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

| Daily Digest

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

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

| Daily Digest

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

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

| Daily Digest

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)

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

| Daily Digest

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

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

| Daily Digest

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)

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