‘Get-It-Cheap Party’ for Luxury Goods Ends at Saks, Barneys (Bloomberg) “Luxury chains including Barney’s and Saks Inc. are selling costlier goods after scaling back discounts and promotions they offered to attract shoppers in the recession.” Outlook brightens for Italian luxury sector: study (AFP) “Prospects for Italy’s luxury goods sector are looking up thanks to strong sales forecasts in Asia, Latin
In our latest CEO Talk, Robert Duffy, longtime business partner of Marc Jacobs, speaks to BoF about the power of Twitter. NEW YORK, United States — When Robert Duffy posted his first-ever Tweet on 30 January, saying “Welcome Tweeties,” he had no idea what he was getting into. What happened in the weeks that followed is an excellent lesson for fashion executives everywhere: the best way to understand social media is to
LONDON, United Kingdom — It’s that time of year again. With over one million pageviews on BoF in 2009, it’s time to take stock of the year that was in a retrospective of the most popular articles from The Business of Fashion. Needless to say, 2009 was the year of social media in fashion and our top 10 list is reflective of the explosion of interest in fashion bloggers, social networks and the now ubiquitous Twitter.
Shoes, bags prove staying power in luxury crisis (Reuters) “At the height of the luxury goods boom, launching a single successful “it” bag was enough to substantially alter a company’s profit outlook. Over the past week at the Paris fashion shows, buyers, designers and executives were hoping the same kind of accessories magic would help luxury firms weather the economic downturn.” World’s fashion
NEW YORK, United States—Last season, the fashion flock embraced Twitter like never before, giving fashion consumers a captivating play-by-play from front rows and afterparties at fashion weeks from New York to Paris. Indeed, for a few days, New York Fashion Week became the 4th biggest trend on Twitter. Now, capitalizing on this momentum, a San Francisco-based publishing and advertising network has launched a website called