NEW YORK, United States — Coach Inc., the largest U.S. luxury handbag maker, said fiscal fourth-quarter profit fell 12 percent as discounts and weak handbag sales hurt revenue in North America.
In a three-part report, BoF examines New York City’s ever-shifting retail landscape. Today, we consider the rise and recasting of the Meatpacking District.
Op-Ed | Fashion’s Unsung Internet Forums (Opinion) “Much has been written about the rise of independent fashion blogs as both influential voices and viable businesses. But much less discussed are fashion-focused discussion sites, or forums, the Internet’s original hubs for independent fashion commentary.” Market Pulse | On Holidays (Market Pulse) “Neither the Savigny Luxury Index (“SLI”) nor the MSCI World Index
Tory Burch has good reason to party after a billion-dollar brainwave (Telegraph) “Tory Burch may well just have made a $1 billion faster than any other woman in history; faster, possibly, than even that alpha male of fashion, Ralph Lauren. After a fair amount of hoo-ing and haa-ing, Burch, who owns 28.3 per cent of her label, quietly settled a dispute with her former second husband Chris Burch on New Year’s Eve, which
Gap to Buy Luxury Retailer Intermix (WSJ) “Gap Inc. is buying women’s fashion boutique Intermix Inc. for $130 million, a deal that will give the mostly casual-clothes retailer an opening to the all-important luxury market.” Is it time to invest in a little luxury? (Telegraph) “Luxury goods companies were the height of investment fashion in the spring, as their profits soared on demand from brand-hungry
LONDON, United Kingdom — It’s that time again when we take a look back at the people, places and innovations that have defined the year in the business of fashion. And what a year it’s been. From the debuts of new heavyweight designers at megabrands Dior and Yves Saint Laurent to the flurry of digital innovations and the rising markets of India, China and Brazil, we’ve covered it all. It was also a particularly special year for
Op-Ed | Making The Case Against Fast Fashion Collaborations (Opinion) “These underlying commercial motives are often obscured, however, by a ubiquitous but pernicious phrase: ‘the democratisation of fashion.’ Whoever coined the term is surely the marketing genius of the 21st century. On the face of it, who can argue that ‘the democratisation of fashion’ isn’t a good thing?” Joseph Mimran’s Fresh Approach (Intelligence)
Tory Burch’s Ex Factor (Vanity Fair) “In a brief eight years, Tory Burch has become one of fashion’s biggest names, the golden girl with the golden brand. Is it thanks to, or in spite of, her former husband Chris Burch, who has launched his own, Tory-esque line of shops, C. Wonder, while still sitting on her company’s board?” Nigeria, on the Fashion Catwalk (IHT) “The Nigerian people, upbeat and enthusiastic,
Icon of the Decade | the 1970s Diane von Furstenberg (W Magazine) “At 65, Diane von Furstenberg still embodies sultry beauty and feminine power. She is womanly, sensual, and utterly bien dans sa peau as she lounges on a sofa in her office on West 14th Street in Manhattan, portraits and murals and photographs of her in all her feline splendor staring down from the walls.” Burberry profits cut by move into perfumes (FT)