Posts tagged with 'luxury':

At department stores, "you have a good chance of happening on a harmonic convergence that occurs maybe once in a generation." (New York Times) 

Fashionista has rounded up a list of stores in New York with deep discounts.(Fashionista)   read more »

Diet Coke will launch an online fashion show called Style Series starring Rihanna (Fashionista)

Stephen Webster is now creative director of Garrard. (WWD)

Luxury goods companies are economizing. (International Herald Tribune)  read more »

Wholsesale prices for U.S.-produced goods slipped into a record slump for October, adding to an already dismal economic climate. (WWD)

After halting several store renovations, Saks said it may shutter certain outlets if they fail to draw enough of its wealthy customer base. (Forbes)  read more »

By offering everything from discounts to champagne parties, many European luxury goods houses are wooing bloggers and infiltrating social networking sites "to entice a new breed of customer, better leverage their ad budgets, and ultimately sell more products." (WWD)  read more »

With the fall selling season one of the most disastrous to date, retailers slash prices a month earlier than usual. (WWD)

Hosiery might just be the new lipstick when it comes to fashion-related economic indicators. (WSJ)  read more »

Marc Jacobs has signed a licensing deal with Staff International to produce and distribute its products starting with the s/s '10 collection. (WWD)

 In the US, pawnshops are doing "brisk business." (USA Today)  read more »

In a harbinger of things to come, the CEO of UK chain Next predicts a hefty rise in British apparel prices next summer if the pound/dollar exchange rate stays at current levels. (Guardian)  read more »

Small fashion businesses are the most vulnerable during periods of economic downturn. As if the luxury market itself isn't seeming bleak enough! Two labels founded by Danish designers have now been shuttered. We've just learned that London-based Danish designer Jens Laugesen, known for his minimalist and androgynous designs, has closed his signature label after six years. The news follows last month’s announcement that Danish luxury brand Camilla Staerk was shut by its owner, Danish fashion giant Bestseller. Both have cited a lack of investment and declining sales.  read more »

In another sign that the luxury market is in for a dark age, a new report from MasterCard shows luxury sales down 20 percent in October from a year earlier. (WSJ)

Gawker gushes over Barack Obama's interview with Sway, MTV's official hip hop ambassador, on which the new American president urged his fellow brothers to "pull up your pants!" (Gawker)  read more »

In March, Versace veteran Marco Zanini will relaunch the Rochas clothing line, which parent Proctor & Gamble shuttered two years ago. (International Herald Tribune)

To the Guardian, the biggest fashion story of the year is about industry racism — here, they talk to the Bethann Hardison, the woman who started it all. (Guardian)  read more »