Luxury Brands Move into Chinese E-Commerce Space Salvatore Ferragamo is the latest luxury brand to move into Chinese E-Commerce following moves by other retailers such as Net-A-Porter, Yoox, Zara, Armani, and Coach. Luxury house’s sales in China grew 36% first quarter of 2012.In 2011, online retail generated about $121 billion in sales. Ferragamo‘s online retail … Read more
Saks Incorporated Announces Opening of Saks Fifth Avenue Store in Almaty, Kazakhstan The growing and vibrant Almaty, Kazakhstan has its own tri-level, approximate 91,000 square foot Saks Fifth Avenue store – the first of its kind in Kazakhstan. The new store will include a VIP Club for both women and men and offer an ongoing … Read more
Marc Jacobs opens two European bookstores The book sections in Marc by Marc Jacobs stores proved a hit with customers. Following the Karl Lagerfeld’s example, the designer who created his own Parisian librairie 7L back in 1999, Marc Jacobs fashion house decided to get into the bookstore sector by opening two new Book Marc locations … Read more
Deloitte forecasts 3.5 to 4 percent increase in holiday sales. Deloitte’s retail & distribution practice expects total holiday sales to climb to between $920 and $925 billion, representing a 3.5 to 4 percent increase in November through January holiday sales (excluding motor vehicles and gasoline) over last season. This growth rate is below last year’s … Read more
A must for the luxury-minded traveller, the Louis Vuitton’s 2013 City Guides are, as asual, “packed with hidden gems and unique experiences”. San Francisco Bay will be available for the first time as an individual volume and will be retailed starting with October 15th (224 pages; retail price US$35). The LV travel guide explores … Read more
Guerlain Le Bolshoi Saison 2012 La Traviata by Guerlain – Edition Limitée Guerlain, the official sponsor of Bolshoi Theater, is launching a 2012 edition of the ultra-limited Guerlain LE BOLSHOÏ perfume, celebrating the partnership of the two prestigious houses. The Bolshoi Ballet and Bolshoi Opera are amongst the oldest and most renowned ballet and opera companies … Read more