What did Jimmy Choo do right last year? Just about everything it seems. The luxury firm said this morning that it had a record year and was on a roll as far as shoes, men’s product, accessories (especially its Lockett bag) and licensed products like perfumes and eyewear went. OK, it wasn’t a perfect year…
Burberry had a lot to shout about this morning and while it wasn’t all good, most of it was after Q3 showed that it’s on track for a recovery from the battering that has dented much of the luxury sector in recent periods. First the facts: It sold a lot of product (much of it…
We’ve heard about pureplay e-tailers adding stores to maximise omnichannel opportunities. And we’ve heard about physical retailers boosting their online ops. But it’s rare that we hear about brands going pureplay, outside of a few tiny indies who’ve realised that trying to make a little store on a local high street pay is madness when…
Now that’s what I call a trading statement. SuperGroup I mean. In the same week as M&S reported retail Armageddon and online sales barely moving, SuperGroup today said the half year to October 29 saw group revenues up 31.1% to £334m and its online sales soared 25%.
Luxury handbags may not be doing as well as they used to at the moment but expensive not-quite-luxury bags with cute stuff one them seem to be holding their own. At least Kate Spade’s are – just. The company said yesterday that its net sales rose 14.1% in Q3, which is a lot better than…
Handbags have been having a tough time this year. So has luxury. So what do you do when you’re a luxury handbag maker? Probably get down on your knees and be thankful you’re keeping your head above water. Coach on Tuesday showed that it’s certainly managed to avoid drowning but it’s a close thing. Its…
Kering’s Q3 sales figures are out and what have we learned? Gucci’s doing well, no make that GREAT. And Saint Laurent is doing even better for the luxury conglomerate that’s the one to watch these days, even though it used to be a little dull compared to rival LMVH.
There’s big change due at Prada. The company that was always known for being ahead of trend has finally discovered that new-fangled thing called the internet and has a bold new strategy to make the most of this great innovation. After all, analysts think online sales already account for around 2% of Prada group sales.…
Michael Kors and Ralph Lauren have a headache. Their very American versions of luxury and their close links to department stores just aren’t delivering growth these days.
All company results are interesting but some are undeniably more interesting than others. Which is why the premium-to-luxury handbag trio of Michael Kors, Kate Spade and Coach is such a fascinating roller coaster read. The story so far: Coach really owns premium accessories for much of this century but then falters and brings in Stuart…
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