Why Some Of The World’s Biggest Brands Still Don’t Get Facebook (Forbes) “Just because a brand has big marketing prowess or is known globally doesn’t necessarily mean it’s active or even gets social media–namely Facebook, that is.” Luxury Brands Hobbled By Poor Management (Jing Daily) “As major luxury brands continue their march into China’s second- and third-tier cities in an attempt to tap increasing spending
NEW YORK, United States — When I first met Rachel Shechtman at a Harvard Business School luxury goods conference back in 2007, we quickly learned that we had much in common. Since then, we have made a point of meeting for breakfast to catch-up and discuss the state of the industry whenever work brings me to New York City. It got us to thinking. With the non-stop madness of the fashion business, many of us don’t make the time
Online clothing sales rise 32% in January (Drapers) “Online spending rose 19% in January, according to the IMRG Capgemini e-Retail Sales Index, with clothing and accessories sales online soaring by 32%.” Traditional Retailers Return Dismal Online Search Results (Seeking Alpha) Compared to e-commerce sites, “brick-and-mortar retailers – despite a slight increase in search presence over the past three years
Thakoon on Target, Recessionista Fashions and Dressing Michelle Obama (WSJ) Thakoon has "copied" looks from his main line for a limited edition collection with Target. The New Bling in this Economy (WSJ) "Diamonds may be forever but in this economy, faux and semiprecious stones may be for now." Economy Loses 533,000 Jobs (WWD) In the US, November's 533,000 job losses, was the "steepest monthly fall since 1974 and a major hit to the most important underpinning for consumer spending." Do retail discounts work? (Just Style) Steep shopping discounts this holiday season could do some damage to the retail business. Thakoon s/s '09, photo courtesy of Thakoon.
NEW YORK, United States - New York already has the reputation of being the most commercial of the fashion capitals, but this New York Fashion Week has taken that stereotype to new levels. With economic uncertainty swirling through the city (Lehman Brothers is the latest Wall Street Bank whose future is in question) and footfall at department stores dropping precipitously, the mantra of the week seems to have been 'Play it Safe!" Over and over again this week, young designers have told me that the big buyers are sticking to proven silhouettes in basic colours, veering away from the fashion items. While the basics and staples of designer collections will always be important part of the product assortment, it seems…