’s forays into new markets (Reuters) “Tony Blair’s expected appointment as adviser to LVMH… could help it penetrate tough

…Continue Reading

Luxury reconditioning, iPhone apps abound, Topshop’s US success, Consumer confidence rises, Edun’s great hope

Even Luxe Buyers Expect Discounts (Adweek) “We examine some other aspects of the luxury-buyer mind-set, including attitudes toward discounting and brands’ use of the Internet, as well as the post-recession outlook.” The New Must-Have Accessory (WSJ) “Amid a recession that’s clobbering sales of designer apparel, growing numbers of designers are rushing to embrace mobile-device technology in hopes of

…Continue Reading

Luxury recovery, Americans boost spending, France aids artisans, Targeting Indian consumers, Global designs at Hermès

Hermès silk ties | Source: Hermès

Luxury goods industry on track for recovery (FT) “The luxury goods industry will return to growth next year while the decline in 2009 will be less severe than expected thanks to strong sales in Asia, especially China, according to a study published on Monday.” Wealthy U.S. Shoppers Boost Spending 29 percent, Survey Says (Bloomberg) “Spending in the U.S. on luxury goods and services spurted 29 percent in the third

…Continue Reading

McQueen 2.0, Hermès booms in China, Retail vacancies soar, Japanese dress down, Store inventories

Alexander McQueen S/S 10 | Source: SHOWstudio

Techno Revolution (New York Times) “The most dramatic revolution in 21st-century fashion took place this week under the sweeping eyes of two giant robots. As they rolled down the stage at the Alexander McQueen show, the machines cast their cameras in diverse directions to project images on to the ever-changing kaleidoscope of a backdrop.” Hermès Chief Thomas Says China Booming, U.S. Market Positive (Bloomberg)

…Continue Reading

Versace closes in Japan, Legal fashion, Parisians queue for Uniqlo, High street exploitation, Retail deflation

Versace A/W 09 ad campaign | Source: Versace

Versace to Close Japan Stores, Will Review Strategy (Bloomberg) “Gianni Versace SpA will close its Japanese stores and review its entire business strategy, as demand for luxury goods declines in the world’s second-largest economy.” Developing their fashion sense (Globe and Mail) “New York Fashion Week, a semi-annual sea of runways under tents in that city’s Bryant Park, is one of the last places you’d

…Continue Reading

Fashion’s family values, Céline’s new sensation, Jimmy Choo’s fragrance, Paper endures, Giles in Paris

Reiss A/W 09 | Source: Reiss

When a Bottom Line Isn’t Just About Profit (New York Times) “As the fashion industry struggles with a global economic downturn and a rapidly changing consumer landscape, qualities that are at the heart of family and owner/founder businesses, like a consistent vision and a long-term approach, seem to be helping those companies ride out the storm.” Fashion house Celine says 2009 year of transition (Reuters)

…Continue Reading

Italian slump, Valentino endures, Luxury’s brighter future, Gilt Groupe’s Jetsetter, +J launches at Uniqlo

Missoni A/W 2010 ad campaign | Source: Missoni

Italy’s Fashion Houses See No Early Recovery From Sales Slump (Bloomberg) “Italy’s fashion industry will take years to recover after the biggest sales decline in at least two decades, according to the country’s designers, who criticized the government for not doing enough to assist them.” Valentino Owners Say Company Will Survive Recession (New York Times) “The finances of the Valentino fashion house will

…Continue Reading

Footwear players want EU protection, Retailers look to Spring, Holiday optimism, Moss Bros loss, Gap founder dies

Pile of shoes | Source: e-boost consulting

Italian and Spanish footwear manufacturers to fight for EU protection (Drapers) “Anti-dumping measures have been in place since 2006 to protect the European Union’s footwear manufacturers from import surges. A decision to maintain tariffs, amounting to 16.5 percent on Chinese footwear and 10 percent on shoes from Vietnam and strongly opposed by UK retailers, would be likely to worsen East-West trade relations.”

…Continue Reading

Patriotic buying, Japan gets thrifty, New fashion world order, Mass retail helps, Mario Testino talks

A/W 2009, by Burberry, Alexander McQueen and Stella McCartney

Patriotic buying in turbulent economic times (FT) “They say a crisis can unite the most unlikely of characters, so when a cantankerous tycoon and a leggy It-girl both lend their celebrity quotient to helping the economy, it shouldn’t raise too many eyebrows.” Once Slave to Luxury, Japan Catches Thrift Bug (New York Times) “Not long ago, many Japanese bought so many $100 melons and $1,000 handbags that this was the

…Continue Reading

Pringle’s new fairytale, Creative commerciality, Fashion’s Night Out, London’s homecoming, Burberry gets social

Norma Kamali for Walmart, courtesy of Walmart.jpg

A lady from Chanel who wants to drive Pringle off the golf course (Guardian) “American Mary-Adair Macaire aims to restore the struggling Scottish knitwear firm’s name for elegance.” From the Garage to the Runway (WSJ) “Little more than a year ago, 27-year-old Hannah Marshall spent most days at a garage in rural Essex, two hours outside London, working in a makeshift studio to create tight, sexy-sinister

…Continue Reading

Jil Sander’s Uniqlo, China’s next step, Contemporary craze, Burberry’s Stacey Cartwright, Cheap goes chic

Jil Sander for Uniqlo, courtesy of Uniqlo

Jil Sander’s new range for Uniqlo (Guardian) “Jil Sander has been off the fashion scene for a while, but now the queen of understatement is taking on a new project – high-class design for the masses – with the Japanese brand Uniqlo.” China Inc: Not just a maker but new owner of fashion (Reuters) “After decades of Made-in-China garments, China’s fashion industry is keen to move on from being just a mass

…Continue Reading

Rethinking accessories, Socol’s values, Young bloggers’ sway, Fact-checking at the majors, Menswear morass

Ohne Titel, Alexander Wang, Preen, Richard Chai, Altuzarra, courtesy of the New York Times.jpg

Accessories After the Fact (WSJ Magazine) “It’s been a brutal year for the arbiters of all things luxurious. World-wide accessories sales, the engine driving the explosive growth of the luxury-goods industry over the past decade, are projected to decline 10 percent in 2009, according to Bain & Co., the first real decline since Bain began tracking the sector in 1995.” Former Barneys CEO Watches Shows and Luxury Goods

…Continue Reading