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fashion - Page 2

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    [#PromiseConsulting] [#Luxurylab] Une collection royale en préparation

    Meghan Markle sait comment mêler mode et entraide, en effet, elle prépare actuellement une collection capsule afin de lever des fonds pour Smart Works, une organisation qui vient en aide aux femmes isolées et sans emploi. 

    Une nouvelle fois, la duchesse parvient à suivre les protocoles tout en y apposant sa marque de fabrique. La collection, déjà très attendue par les fans de la duchesse, s'annonce chic et casual. Marks & Spencer, John Lewis & Partners, Jigsaw et Misha Nonoo sont les marques annoncées pour cette collection capsule. 

    Nous n'avons donc plus qu'à attendre pour découvrir les pièces qui la composeront. Une chose est sûre, le succès semble déjà garanti ! 

    [LIRE PLUS]

    Article de Cynthia Lahoma

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    [#PromiseConsulting][#Luxurylab] Une Fashion Week haute en couleur ! #Fashion

    Préparez-vous, la Fashion Week aura lieu le lundi 23 septembre à Paris et de nouvelles marques seront de la partie cette année. 

    Le planning de la Fashion Week est déjà relativement rempli, mais celui-ci ne devrait que s'alourdir puisque pas moins de huit nouvelles marques vont l'intégrer dès cette année. Sur ces nouvelles marques, seulement trois d'entre elles organiseront un défilé, pour les autres, le format sera plus modeste. 

    L'ouverture aura lieu avec la créatrice japonaise Mame Kurogouchi puis avec Kimhékim, un label piloté par une ancienne des studios Balenciaga. La troisième marque est celle de Léa Dickley et Hung La, Kwaidan Editions, qui faisait partie des finalistes pour recevoir le prix de l'Andam. Pour rappel, ce prix est destiné à lancer des jeunes stylistes talentueux sur la scène française et internationale. 

    La Fashion Week 2019 de Paris promet donc un programme haut en couleur avec pas moins de 77 défilés prévus en neuf jours. 

     

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    Article de Godfrey Deeny

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    [#Promiseconsulting] [#luxurylab] #Off-White devient la marque la plus populaire au Monde

    La popularité de la marque Off White à dépassé celle de Gucci en 2019.

    Les raisons de ce succès sont multiples, tout d’abord des articles streetwear ultra-pointus quis éduisent milléniaux et célébrités comme Kim K, Gigi et Bella Hadid, Rihanna, Nicole Kidman, Beyonce ou encore Anna Wintour, qui n’hésitent pas à s’afficher sur les reseaux sociaux avec les pieces de le marque.

    Le digital est donc un élément indispensable au succès de la marque.  De plus, la marque organise de nombreuses collaborations avec des marques comme Evian, Ikea, Nike, Converse ou encore Rimowa la rendant dès lors accessible aux plus petits budgets.

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    [#LUXURYLAB] #HandPicked: An #Italian #Denim Brand Aimed At Creating A Better #Environment

    Responsibility and empathy seem to be the new buzzwords in the fashion industry. Apparel brands are now holding themselves accountable with everything from workforce conditions to environmental sustainability via @Forbes http://bit.ly/2Un4GjY

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    [#Luxurylab] Italie : un redressement fiscal de plus de 1,4 milliard d’euros pour @Kering

    Kering risque un redressement fiscal d’environ 1,4 milliard d’euros en Italie, selon un premier « audit » rendu par les autorités fiscales de la péninsule. Celles-ci soupçonnent le géant français du luxe d’avoir déclaré en Suisse des activités menées en Italie, via sa filiale Luxury Goods International (LGI), pour bénéficier d’une fiscalité plus favorable via @LeMonde https://lemde.fr/2HA7qZL #luxury #Promiseconsulting

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    [LUXURY LAB] [RETAIL] | #EBay partners with #fashion #marketplace #Spring | @CNBC

    FROM LAURENT THOMAS | @CNBC | http://cnb.cx/2y0xqEb

    #EBay partners with #fashion #marketplace #Spring in growing rivalry with #Amazon, #Wal-Mart

    As Amazon, Wal-Mart and Target work faster than ever to beef up their e-commerce operations, one of America's earlier internet marketplaces has fallen off some shoppers' radars. But don't count eBay out of the race to the top.

