With growth slowing in key markets like China, luxury brands should examine the numbers, overcome their fears about image and turn their attention to Africa, argues Johanna Collins-Wood.
In the Internet Age, fashion consumers increasingly know what they want long before they visit retailers, undermining the traditional role of department stores and boutiques as curators of style, argues Eugene Rabkin.
NEW YORK, United States — While the most well-heeled shoppers still think nothing of dropping $4,600 on an Hermes tote, cracks have appeared in the $94 billion U.S. luxury market, especially for companies that cater to “Henrys” -- High Earners Not Rich Yet.
London Fashion Week: Burberry (Telegraph) "A shower of silver sequins rained down on 1,500 guests in a vast white tent in the grounds of the Chelsea College of Art & Design last night (Tuesday), creating a starry climax to the Burberry Prorsum show at London Fashion Week." Burberry Jumps After Ahrendts Says U.K. ‘On Fire’ (Bloomberg) "Burberry Group Plc rose as much as 5.8 percent in London trading after Chief Executive Officer Angela Ahrendts said the clothing maker’s U.K. business has been “on fire” as demand for luxury goods improves." Tom Ford Seeking At Least $50 Million (PEHUB) "Tom Ford International is on the hunt for financial backers, two sources familiar with the situation told peHUB. The New York-based fashion…