Luxury leads recovery, Asos launches US site, Italians invest in India, Fast Retailing sees decline, Runway top ten

| Daily Digest

Neiman Marcus, Boston | Source: ICSC

US luxury stores outperform rest of retail sector (FT) “US luxury department stores outperformed the rest of the retail sector during September, underlining the extent to which more prosperous shoppers are leading the recovery in consumer spending.” Asos launches US site (Retail Week) “Asos is promoting the new website, Us.asos.com, by giving US customers free delivery. It plans to launch French and German

…Continue Reading

Asian acquirers, Outsourcing truths, Saks shares surge on bid talk, Boomers get social, McQueen memorial

| Daily Digest

Relocated labels (FT) “From individual consumers of luxury goods, the Chinese and Indians have become consumers of luxury companies, in a shift that has far-reaching implications for the $80bn (€63bn, £52bn) a year industry.” When luxury brands outsource, should they tell? (Today) “Italy’s Parliament has passed a law that [requires] manufacturers be able to prove that their products were primarily made in

…Continue Reading

Betting on E-commerce, Painting Pringle, Sak’s Sadove sits down, Bar code check-in, Saboteur’s geek chic

| Daily Digest

Handmade apparel on Etsy by Qinliumei | Source: Etsy

Why e-commerce IPOs will soon be the smarter buy (Venture Beat) “In Silicon Valley, market-watchers are looking to digital media in its many forms — social networks, tablet apps, user-generated content — to revive the IPO market… But there’s a smarter bet for investors: e-commerce.” Pringle of Scotland: painting by jumpers (Telegraph) “To celebrate Pringle’s 195th birthday, it has partnered with the

…Continue Reading

Jaeger eyes expansion, Saks recovery, Sykes for Aquascutum, Ad pages up and down, Maison Martin Margiela exhibit

| Daily Digest

Jaeger Summer 2010 | Source: Jaeger

Jaeger says sales picking up, eyes expansion (Reuters) “British luxury brand Jaeger has seen a strong pick up in sales in recent weeks, it said on Wednesday as it posted a 16 percent rise in annual earnings and outlined plans to expand internationally and online.” Saks recovers with stronger merchandising, consumer appeal (Medill Reports) “Luxury department store Saks Inc. recovered from a year-ago loss to post a

…Continue Reading

Digital retail, Google wins EU ruling, Saks to shutter weak doors, Indian mass fashion, Weight and wellness

| Daily Digest

Jeremy Renner in Esquire's Augmented Reality Fashion Spread | Source: Esquire

Luxury brands focus on digital retail experience (Marketing) “Brands and high-end retailers, including House of Fraser and Selfridges, are preparing to launch virtual shopping experiences using cutting-edge digital technologies.” Google wins EU ruling in fake luxury goods case (AP) “Google Inc. won a key European Union court ruling Tuesday that says it did not violate luxury goods trademarks by allowing

…Continue Reading

12345