Three important reports in the news lately; to us, at least.
1. Affordable Luxury Bucks the Crisis (NYT)
Brands like Tommy Hilfiger, D&G from Dolce & Gabbana, or Tory Burch, all selling below the luxury designer category, are growing now because they expanded or reorganized, repositioned collections or introduced new lucrative lines before the first signs of the recession.
2. Boutiques close as recession reshapes high street
Fashion retailers emerge among the recession’s leading casualties, with independent shops proving less able to weather the downturn than giants such as Next, Marks & Spencer and Debenhams.
3. Questioning the value of designer brands
Brix Smith-Start, owner of London boutique Start and a big stockist of expensive, high-end labels, believes prices are reaching ridiculous levels. “There were a few designers – I’m not naming names – who were creaming it for a while,” she says. “Nine hundred pounds is just too much for a blouse, I don’t care if it’s spun from gold. It’s just too much – unless you’re a sultan’s wife or very rich, but that’s a very small percentage of the world – even smaller now.”