Luxury brands should take a page from technology companies like Apple and adopt ‘ecosystem models’ to develop new markets, channels and products, advises a recent report by The Boston Consulting Group. BoF investigates.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Why China’s Fashionista Websites Aim High (And Low) (Forbes) “Online shopping offers a platform for new fashion brands to enter China, without the expense and risk of opening physical stores. Even deep-pocketed fashion houses face a challenge in planting a flag in China’s frothy real estate market. ‘All the good locations have been taken by the big brands,’ says Angelica Cheung, editor of Vogue China , which
Gap Gains With Zara Responding to Fast-Fashion Fatigue (BusinessWeek) “Call it fast-fashion fatigue. Millennials, after years of settling for apparel retailers’ downgraded fabrics and workmanship, are pushing for higher- quality clothing again, and chains are getting the message. Gap Inc., the biggest U.S. specialty-apparel retailer, and Fast Retailing Co. Uniqlo are able to charge more for better basics.” Hermès lifts
Spring/Summer 2013 | The Season That Was (Intelligence) “Whereas previous fashion seasons were dominated by designer departures, meltdowns and final exits, this season the narrative focused on two of the fashion world’s most celebrated designers, Raf Simons and Hedi Slimane, and their respective ready-to-wear debuts at two of the industry’s most important houses, Christian Dior and Yves Saint Laurent.” Byronesque