the luxury industry seems to be doing poorly, with saks' sales down by a whopping $99 million, neiman marcus down an even more astonishing $509 million, barney's holding all orders for spring collections until their finances are sorted out, and tiffany's eliminating their pearl jewelry in stores.
lvmh and hermes, however, seem to be faring much better: both report higher sales this season. so how do they do it? according to marketwatch, handbags are still on-trend for the masses (even though most fashionistas confirm that the it-bag is no longer fashionable, and i agree). it's a bad time to be in retail.
i say this, yet the wsj declares that my beloved zara seems to doing juuust fine, reporting improved sales amongst young shoppers, and challenging the gap as a top retailer in the states. cheap and chic is in, and even tha kaiser agrees (to a point). more on him next.
No comments:
Post a Comment