    The company is partnering with Spring, a New York-based fashion e-retailer, to bring hundreds of big-name accessories and apparel brands to ebay.com. Shoppers will now be able to browse the looks of David Yurman, Rag & Bone, Mango and Chloe on eBay's website, the same site that lets customers bid on toys, power tools and motorcycles. Like its retail rival Amazon, eBay's in the business of everything.

    Ebay, Amazon, Fashion, Spring, marketplace, Wal-Mart

    EBay's latest move shows the e-retailer is still trying to grow its online marketplace and shed from its image any perception of poor quality or too much hassle. Today, more than 80 percent of merchandise sold on eBay is new, and nearly 90 percent of items bought on the website are purchased without a bidding component.

    It also reflects a bigger shift in the industry. "The Spring and eBay partnership is evidence of a growing trend in which retailers are partnering — instead of competing — with other retailers," Jill Ramsey, vice president of merchandising at eBay, said.

    "With Spring, we can bring even more coveted merchandise to our buyers, making it easier than ever to discover their own version of perfect."

    The Spring storefront on eBay's website will function like a boutique, the companies explained, where shoppers should be pleased to find more of their favorite brands in one place. At least that's the goal, as consumers today are faced with more options of places, both online and offline, to ring up purchases.

    It's not the exclusivity factor that sets Spring apart from other retailers or online players — Coach and Michael Kors, for example, can be purchased via many outlets. Spring, though, has managed to curate an assortment of hundreds of fashion-forward brands, all within one site, and now it hopes to bring that same concept to eBay, making the internet marketplace a "dedicated destination" for women looking for Bobbi Brown makeup or a pair of Tory Burch sandals.

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    @Hermes_Paris : Morphing into a #megabrand | via Luca Solca Exane BNP

    JANUARY 2017 | LUCA SOLCA | EXANE BNP

    HERMES INTERNATIONAL: HERMES MORPHING INTO A MEGA- BRAND

    [TO CONTACT US]

    The Hermès paradigm (as we saw it)
    Over time, Hermès has built a most enviable position in the luxury goods industry (The Epitome of Modern Luxury). This - in our view - was built on four pillars: 1) frustrating demand for its iconic leather models; 2) using adjacent product categories to provide accessible entry price points (Entry Price Points and the real Nature of Luxury Goods), while keeping the core leather products expensive and out of reach (Category Segregation); 3) sticking to organic growth and avoiding acquisitions; and 4) maximising retail space productivity and ROIC.

    Hermès is changing ...
    Hermès seems to be moving away from its tried-and-tested formula of frustrating demand for its iconic products. It has, in fact, increased leather goods manufacturing capacity over the past few years. The principle of 'category segregation' also seems to have been discarded, as consumers can buy Hermès handbags at significantly lower prices and just north of EUR1,000. These are not Birkin or Kelly, obviously, but they are still Hermès handbags: Evelyne, Garden Party, Picotin, etc.

    ... and morphing into a Mega-Brand
    We think that 'demand frustration' and 'category segregation' were the two traits that set Hermès apart from mega-brand peers. With these gone, the 'genetic difference' between Hermès and - say - Louis Vuitton is more difficult to identify. Hermès is still more desirable in the eyes of some consumer nationalities (Measuring Brand Exclusivity and Desirability - China), but this seems more a difference in 'intensity' than in 'nature' as other consumers seem to have the opposite perception (Measuring Brand Exclusivity and Desirability - France).

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    Behind Hong Kong’s Failing Appeal as a Luxury Destination | #HK #luxury

    FROM OBSERVER.COM | BY JEENA SHARMA | JANUARY, 03 2017

    Chinese shoppers are no longer blinded by bling, visitors can get better deals elsewhere

    The latest dent in Hong Kong’s flailing retail market came with U.S. clothing brand Abercrombie & Fitch calling time on its flagship store two years before the end of its lease.

    The city, which has witnessed a consistent luxury slump since 2013, saw many major brands such as Ralph Lauren, Forever 21, Prada and Paul Smith pull out flagships earlier this year. Italian luxury clothing and accessories label Tonio Lamborghini also shut more than 10 of its stores and in-store counters in the city. Official Hong Kong government data shows a consistent decline in retail sales since 2013 through 2016, when sales reached their lowest point. While Abercrombie & Fitch, which is battling with its own financial instability, blames exorbitant rents (HK$7 million ($0.9 million in monthly rent) as the prime reason, for other brands the picture is less clear.

