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POPSLuxury Brands Refuse To Predict The Future Even luxury brands that have fared well during the recession are hesitant to forecast sales for the end of 2009 or 2010. Check out our latest coverage on the luxury industry: http://www.forbes.com/2009/03/19/hermes-lvmh-ppr-markets-equity-luxury.html
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POPSHermes Sales/Net Up Hermes posted strong sales for the fourth quarter of 2008 and will open 12 new stores this year. Handbags and scarves are most popular.
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POPSA Shopper's Market Luxury goods will again be deeply discounted, says the Times. Here's our take: http://bit.ly/HnPE
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POPSLuxe Online Retailer Still Winning Net-a-Porter, a high-end fashion web retailer, saw sales reach £55.2 million in 2008, a 67% increase over 2007. Here's our take on luxury retail online: http://www.forbes.com/2008/10/08/shopping-online-spending-forbeslife-cx_ls_1008style.html
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POPSLagerfeld Says The Internet Makes Luxury Look Cheap Chanel designer--and fashion superstar--Karl Lagerfeld says that the internet does not convey "the unique feel and sophistication of luxury materials," and is aiming to ensure a law that allows brands to control who sells their goods on the internet stays in place after 2009. Here's our story about how luxury lovers shop online: http://www.forbes.com/2008/10/08/shopping-online-spending-forbeslife-cx_ls_1008style.html
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POPSSaks Breaks Out The Guillotine Unsurprisingly, the struggling high-end department store laid of 1,100 corporate employees yesterday. Here's our take on what Saks customers really want: http://www.forbes.com/lifestyle/2009/01/13/luxury-spending-rules-forbeslife-cx_ls_0113style.html
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POPSOnline Retail Still On The Rise Forrester research predicts a 12% increase in online sales for the holiday season, which is still the slowest growth to date. Here's our full story: http://www.forbes.com/2008/10/08/shopping-online-spending-forbeslife-cx_ls_1008style.html
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POPSLVMH Still Going Strong I wish I wasn't about to get on a plane, because I'd really like to sink my teeth into this fascinating piece of news. LVMH sale third quarter sales increased by 6%. That's pretty incredible considering the state of the global economy. Here's our take from last quarter: http://www.forbes.com/2008/08/26/style-luxury-earnings-forbeslife-cx_ls_0826earnings.html
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POPSPhilo's Back Former Chloe designer Phoebe Philo will return to LVMH as creative director of Celine. The last big name to hold that position was Michael Kors.
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POPSTiffany Continues To Wow We reported yesterday the success of Tiffany. Check out our in-depth story on the state of luxury brands: http://www.forbes.com/2008/08/26/style-luxury-earnings-forbeslife-cx_ls_0826earnings.html?feed=rss_news
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POPSGucci's Cachet Disintegrating Despite the fact that PPR is excpected to report an increase in sales for the Gucci brand, the slowdown in US consumption tells fashion critics that the brand's high-end cred is fading. Check out our story on Hermes, one of Gucci's biggest competitors: http://www.forbes.com/business/2008/07/22/hermes-luxury-earnings-biz-cx_ls_0722hermes.html
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POPSDerek Lam Joins Luxury Goods Group In a down economy, retail and fashion companies tend to dive deep into the M&A game. Although we don't know how much of his company Derek Lam sold to luxury goods holding group Labelux, we do know that they're planning on taking his brand global.
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POPSeBay Pays Off Hermes In France, luxury goods house Hermes sued eBay for selling counterfeits. The courts sided with Hermes, and now eBay has to pay up.
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POPSFerragamo to India Like Stella McCartney, Ferragamo plans to open up shop in India. Check out our story on Ferragamo's planned IPO, which has been in the works for years now: http://www.forbes.com/collecting/2006/11/15/fashion-public-offering-forbeslife-style-cx_ls_1116house.html
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POPSBest Airports For Shopping WWD says several European airports are becoming luxury shopping hotspots. Here's our take on the best spots worldwide: http://www.forbes.com/home/2007/04/05/airports-business-shopping-forbeslife-cx_ls_0406airportshopping_slide.htm
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POPSLVMH Buys Hublot They already own threen luxe watch companies and now LVMH has acquired Swiss watchmaker Hublot.
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POPSCoach Dodges Recession Maybe aspiration luxury buyers aren't pulling back. Coach reported a 19% sales increase for their third quarter.
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POPSLuxury Industry Finally Feeling Pain Although both Saks Inc. and Neiman Marcus Group reported healthy quarters, the same store sales in February were another story. Saks fared OK, with a 3.4% increase, but Neiman's sales decreased 7.3%. Even if the truly high-end merchandise still sells, it looks like aspirational luxury purchases are slowing.
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POPSDillard's Inc. Does Aspirational Luxury Dillard's is planning a move on up, aiming to attract a customer that wants something a bit higher-end than Macy's but not so high-end as Nordstom's. We're guessing that means they'll be going head-to-head to Lord and Taylor, who have also been struggling to reach an audience. Check out our coverage on the state of luxury spending: http://www.forbes.com/2008/02/01/luxury-spending-retail-forbeslife-cx_ls_0201highend.html
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POPSLevi Benefits From Weak Dollar Levi Strauss & Co. made money abroad in the fourth quarter, since they charge quite a bit more for denim in places like London than they do in the US (Think 80 GBP -- or $160 dollars -- for a standard pair, rather than $40). However, that bump was offset by poor sales in North America. Want to see how the luxury labels are doing? Check out our story on luxury spending: http://www.forbes.com/2008/02/01/luxury-spending-retail-forbeslife-cx_ls_0201highend.html
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POPSDior Does Well in 4th Quarter Christian Dior cites strong sales in the 4th quarter of the last fiscal year. Check out our story on the state of luxury spending: http://www.forbes.com/2008/02/01/luxury-spending-retail-forbeslife-cx_ls_0201highend.html
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POPSHermès 4th Quarter Good For Luxury Hermès' successful 4th quarter suggest that pure luxury will not lose its luster during this economic slowdown in the US. Check out our story on the state of luxury spending: http://www.forbes.com/2008/02/01/luxury-spending-retail-forbeslife-cx_ls_0201highend.html
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POPSCoach Does Russia The aspirational luxury company plans to open 15 plus stores in the Russia within the next five years.
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POPSThe Best Investment? Chanel Couture Sarah Mower reviews the Chanel couture show, delving into the long-lasting value of the luxury brand's signature piece -- the boxy jacket. Interested in the world of couture? Check out my story: http://www.forbes.com/2006/06/27/haute-couture-fashion_cx_ls_0628feat_ls.html
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POPSU.S. Luxury Sales Declining Like the rest of the apparel industry, luxury retailers are suffering, according to this piece by WWD. A precursor to this was the difficulty Coach -- a "low-end luxury" brand -- experienced in 2007. Read my piece on Banana Republic for more on the difficulties facing this sector: http://www.forbes.com/facesinthenews/2008/01/06/kneen-banana-republic-face-markets-cx_ls_0104autofacescan03.html
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