Zombie malls, Kors profit rises, American Apparel sales up, Rodriguez’s role, First cover

Keeping zombies out of the mall (FT) “The Garrard Street mall in Reading, a 40-minute drive from west London, is a warning to developers everywhere. Abandoned and soon to be demolished as part of a broader redevelopment… A lethal combination of thrifty consumers and a commercial real estate slump have turned malls into the walking dead of retail.” Michael Kors 1st-qtr profit rises, raises forecast (Reuters)

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Week in Review | François-Henri Pinault CEO Talk, Etienne Russo, The Man Repeller, Luxury Index falls

Week in Review July 30- August 3

BoF Exclusive | François-Henri Pinault, Chairman and Chief Executive Officer, PPR (CEO Talk) “On the day of the official announcement of a major joint-venture between PPR and YOOX Group, BoF’s Imran Amed speaks to PPR chief executive officer François-Henri Pinault for a global exclusive interview on how the new partnership fits into Mr Pinault’s digital vision for PPR.” Etienne Russo, Fashion Show Producer (The Creative

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Market Pulse | Worry in China, Drama in Europe Weigh on Luxury Sector

Savigny Luxury Index June 2012 | Source: Savigny Partners

LONDON, United Kingdom —  The Savigny Luxury Index (“SLI”) fell 4.2 percent in June, relative to an uplift of 4.0 percent in the benchmark MSCI World Index (“MSCI”).  Worrying news out of China, the continued drama of the European debt crisis and downward revisions in growth estimates for 2012 caused the sector to go out of favour. Big news The month started off with a bang: China announced a slowdown in its factory output for the

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Kors crushes earnings, Esprit plummets, Inditex defies crisis, Louboutin woes, Vogue Ukraine

Michael Kors Spring/Summer 2012 | Source: Lelima

Kors Crushes Earnings: Will the Growth Continue? (Daily Finance) “Shares of design house Michael Kors popped on the open today, with the stock climbing more than 5%. The luxury-goods retailer reported fiscal fourth-quarter earnings that beat on both the top and bottom lines.” Clothing retailer Esprit’s shares slide 23 percent as CEO quits (Reuters) “Shares of Esprit Holdings Ltd fell by nearly a quarter on

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Mixed emotions at Prada, Lululemon stalls, Gilt doubles down, Pinault in conversation, Kors chat

Prada's flagship store in Milan | Source: LA Times

Prada frets about tourist stayaways (Reuters) “First-quarter profit doubled at the Milan-based maker of colored Miu Miu dresses, outpacing revenue growth, but the company is not immune from concerns about the euro zone, a sluggish U.S. recovery and a possible slowdown in Asia.” Lululemon CEO Eyes Holidays After Sales Miss (Bloomberg) “Chief Executive Officer Christine Day was unapologetic after projections for

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Market Pulse | Status Quo

Savigny Luxury Index March 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) traded in a relatively narrow bandwidth this month, slipping 0.3 percent, whilst the benchmark MSCI World Index (MSCI) edged up 0.2 percent. Worries over a slowdown in China were offset by yet another string of exceptional results announcements, resulting in a status quo for the month of March. Big news The sector has been awash with strong results announcements with Prada,

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The man behind Toms, Michael Kors’ billions, Rise of luxury titles, Sharp suits, Liu Wen express

Blake Mycoskie | Source: The Independent

Best Foot Forward: The man behind Toms (Independent) “Toms, the brand behind these ethical espadrilles – with its singular tagline ‘one for one’ – has revolutionised fashionable feet, as well as the face of charitable giving in one easy step. Founder Blake Mycoskie’s idea is a simple one: for every pair of shoes sold, another is given to children in the developing world.” Michael Kors’ To Make Billions

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Kors vs Coach, Ferragamo rising, Dover Street Tokyo, Fashion hunt, Front row takeover

Front Row Christian Dior Autumn/Winter 2012 | Source: China Daily

Michael Kors Brand Takes on Coach in U.S. Luxury Market (Bloomberg) “Coach Inc. faces an upstart with momentum and brand recognition. His name is Michael Kors. Since the designer’s company went public three months ago, his ambitions have become clear.” Ferragamo eyes growth after profits beat forecasts (Reuters) “Italian luxury shoemaker Salvatore Ferragamo is expecting ‘significant growth’ in 2012

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Céline’s balance, Neiman Marcus sales spike, Aspirational shoppers, Nasty Gal, Front row secret

Céline Autumn/Winter 2012 | Source: Showmoda

Céline: Dressing for a Balanced Life (IHT) “Three exceptional designers took masculine tailoring as a base for a new female elegance that owes nothing to frills and furbelows. On Sunday, as Phoebe Philo stood, heavily pregnant, to greet a hand-picked audience for what was not more than a Céline showroom collection put on models, it was hard not to think of her as the leading protagonist for this new woman.” Neiman

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Market Pulse | China Sneezes, but Confidence Returns

Savigny Luxury Index February 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) outperformed with a gain of 6.9 percent for the month versus 2.6 percent for the benchmark MSCI World Index (“MSCI”).  Confidence in the sector returned towards the end of the month, with many of the bigger luxury stocks posting gains after having been flat for most of February. Big news Earlier in the month, China’s announcement that industrial output was slowing had sent

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Rodarte’s beautiful journey, Kors continues ascent, Gucci vs Guess, Suzy speaks, Streetstyle girls

Rodarte Autumn/Winter 2012 | Source: Showmoda

Youth Takes Many Paths (NY Times) “Laura and Kate Mulleavy have had a pretty weird journey since they left their home in Pasadena, Calif., to bring their Rodarte label to New York. It has been a kind of road trip, a theme they have actually sounded in a few collections And, because they haven’t really told us where they are going (maybe they don’t even know), things have a way of getting out of control.” Luxury demand

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Show fatigue, NYFW schedule conflicts, Good start for Boss, Model education, Jet set designer

Meadham Kirchhoff Spring/Summer 2012 | Source: Fashion156

Out of fashion: Designers finding new ways to sell their style (Independent) “As the autumn 2012 collections are unveiled, more and more designers are questioning the format; seeking something new in an age where digital culture means every image is beamed straight to an audience at home and cloistered, exclusive runways are no longer the most practical way of promoting their labels.” New York Fashion Week Parades 328

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Market Pulse | Resilience in the Face of Uncertainty

Savigny Luxury Index January 2012 | Source: Savigny Partners

LONDON, United Kingdom — While the luxury industry entered 2012 with an overall outlook that remain uncertain, the sector remained resilient. Big news The Savigny Luxury Index (SLI) lost 2.6 percent in December, whilst the general market index MSCI gained 3 percent over the period.  The cause for this divergence was a temporary sell-off in luxury stocks in mid-December.  Two factors contributed to this: the Italian sovereign debt

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