    With the amount of Mainland Chinese shoppers the city was host to, Hong Kong was once hailed as the ‘Great Mall of China.’  However, Chinese shopping tourism hit a major lull post the anti-corruption crackdown initiated by President Xi Jinping in 2012. The initiative, intended to eliminate corruption of  high profile Chinese government officials had the biggest negative impact on the retail market, particularly in luxury. The high exchange value of the Hong Kong dollar further contributed to the weakening of  the city’s position as a retail destination, as the territory price advantage gradually diminished for Chinese tourists.

    “Shopping in Hong Kong is no longer a bargain for Chinese tourists. The traveling Chinese consumer is now opting for alternative destinations like South Korea, Japan, or Greece. These are places with a little bit more character, a distinct point of view, or places that offer experiences beyond shopping,”  Saisangeeth Daswani, Advisory Strategist at innovation and trend research corporation, Stylus, told Observer.com.

    The evolving tastes and aesthetic of the Chinese consumer seem to be another important factor responsible for the retail shift. While Hong Kong offers some of the best-known designer stores in the world, it fails to attract the increasingly sophisticated and well-informed shoppers from abroad. Both domestic and foreign consumers in the city have become smarter about where to find products for the lowest prices and demand more in return for their money.

    “What’s key for luxury brands in Hong Kong is to consider the consumer’s changing mindset and offer more immersive, unconventional and discovery-based experiences,” said Daswani. “The luxury brands have been too focused on products, prices and sales. Consumers want more from their purchases than simply getting their hands on the latest accessory, they want an experience, a story to tell.”  Studies indicate that Chinese consumers now look to distinguish their choices from the most obvious mainstream brands and regular edition products. Flashy logos and shiny watches just don’t hold as much appeal as they did anymore.

    “The Asian consumer’s style sense is evolving, and their fashion purchasing behavior is becoming more European. The appeal of the preppy look is diminishing and people don’t see the need to buy luxury when attractive premium brands offer similar looks,” agreed Jaana Jätyri, CEO at trend forecasting agency, Trendstop.

    louis vuitton, fashion, luxury, hong-kong

    Since most of the luxury category brands are only accessible to the Chinese shopper who is able to travel beyond China, many have opted to simply shop online, much like the American consumer.

    Prada, which also closed much of its primary stores in the city, indicated the brand will now cater to the Chinese market through e-commerce. “The Hong Kong closure is part of a worldwide, strategic realignment of brand retail channels. Over the next two years, Prada will strengthen its own e-commerce platform, giving priority to China, Hong Kong and Singapore with the objective of achieving global reach,” an official spokesperson for the company told the Observer.

    prada, fashion, luxury, hong-kong

    While this could eventually strengthen a new shopping model for the country, unfortunately it means more woes for Hong Kong’s traditional retail market. However, Daswani believes all hope is not lost. As retail rents in Hong Kong continue to fall as a result of high end departures, mid-market, ‘contemporary fashion’ and affordable luxury brands are jumping in. Moreover, analysts predict that if the exchange values of the HK dollar stabilize in 2017 leading into increased consumer confidence, retail sales may slowly recover during 2018 in Hong Kong, albeit in a different kind of retail store.

    Whether the city will regain its status as a hot shopping heaven, only time will tell. As of now, an overall uncertainty clouds the Hong Kong luxury market, and it’s up to the retailers to adapt to the new consumer interests and adjust to this broadening notion of luxury. Elsewhere, shoppers are experiencing a rise in customization offers, one offs, local exclusive pieces, limited editions and in-store exclusive events, Hong Kong retailers may need to catch up.

