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?
NEW YORK, United States — At a time when department stores are chopping themselves into mini-malls — J.C. Penney Co. being the most prominent example — Barneys is doing the opposite.
Barneys’ Fall Line (NY Magazine) “Like many of its clients, Barneys has had its ups, its downs, and its great many in-betweens, and it is, at right this very moment, engaged in that most New York of pursuits: a reinvention… Last summer, Mark Lee was hired as Barneys’ new CEO. His reputation is as golden as it gets in the fashion world: He’s spent his career in Europe occupying high-level positions at important fashion
http://vimeo.com/17599877 Why Fashion’s Top Brands Are Flocking to Tumblr (Mashable) “According to Tumblr… approximately 180 of the top 1,000 Tumblr blogs are fashion-related. And fashion-related Tumblr posts are reblogged on a much greater scale than general Tumblr posts… suggesting that ‘there’s a huge capacity for fashion content to go viral on Tumblr.'” Manish Arora Confirmed as Paco Rabanne
The Fall of the House of Ungaro (NY Times) “Ungaro was losing roughly $15 million a year, and [the Ferragamos] signaled to their bankers to look for a buyer. Abdullah was the only serious buyer who turned up. That was in 2005, and as you probably guessed, he had no experience in fashion.” Barneys Appoints New CEO (Market Watch) “Barneys New York, the luxury retailer, with the support of its shareholder Istithmar