Stores Cheer Versatile Designs (WSJ) “Nearly two years after the bottom fell out of the luxury business, retailers are selectively increasing their spending budgets, targeting fashions their core customers will splurge on and key pieces that the still-wary aspirational consumers will find compelling to buy.” Louis Vuitton tops fashion brand rankings (Just Style) “The LVMH-owned label maintained its 16th place in
Why American Apparel is going out of fashion (Independent) “After years of headlines about sexually charged advertising and accusations of sexual harassment on the part of the company’s eccentric founder, Dov Charney, American Apparel looks like it is going down the way it came up: in a blaze of controversy.” A Winter Break Is Now the Longest Season in Fashion (NY Times) “A resort collection used to be the
How Mulberry bagged success in the battle for affordable luxury (Guardian) “Many women spending nearly £1,000 on a handbag may salve their conscience by telling themselves it is an investment. But is it? ‘I am rather keen on the idea,’ chuckles Godfrey Davis, the chief executive of the fast-growing luxury brand Mulberry.” Mickey Drexler Has Yet Another Reason to Be Giving High Fives (Vanity Fair) “The
Alexander McQueen label will survive (Times) “Alexander McQueen’s fashion label will live on despite the designer’s apparent suicide last week, it was announced this morning.” PPR full year net profit increases 7 percent (AP) “Retail-to-luxury group PPR SA reported a 7 percent increase in 2009 profits Thursday and said it is launching a sales offensive to boost revenues in fast-growing markets such as
European Luxury Goods Risk Cachet With China Focus (Bloomberg) “European luxury brands are risking their cachet and alienating Western shoppers by changing designs to appeal to the Chinese market, according to Tyler Brûlé , the London-based design consultant and editor of Monocle magazine.” Will Fashion’s Biggest Names Kiss the Runway Goodbye? (Time) “On Dec. 11, Rugby, Ralph Lauren’s collegiate brand,
Eddie Bauer Plots Its Next Ascent (WSJ) “Eddie Bauer Holdings Inc., the nearly 90-year-old outdoor retailer with a rich history, filed for Chapter 11 bankruptcy protection, overcome by a heavy debt load.” British style captures mood of times, says Mulberry (Reuters) “The leather bags specialist said UK like-for-like sales leapt 21 percent in the first 10 weeks of its new financial year, helping to send its shares
Net-a-Porter gives details of discount venture (Drapers) As revealed in BoF’s exclusive interview with Natalie Massenet in November, Net-a-Porter will launch a discount e-Commerce venture called Outnet.com. Milan’s Choice: Appeal to Reason or the Gut? (WSJ) In order to lure customers, designers in Milan employed polarising design strategies. Mulberry to beat expectations (Drapers) According to Mulberry, the holiday
Zara owner Inditex posts strong sales (Drapers) Despite the volatile market conditions, Inditex has posted a net sales increase of 11 percent this year. Mulberry issues profit warning (Drapers) According to Mulberry, its profits for this year will fall short comapred to last year. Elle Magazine Gets Into The Avatar-Apparel Business (WSJ) Elle has recently "launched an apparel line for virtual world avatars." Consumers Shift to Lower-Priced Stores (WSJ) This holiday season, more Americans are shopping at lower-priced stores. Retailers hurt by prospect of leftover Christmas stock (FT) Many retailers have entered the Holiday selling season with a lot of merchandise in stock which could significantly hurt their profitability down the road. Photo courtesy of Zara.