Posts Tagged ‘Retail’

Neiman Marcus Gifts Go Luxury Lite

Posted by Lauren Proctor on October 7, 2009

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. (The Globe and Mail)

Posted in Retail | Tagged: , , , , | Leave a Comment »

WWD Luxury Forum Recap: Reading the Winds of Change

Posted by Lauren Proctor on September 30, 2009

The recession has bitten into the luxury category just like any other sector. 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. (WWD)

Posted in Consumers, Retail | Tagged: , , , , , , | Leave a Comment »

LuxuryLab Daily Digest

Posted by Lauren Proctor on September 24, 2009

E-Commerce Is Getting Chinese to Loosen Their Purse Strings (New York Times)
For all the talk that the Chinese are spending too little, business is booming for the country’s online retailers, heralding the emergence of young, affluent consumers who will reshape the global economy over the next decade.

The Rich Expect to Get Richer Next Year (Wealth Bulletin)
Nearly 80% of the world’s wealthy expect to grow their wealth in 2010, according to new research revealing remarkable confidence among the world’s wealthy.

Halogen Paves The Way for Ivanka to be Queen of Brand Tweet (Halogen Network)
Ivanka Trump’s followers have doubled since the Digital IQ Index mentioned Trump Hotels (tweeting as @ivankatrump) as a “luxe expemplar.”

Luxury Retailers See Rents Drop Globally (CBS News)
The average price to rent space in some of the world’s most exclusive shopping districts dropped by the largest amount on record last year, a global survey has found.

CEO of Richemont’s Lange & Soehne Steps Down (Reuters)
The head of watchmaker Lange & Soehne, part of Swiss-based luxury goods group Richemont (CFR.VX), has stepped down due to differences of opinion over strategy, the German watch brand said.

Posted in Daily Digests | Tagged: , , , , , , , , , , , , , | Leave a Comment »

Luxury Retailers See Rents Drop Globally

Posted by Lauren Proctor on September 24, 2009

The average price to rent space in some of the world’s most exclusive shopping districts dropped by the largest amount on record last year, a global survey has found. (CBS News)

Posted in Retail | Tagged: , , , , | Leave a Comment »

Affluent Singapore Attracts Luxury Retailers in Force

Posted by Lauren Proctor on September 15, 2009

Luxury fashion brands are wafting into Singapore in droves, betting on the city-state’s ambitions of becoming a playground for Asia’s super-rich as it recovers from its worst-ever recession. (Reuters)

Posted in fashion, Retail | Tagged: , , , | Leave a Comment »

Luxury Brands Look to China

Posted by Lauren Proctor on September 15, 2009

With the future of our global economy still uncertain, more and more executives are looking to China, specifically to the Chinese consumer — who just might be able to lift the global economy out of recession. (Harvard Business)

Posted in Consumers, fashion, Retail | Tagged: , , , , | Leave a Comment »

LuxuryLab Daily Digest

Posted by Lauren Proctor on September 11, 2009

Attempting a Stimulus Package For Retailers (New York Times)
New York City, for one night, seemed to forget that there was a recession.

“Consumer is King” as Luxury Goods Houses Rethink Their Strategy (News Blaze)
“The consumer is king” and will benefit from the global economic recession as luxury houses rethink their business strategy, writes Tina Gaudoin, editor-in-chief of WSJ.

High End Fashion’s Moment of Truth (New York Times)
The fabric in the hands of Thakoon Panichgul, one of Michelle Obama’s favorite designers, is exquisite.

Neiman Marcus Opens first Northwest Store (Bloomberg)
Neiman Marcus Group Inc. will open its first store in the Pacific Northwest tomorrow, betting luxury retail can survive the recession in Seattle suburbs where median income is as much as four times the U.S. average.

Recession Forcing Retailers to Think Small (AP)
The Great Recession and Americans’ retreat into thriftiness are teaching retailers a new lesson: How to survive when consumers are focused on “needs” rather than “wants.”

Posted in Daily Digests | Tagged: , , , , , , , , , | Leave a Comment »

Recession Forcing Retailers to Think Small

Posted by Lauren Proctor on September 11, 2009

The Great Recession and Americans’ retreat into thriftiness are teaching retailers a new lesson: How to survive when consumers are focused on “needs” rather than “wants.” (AP)

Posted in fashion, Retail | Tagged: , , , | Leave a Comment »

Waiting for Deep Pockets to Open

Posted by Lauren Proctor on September 10, 2009

In this new era of frugality, well-to-do shoppers have gone into hiding and stowed away their splashy logos. But they may hold the key to a consumer recovery. (Washington Post)

Posted in Retail | Tagged: , , , , | Leave a Comment »

LuxuryLab Daily Digest

Posted by Lauren Proctor on September 7, 2009

Burberry May Speed U.S. Growth On Property Deals (Bloomberg)
Burberry Group Plc, Britain’s largest luxury-goods company, may accelerate plans to open U.S. stores as premium shop space becomes available at cheaper prices, Chief Financial Officer Stacey Cartwright said.

When Cheap Is Exclusive (The Economist)
Hard times for luxury retailers are good times for discount fashion websites.

As Champagne Fizzles, Makers Squash Supply (Wall Street Journal)
Champagne producers agreed to pick 32% fewer grapes this year, leaving billions of grapes to rot on the ground, in a move to counter fizzling bubbly sales around the world amid the economic downturn.

Posted in Daily Digests | Tagged: , , , , , , , , , | Leave a Comment »