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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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POPSJ.Crew Cuts Yet another fashion company has cut staff. Check out our take: Looking For Work In The Fashion Industry: http://www.forbes.com/2009/02/23/jobs-fashion-employment-leadership-careers_fair.html
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POPSSnooty Salespeople Make Nice Ever feel like Julia Roberts in Pretty Women when walking into a a high-fashion boutique? Today, retailers can't afford to put on airs, according the the NYT.
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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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POPSRetailers Fight Recession Whether they're opening stores in Russia or launching fashion-focussed lines, retailers won't succumb to the economic downturn.
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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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POPSGood News For Retail Stocks including American Eagle and Sears Holdings Corp. benefited from the Fed's interest rate cut. It seems to be one of the few sectors looking up.
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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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