Bonjour Couture (Vogue.com) “Just as Haute Couture Fashion Week begins the high fashion market has posted some very positive sales news. Top Parisian labels, including Chanel, Dior and Jean Paul Gaultier, have revealed a marked increase in both sales and demand.” Cosmetics from Burberry and Topshop (FT) “Fashion brands are often able to make that transition from clothes to fragrance, but with make-up it is harder.
Even Luxe Buyers Expect Discounts (Adweek) “We examine some other aspects of the luxury-buyer mind-set, including attitudes toward discounting and brands’ use of the Internet, as well as the post-recession outlook.” The New Must-Have Accessory (WSJ) “Amid a recession that’s clobbering sales of designer apparel, growing numbers of designers are rushing to embrace mobile-device technology in hopes of
High fashion and Hollywood glamour as Mango open stores around the world (Times) After a successful launch in Iran, Mango looks to move further into the Middle East, setting up a store in Irbil, Iraq. Is luxury fashion good for the planet? (Observer) “Premium brands don’t have the best reputation when it comes to social and environmental issues, but change is in the air.” Matthew Williamson returns to London
Saks swings to a loss as demand falters (MarketWatch) “Saks Inc. swung to a smaller-than-expected first-quarter loss Tuesday after the luxury retailer controlled inventory and expenses amid faltering demand for upscale goods.” Halston Taps Marios Schwab as Creative Director (WWD) “Ending one of the most speculated-about searches in recent months, Halston has tapped London-based designer Marios Schwab as its new
Luxury’s Breaking Point (CNBC European Business) “MasterCard SpendingPulse reported luxury goods was the worst hit category in the final two months of 2008, with year-on year sales nosediving 34% between 1 November and 24 December in the US.” Versace Profits Fall 30 Percent (WWD) Versace feels the effects of the downturn with a 30 percent decrease in net profits. (Subscription required) Bill Blass is Hiring
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
Japan's Fast-Fashion Frenzy (JC Report) "Japanese consumers have fallen head over heels for cheap clothing and may never turn back." McCartney Sets New Tokyo, Paris Stores (WWD) Although the brand is only seven years old, Stella McCartney has opened new stores in Tokyo and Paris. The Gap's Resurgence: Great Start to the Holiday Season (Seeking Alpha) At Gap, "spending is up significantly" for November 2008 compared to last November. Retailers Will Find It Hard to Keep Shoppers' Attention This Year (Seeking Alpha) Though Black Friday sales were impressive in the US, many analysts think that consumers wouldn't be able "to sustain their buying frenzy for the duration of the holiday season." People lining up to purchase goods at Topshop in…