The Best Fashion News of the Week
Each week a lot happens in the fashion world especially that now that you add technology and the amount of “internet rising stars” in the mix. This almost “controlled” environment has been shocked by bloggers and new form of journalism worldwide, forcing the fashion industry to a shift in the ways things have been done these past 100 years. Now we as revellers, document the revealing changes happening weekly in the fashion world and keep you updated.
RVLLR Mots du Jour:
DESPITE rumours to the contrary in this weekend’s newspapers, we can confirm that Karl Lagerfeld‘s eponymous brand is not being sold by owner Apax. A report in this weekend’s Sunday Telegraph asserted that the company could be sold before the year is out, but a spokesperson told us this afternoon that nothing could be further from the truth.
Chinese consumers—famous for their appetite for designer bags and gold-plated iPhone cases—are now shying away from flashy logos and displays of wealth as a government austerity campaign shames officials who buy them. Sales of luxury goods, which include glitzy jewelry and couture, were down 1% last year in China, according to consulting firm Bain & Co via Wall Street Journal
Uniqlo is being “surgical” in its Canadian market entry, lest it face a disaster like the one that befell Target. Uniqlo, the Japanese clothier and retailer, is jumping into Canada with a plan to avoid some of the problems that have bedeviled other retailers who have tried their luck in the Great White North via Fortune
The strong dollar and threat of deflation may be wreaking havoc on European economies, but as an American consumer it has made me feel flush via New York Times
As Nike and Adidas announce new designer collaborations with Acronym’s Johanna F. Schneider and Junichi Abe’s Kolor, respectively, BoF examines the strategies behind the uptick in the fashion activities of the world’s leading sportswear giants via BoF
It was a brief stint for Target in Canada. Less than two years after opening there, Target announced last week that it would close its 133 Canadian stores. Some Canadian Target customers responded emotionally to the news on Target Canada’s Facebook website (“totally heartbroken,” “please don’t go,” “good riddance,” “you obviously don’t understand Canadians”) via Harvard Business Review
Two recurring questions I hear are: ‘How is Chinese luxury demand different to Japanese demand?’ and ‘As there is limited growth with the Japanese, what is the risk that growth moderates quickly now with the Chinese?’
via Business Insider