Market Pulse | The Luxury Consumer Is Back

Savigny Luxury Index March 2011 | Source: Savigny Partners

LONDON, United Kingdom — This month’s Market Pulse shows a continuing upward trend for luxury and fashion stocks versus the MSCI World market benchmark, erasing any lingering doubts about the return of the luxury consumer. Big news • Luxury brands have had an excellent start to the year reporting strong Q1 results. Double digit sales growth has been fuelled by continued strong growth in China and economic recovery in the US

…Continue Reading

Japan capitalises on cute, Prada profits up, Safilo reports Q1 loss, Viral video spikes traffic, Twiggy’s journey

Shizuka Fujioka, Yu Kimura and Misako Aoki | Source: Daylife

Japan’s Ambassadors of cute (FT) “Economists are now looking at Japan and going: ‘Well, they don’t have the economic clout they had before, but they have a kind of soft power in view of the incredible global popularity of manga and anime.’” Prada’s core profit up 3 percent in 2009 (Reuters) “Italian fashion house Prada said 2009 core profit rose 2.8 percent to 290 million euros ($389.8 million),

…Continue Reading

Affordable luxury wins, Fighting shoppers’ guilt, Tom Ford women’s, Safilo finds investor, Jun Takahashi in profile

Tommy Hilfiger Fifth Avenue Flagship | Source: Tommy Hilfiger

‘Affordable Luxury’ Bucks the Crisis (NY Times) “Tommy Hilfiger just opened a 22,000-square-foot store on Fifth Avenue in Manhattan, a move that, in this economy, some might call insane. But the Hilfiger line, like many midrange designer brands, is growing, while other labels, notably at the high end, are struggling to hang on to market share.” Fighting Back Against Shoppers’ Guilt (WSJ) “Guilt

…Continue Reading

Abercrombie shares tumble, Retail sales fall, Safilo open to bids, Giancarlo di Risio to step down

Abercrombie & Fitch ad campaign, courtesy of Abercrombie & Fitch

Abercrombie & Fitch shares drop sharply (AP) “Shares of Abercrombie & Fitch Co. tumbled Thursday after the teen retailer posted a bigger-then-expected drop in same-store sales for May. Its stock shed $3.56, or 11.3 percent, to $28.12 in midday trading.” Across Low and High Ends, Retail Sales Fell in May (New York Times) “While there have been early signs of stabilization, including improving consumer

…Continue Reading