It looks like the rapid expansion of luxury brands into China we keep hearing about isn’t so rapid anymore. Ready and raring to take their place? Affordable fast fashion brands, according to new reports.
Brooklyn-made products are the new luxury according to a new piece in the Observer, featuring fantastic quotes like, “None of my clients want Christian Louboutin shoes anymore, because the Kardashians are clomping around in them at breakfast.”
It’s time to add another point to Burberry’s score in the race for luxury industry dominance. In the second quarter of Burberry’s fiscal year, the company’s retail sales were up 5%. Pretty good. This quarter was even better. Burberry reported an impressive 16% jump in retail sales. Stores that have been open at least one Read more →
Today marks the launch of “Gucci Collector: Presented by Christie’s,” the first Gucci-certified online destination for appraising vintage Gucci products. The micro-site, which lives on the Christie’s auction house Web site, gives owners of vintage Gucci handbags and luggage the chance to have their items appraised by Patricia Frost, Christie’s Director of Fashion and Textiles. Read more →
W Magazine hosted a conference on luxury this morning – what’s going on with it, who’s hurting, who’s winning, when will it come back? They conducted a series of polls with their readers, dubbed “Fashion Passionates,” and compared them to the more generally affluent, as in still-rich people who don’t devote their extra money to Read more →
At the end of last year, during Super Sale Season 08, we were wondering what would happen after everyone got used to even the big stores discounting deeper than we thought was possible. And here’s what: Believe it or not, some brands are reportedly dropping their prices. According to WWD, both Oscar de la Renta Read more →
In light of diamond prices taking a significant dip, Harry Winston’s made a big change. They’ve quietly launched an e-commerce site called the Harry Winston Online Salon. It consists of only diamond jewelry, much of which is winter-themed (like at left), ranging anywhere from $6,000 for a pendant to $135,000 for a necklace. Our first Read more →
Even though each day brings more and more clothes at deeper discounts these days, even though the highest of the high-end are lowering their prices in the US, and even though their sales for the third quarter decreased 46% (and even though holiday sales account for nearly half their total sales), Abercrombie says it won’t Read more →
Some facts: 1. American workers make up almost half of all diamond purchases worldwide. [Another somewhat related fact: There is exactly one diamond mine in the US (in Arkansas), and it's not used for commercial sourcing.] 2. US joblessness just increased to 6.5%, the highest in 14 years. Translation: A lot of those American workers Read more →
While some companies are trying their hardest to come across as inexpensive as possible through advertised (and constant) sales and “everyday” low prices (Olay, Target, Bloomingdale’s), other companies, we’ll call them “luxury,” simply aren’t, because the general consensus has been that the luxury market is doing just fine. But a big impressionist and modern art Read more →
LVMH may have just won a landmark case against eBay, but now their beauty division’s in hot water in Germany – According to WWD, there was something of a beauty cartel in Germany up until recently, called “Schlossrunde,” which means “elite circle.” It consisted of quarterly meetings since 1995 between the German subsidiaries of LVMH Read more →
We stayed too late at the Lydia Hearst for Puma party, so today we’re a little groggy. Still, even if we’d had a yoga class and 8+ hours of sleep, we bet we’d think this video of Suzy Menkes and Natalia Vodianova was hysterical. To start, there’s the contrasting pouf and pull of the hairstyles. Read more →
