MILAN, Italy — Salvatore Ferragamo SpA’s second- quarter revenue growth is in line with the first quarter’s, justifying the Italian luxury-goods maker’s outlook for 2013 earnings growth, Chief Executive Officer Michele Norsa said.
FLORENCE, Italy — Salvatore Ferragamo SpA, an Italian maker of $1,390 sandals, reported first-quarter profit that exceeded estimates and confirmed its projection for earnings growth this year amid surging sales in the Americas.
Frida Giannini: Gucci’s Shanghai express (Telegraph) “Gucci’s first two shops on the Chinese mainland opened in Beijing and Shanghai in 1997, three years after Tom Ford started to transform the brand. Today there are 53 stores across 33 cities, and counting. So it is not surprising that Giannini has decided to spend some time getting to know Shanghai before continuing on to Seoul in South Korea for a store opening
Chanel’s Little Black Jacket: How Chanel split the fashion atom (Telegraph) “That innocuous cardie turned out to be fashion’s equivalent of the atom. And Coco split it. First, she took its pockets, which were perfectly positioned far enough down the front panels to encourage a woman to thrust her hands in them confidently, and placed them in corresponding places on jackets. Prior to Coco, women did not thrust, and
Underwear: The next big thing in smalls (Independent) “For a lingerie brand that has built a worldwide reputation by flaunting (and boosting and covering in rhinestones) the assets of some of the world’s top models, the exterior of the new Victoria’s Secret flagship store in London is somewhat demure.” J. Crew returns to profit in 2nd quarter (AP) “Preppy clothing seller J. Crew Group Inc. said
Are Fashion Brands Underestimating the Importance of China E-Commerce? (Global Briefing) “In order to succeed in a fast-changing China, brands must refocus attention on e-commerce. ‘Companies cannot have a major presence in China without having an online presence, not only to generate sales but also to engage with customers where they spend so much time.’” Fashion 2.0 | Connecting With Consumers Through
Mulberry growth shows signs of slowing (FT) “Shares in Mulberry, the English luxury goods maker, fell heavily on Thursday after its annual results were not quite as stellar as analysts had expected, while recent sales figures showed a slowdown in growth.” London men stake their place in the fashion spending arena (Telegraph) “Tagging the male mentality towards fashion as a basic ‘famine or feast
Ferragamo Takes Stage at the Louvre (IHT) “For the first time in its long history of grandeur, gore and artistry, the Louvre will host a catwalk fashion show on Tuesday. Designers have shown their wares in the museum courtyard with its glass pyramid, but this show from Salvatore Ferragamo will be inside the building, taking place on a 120-meter runway, about 400 feet, under the Denon wing’s colonnade.” Designers Dolce,
Rebranding Africa (IHT) “Africa is in the news — but not just for the sad and familiar reasons of conflict and suffering. The continent is entering the fashion arena, with the quality of its handwork, artistic creativity and its potential for economic growth bringing Africa literally in vogue.” Italy’s Ferragamo Q1 net rises 10 pct (Reuters) “Italian luxury shoemaker Salvatore Ferragamo said on Monday its
Where Are the Women? (Style.com) “On the eve of the Costume Institute’s exhibition celebrating two pioneering female talents—Elsa Schiaparelli and Miuccia Prada—Nicole Phelps asks why there aren’t more successful young women designers in New York.” LVMH Skips European Austerity Raising Prices for Chinese (Bloomberg) “Chinese tourists traveling to Europe to take advantage of savings as much as 50
Wings of desire: 175 years of Hermès (Telegraph) “Fast-forward to now, and Hermès is the world’s best-regarded luxury company. The regard is reflected in its performance: last year, its profits rose 41 per cent to £495 million. Its exquisitely printed silk scarves are lusted after, but the cult of Hermès is predicated primarily on its handbags.” Slowdown in China? Not for luxury brands (CNN) “China’s
Amazon.com Raises Fashion Ante (Apparel News) “Best known for selling books and electronics, as well as itsKindle e-reader, Amazon.com Inc. has placed its focus on becoming a bigger player in the fashion business. The Seattle-headquartered Fortune 500 company recently placed ad campaigns in glossy consumer magazines and hired seasoned fashion veterans as buyers for the apparel offerings sold in its Amazon Clothing