Archive for the ‘Daily Digests’ Category

LuxuryLab Daily Digest

Posted by Lauren Proctor on October 7, 2009

Magazine Publishers Plan Digital Store (Financial Times)
Time Inc is leading an industry-wide joint venture to create a digital store for magazines as a way for publishers to avoid surrendering their digital future to the likes of Amazon.com or Apple.

Neiman Marcus Gifts Go Luxury Lite (The Globe and Mail)
Neiman Marcus, whose holiday gift catalogue is a hallmark of opulence, unveiled a “lite” version for 2009 Tuesday, offering an Icon sports plane for a mere $250,000 (U.S.), a $105,000 Jaguar car and a $25,000 cupcake-shaped car.

Inconspicuous Consumption (The New Yorker)
For all the uncertainty about the current state of the economy, everyone is sure of one thing: this recession has permanently remade American consumers, turning them from spendthrifts into tightwads.

McQueen: Leaping Lizards (New York Times)
On my way out of the extraordinary Alexander McQueen show tonight at the Bercy sports complex—streamed live onto the Internet by SHOWstudio.com—I stopped in the control room to ask Nick Knight, the director, how he thought things had gone.

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LuxuryLab Daily Digest

Posted by Lauren Proctor on October 6, 2009

Putting Your Money Where Your Style Is (New York Times)
At a time when some of the fashion industry’s most beloved labels, from Christian Lacroix to Véronique Branquinho, are declaring bankruptcy, what would you pay to keep your favorite designer in business?

Luxury Goes Local in Asia (New York Times)
Could Ulan Bator be the new front line for luxury goods makers? 

‘I’ll Trade You a Dior for the D&G’ (New York Times)
It’s a sunny Sunday afternoon in late summer, but about 30 hip young women are milling around inside a nail salon in East London.

African Wealth and African Style at a Glamorous Juncture (New York Times)
Sub-Saharan Africa does not bring to mind an image of a woman with perfectly manicured nails flipping through glossy magazines in search of the latest handbag or celebrity haircut. Yet such women are there, and in far greater numbers than the news media’s portrayal of Africa might suggest.

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LuxuryLab Daily Digest

Posted by Lauren Proctor on October 5, 2009

Exclusivity For All (New York Times)
It’s hard to overstate the degree to which habits of thrift and frugality have taken on the cast of virtue in the past year.

Social Shopping Community Increases Conversions by 162% at Juicy Couture (Internet Retailing)
Upmarket fashion brand Juicy Couture has seen substantial increases in page views, average time spent on the site and conversations since adding its Club Couture social shopping community to its site.

The Anti-laws of Luxury Marketing #10 (Branding Strategy Insider)
Communicate to those whom you are not targeting.

Tag Heuer Looking Beyond the Metros (Business Standard)
Swiss luxury watch maker Tag Heuer is now looking beyond the metros. The company, which has seen its share in the estimated Rs 1,200 crore Indian luxury watches market, grow to 8 per cent, will multiply its presence in the country through multi-branded outlets in the smaller cities.

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LuxuryLab Daily Digest

Posted by Lauren Proctor on October 4, 2009

Rolling Sculpture Beats Gold as Values of Collector Cars Soar (Bloomberg)
Stephen Serio, a Waltham, Massachusetts classic-car dealer, expects the 1966 Ferrari 275GTB on his lot to sell for about $810,000. Five years ago, the same car sold for $500,000.

Leather, a Cat and a Big Party (Wall Street Journal)
A look at the Paris spring shows of Balenciaga, Azzaro, Christian Dior and Lanvin.

Prime Tables Do Not Await at Per Se, Babbo, Packed Restaurants (Bloomberg)
Getting a prime-time table at some of Manhattan’s most expensive — and popular — restaurants hasn’t gotten much easier at a time when a lot of Americans are eating chicken nuggets by the bucket.

Hong Kong’s Luxury Living Draws Mainland Chinese (AFP)
Mainland Chinese once fled to the slums of Hong Kong’s Kowloon to escape poverty, war and communism but many mainlanders in the district these days are seeking swimming pools and harbour views.

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LuxuryLab Daily Digest

Posted by Lauren Proctor on October 3, 2009

High Drama, Frayed Tempers at Paris Fashion Week (Reuters)
Police sirens and screams set the tone for Dior’s film noir-inspired fashion show on Friday, with a collection of 1950s trench coats, lingerie dresses and tight metallic jeans that revealed a decidedly commercial slant.

From Models to Magazines, Cataloguing the Fashion Industry (Wall Street Journal)
Until recently, there have been few options for fashion obsessives to track down a memorable ad from seasons past. A new start-up, My Fashion Database, has stepped into the breach.

Italy’s Fashion Houses See No Early Recovery From Sales Slump (Bloomberg)
Italy’s fashion industry will take years to recover after the biggest sales decline in at least two decades, according to the country’s designers, who criticized the government for not doing enough to assist them.