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    In 2017’s, #luxury brands will have to work a lot harder to sell their pricey goods | @adetem @

    FROM QUARTZ MEDIA LLC | WRITTEN BY MARC BAIN | 24 JANUARY, 04 2017

    Last year was a bad one for many companies selling expensive fashion, handbags, and jewelry. For the first time since the financial crisis of 2008, the global market for personal luxury goods failed to grow, stalling at €249 billion (about $258 billion).

    luxury, china, fashion, growth, bnp, exanebnp

    The good news is that 2017 should see a return to growth, according to a Dec. 28 report on the global luxury market by management consulting firm Bain & Company, only it won’t look anything like the boom years from 2010 to 2015, when global sales of such goods jumped 45%, fueled by Chinese consumers with high-end appetites. The slowing of China’s economy and its government’s ongoing crackdown on corruption, paired with turmoil in the US and Europe from Brexit, terrorism, and the US presidential election, have created a “new normal” of low single-digit growth and intense competition. The years ahead will produce “clear winners and losers,” Bain says, determined by which brands can read the field and respond best.

    China is at the center of this shift. Today Chinese shoppers account for 30% of all sales of personal luxury goods. While Bain foresees the Chinese market improving again after contracting slightly in 2016, it isn’t likely to return to its former rate of expansion, which insulated brands’ bottom lines from other problems. “We expect around 30 million new customers in the next five years coming from the Chinese middle class,” Claudia D’Arpizio, a Bain partner and lead luxury analyst, told Quartz in an interview last year. “But this is nothing comparable to the past big waves of demographics entering [the market]. This new normality will mean mainly trying to grow organically in the same consumer base, being more innovative with product, more innovative with communication.”

    Exane BNP Paribas echoed the thought in a December research note to clients. “The peak of the largest nationality wave ever to benefit luxury goods is behind us,” the authors wrote. “Brands need a new paradigm, other than opening more stores in China and bumping up prices.”

    The period luxury is entering could see some of its slowest growth since it started opening up to a mass audience around 1994. That was the year, D’Arpizio noted, that “the jeweler of kings and queens,” Cartier, launched its first lower-priced line for mainstream consumers. Other brands followed in search of greater sales, and names “like Gucci, Prada, also Bulgari were really growing, doubling size every year, sometimes triple-digit growth rates, opening up to 60 stores every year and covering all the capitals across the globe,” she said.

    Around 2001 came another period of expansion when brands became global retailers, not just selling wholesale, amid a spate of acquisitions that would eventually create today’s giant luxury conglomerates, including LVMH and Kering (previously Gucci Group). By the time of the financial crisis, luxury had conquered much of the US, Europe, and Japan, and then China came along to offer more unfettered growth.

    There’s no new China, however, at least not now. The next big luxury market is likely Africa, particularly countries such as Congo, Angola, and South Africa. But D’Arpizio estimated this scenario won’t come about for seven to 10 years, meaning only moderate expansion for some time.

    “In the new normal, we expect a compound annual growth rate (CAGR) of 3% to 4% for the luxury goods market through 2020, to approximately €280 billion,” Bain’s report says. “That is significantly slower than the rapid expansion from the mid-1990s to the late 2000s.”

    Other characteristics of this new period include more shoppers making purchases at home. Last year, local purchases exceeded tourist purchases by five percentage points, the first time since 2001 that has happened.

    And digital sales will keep growing. Last year they accounted for 8% of the industry.

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    #Burberry added fuel to the conversation surrounding the "see-now, buy-now movement" | @buberry @adetem #luxury

    ARTICLE PARU DANS LE LUXURY DAILY | DECEMBER 2016 

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    Burberry's early adoption

    British fashion label Burberry came in behind Chanel [2016 LUXURY MARKETER OF THE YEAR],  placing as second runner's-up for its first-mover status.

    Burberry added fuel to the conversation surrounding the see-now, buy-now movement, announcing early in the year that it would be changing its runway show schedule. This move consolidated its presentations to two a year, showing men's and women's collections together (Burberry updates fashion calendar to meet global demand).

    The brand also took a different move when it enlisted Brooklyn Beckham to shoot a campaign, having the teenage son of David and Victoria Beckham capture the experience on Snapchat (Burberry targets younger market using Brooklyn Beckham, Snapchat).

    Burberry was became the first fashion label to create an Apple TV app, becoming the first brand to broadcast a fashion show on the platform (Burberry launches on Apple TV with menswear show live-stream. When launching the fragrance My Burberry Black, Burberry took advantage of a bevy of newer social media tools, such as Instagram Stories and a Snapchat filter, to create a mood around the scent.

    While unseated by Gucci in this year's L2 rankings, Burberry was positioned in second place, also showing Genius-level sill in digital.