LONDON, United Kingdom — On the heels of Downton Abbey’s success on American television, British retailers are banking on a love of all things English to expand their business in the world’s biggest apparel market. Leading the British invasion are Asos Plc, TopShop, Boden, Jack Wills Ltd., and Superdry.
Rich toddlers draw fashion designers’ eyes (Business Week) “Top fashion designers are pushing more expensive duds for the increasingly lucrative affluent toddler demographic. This fall, Oscar de la Renta, Dolce & Gabbana, and Marni launched collections for the pint-sized.” Bergdorf Goodman’s Online Push (WWD) “The retailer’s digital journey began with YouTube in 2007, followed by Facebook and
Uniqlo: Cheap and Very Cheerful (WSJ) “Uniqlo came into being as Unique Clothing Warehouse in Hiroshima in 1984. The company, founded by current group president Tadashi Yanai, was based on the tailoring store that Yanai’s father opened in 1949 in Yamaguchi… The company changed its name to Fast Retailing Co. in 1991 and, in what seems like self-fulfilling prophecy, is now one of Asia’s fastest-growing
Tents, but No Circus (NY Times) “But what the increasingly industrialized Fashion Week now signally lacks is a certain giddy excitement, the fanfare and promise of genius that were common in the days when you could still get close enough to it all to see the greasepaint and smell the sweat… Ms. Roitfeld claimed flatly that fashion is not much fun anymore. ‘It’s less light-hearted, less spontaneous,’ Ms.
Burberry to buy out Chinese franchises (FT) “[Burberry] said it would buy out its Chinese franchises in a £70m deal that will see it take direct control of its 50 stores on the mainland. The deal came in the same week China reported 10.3 per cent growth in the past quarter.” Hello Tommy (Vogue.com) “Tommy Hilfiger is adding a new lifestyle label to its repertoire, entitled Tommy. Aimed at twentysomething men and
Sales soar at fashion label Superdry (Telegraph) “The chain said that expectations for pre-tax profit for the year to the start of May will be ‘not less’ than the £25.7m it outlined in its IPO prospectus earlier this year. Total group sales over the year are up by £63m, or 83pc, to £139m.” Italy’s Yoox Posts 1Q Growth In Net Profit, Revenue (WSJ) “Italian Internet fashion retailer Yoox SpA