Luxury Gandhi Pen Scripts Controversy (The Times of India)
The controversy over a brand of luxury pen that depicts Mahatma Gandhi as brand ambassador for its new range spiralled on Thursday.

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LuxuryLab Daily Digest

Posted by Lauren Proctor on October 2, 2009

Valentino Owners Say Company Will Survive Recession (New York Times)
The finances of the Valentino fashion house will withstand the economic crisis, according to a partner in Permira, the private equity fund that owns the group.

The Future of Social Shopping (eMarketer)
Paul Dunay is global managing director of services and social marketing at Avaya and author of “Facebook Marketing for Dummies.” He talks to eMarketer about the future of social commerce as it shapes up on brand Websites, Facebook and Twitter.

Luxury Brands Must Brush Up Service to Succeed (Fashion Mag)
Creating a craving for that designer handbag or that trendy watch isn’t enough to get customers to whip out their credit cards, but treating them well certainly can, an expert on luxury brands says.

Lexus, BMW, Porsche September U.S. Sales Rise From Weak 2008 (Bloomberg)
Toyota Motor Corp.’s Lexus, Bayerische Motoren Werke AG’s BMW and Porsche SE posted increases in September U.S. sales as the makers of luxury autos benefited from weak year-earlier comparisons.

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LuxuryLab Daily Digest

Posted by Lauren Proctor on October 1, 2009

Will Consumer Spending Change Once the Recession Ends? (Huffington Post)
Two of the big questions facing marketing managers today are: (1) when will consumers open their wallets again; and (2) will consumers behave differently when they do?

Gilt Group’s Jetsetter Takes Off (CNN Money)
Online sample-sale company tries to bring its model to luxury travel.

The Wealthy Are Cutting Back on Thoroughbreds (Wall Street Journal)
Along with yachts, private jets, mansions and Ferraris, we can now add another elite asset class that’s ailing: thoroughbred horses.

Surprise! Incomes of the Rich Are More Volatile (Wall Street Journal)
Michael Moore and others on the far left correctly point out that the wealthy captured the bulk of the economic benefits during the boom times.

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LuxuryLab Daily Digest

Posted by Lauren Proctor on September 30, 2009

Art Market Poised to Plummet in October (Luxist)
Sotheby’s, Christie’s and Phillips de Pury have released their estimates for the October auctions, and late summer signs of confidence have disappeared.

Inside Look – Branding in the Digital Age (YouTube)
Analysis and discussion with Scott Galloway of NYU Stern School of Business

WWD Luxury Forum Recap: Reading the Winds of Change (WWD)
On Sept. 17, WWD hosted a one-day forum, “Luxury Redefined: Strategies for Success in the New Economy,” that drew together experts from the fashion, retail, media, automotive and marketing worlds to talk about how to cope with the bumpy road ahead.

Consumer Confidence Edges Higher in September (MarketWatch)
U.S. consumer confidence rose in September for the third straight month, even as consumers’ assessment of the current economy plunged to the lowest level in 15 years, the Conference Board reported Tuesday.

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LuxuryLab Daily Digest

Posted by Lauren Proctor on September 29, 2009

Asian Luxury Market Could Grow Between 5% and 7% Over Next 12 Months (Channel News Asia)
Asian consumers are still prepared to dip into their branded wallets to splurge on luxury products despite the global recession.

Cuts Meet a Culture of Spending at Condé Nast (New York Times)
At Condé Nast, it is consultants versus car service.

Everyone’s Doing It: Brands Take on Social Media (Women’s Wear Daily)
For fashion companies, 2009 is turning out to be the year of social media.

Luxury Car Market May Never Look the Same (MSNBC)
The Great Recession may have forever altered demand for high-end brands.

Will Hermès Acquire Asprey? (Fashion Week Daily)
Change continues to brew at Hermès as the company capitalizes on its phenomenal performance during the current recession by continuing to develop an aggressive growth plan.

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LuxuryLab Daily Digest

Posted by Lauren Proctor on September 28, 2009

Michael Kors Chanels Prada – In a Wearable Way (Wall Street Journal)
Michael Kors was channeling some minimalist and architectural looks from Prada and Francisco Costa’s Calvin Klein line. But he did it with typical Kors aplomb — the collection was eminently wearable.

New Chinese Buyers Redefine the Market (New York Times)
If you wonder how good the mood really is in China, forget the annual growth rate, the Shanghai Stock Exchange and the rest. Instead, look at what is happening in the auction market. Here, the news is stunning.

Designers Turn to the Practical (Courier Post Online)
The world of high fashion is coming down to earth a bit.

Luxury-car brands Shift Marketing Strategy (Miami Herald)
To boost sales, luxury-vehicle brands are now offering incentives and using marketing approaches that focus on fuel efficiency.

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