Blacks Senior Consultant and Founder Steve Pruitt will be appearing on CNBC's Power Lunch program Monday, Dec. 22.

Steve will be talking about holiday sales, retailers' markdown strategies and much more.

Catch him at 9:15am PT/12:15 pm ET on your local CNBC station!

Posted by Blacks at 04:01 AM   |   Comments (0)

Thanksgiving weekend ended on a positive note after a Black Friday sales spike put a little more revenue into retail coffers. Merchants in cities such as Boston and Manhattan were able to feed customers’ continued desire for trend and lux product by offering discounts of up to 70%.

Indeed, the slowing demand for full-priced luxury product was evident in the extent of retailers’ markdowns. Saks Fifth Avenue was showing Zegna at 50% off while Barney’s marked Lanvin dresses down by a third. The reduced demand has left fashion insiders wondering just what kind of products and promotions it will take to keep customers shopping.

There is a bright spot and that is that well-heeled shoppers still need and desire luxury product for the holidays and New Year and they could clear out the reduced amount of full-priced inventory. If that happens, 2009 could begin on a brighter note.

Posted by Ashley Pruitt at 09:20 PM   |   Comments (0)

The Spring ’09 runway shows took Paris by storm last week, showing some of the best fashions we’ve seen for the season so far. This says a lot, given the overall high quality of merchandise that designers have been producing lately. Both the New York and Milan shows were impressive, but Paris took the prize. Here’s a rundown of our favorite shows, and their trends:

Balenciaga:

• Futuristic, sci-fi influence
• Use of paper-thin metallic apparel and accessories.
• Pale and crinkled fabrics mixed in with A-line structures and symmetric cuts

Balmain:

• ‘80s and rocker chic – a classic sexy Balmain attitude
• Crystallized and acid-ripped details mixed with a fresh shoulder and skinny cuts

Dries Van Noten:

• Inspired by “bold Russian paintings”
• Sportswear, creating a more wearable collection
• Modernist and graphic styles
• Optical illusions using black and white - boxes, grids and graphs
• Layering Prints
• Box prints
• Big, silver bauble necklaces

Mui Mui:

• Urban decay
• ‘80s- graffiti mix with Japanese details and pleating
• Distressed fabrics dotted with fraying holes
• Burlap and satin fabric
• Roman mosaic prints – classical references
• Old school art meets modern

Stella McCartney:

• Jumpsuits and functional wear
• Crochet, knits layers, sequins
• Blushes, pink, light blues
• Spring lace, simplicity, and plunging necklines
• Easy-to-wear realistic pieces

Yohji Yamamoto:

• Yohji at his coolest. Simple, master-tailored pieces
• Black and white boyish suits and slouchy paints
• Frayed and homespun feel
• Navy, black, and print strapless gowns

Yves Saint Laurent:

• East meets West theme. Asian-modernist mix came out in the towering lacquered chignons and soft, cocooning shapes that were derived from kimono wrapping
• Japanese fishermen's pants and Japanese austerity
• Kimono Wrapping, Bows, silk jackets.
• New shoes–latticework grids of leather with metal-mesh heels

Posted by Ashley Pruitt at 07:21 PM   |   Comments (0)

Across the U.S., retailers and consumers alike have been feeling the strain from recent financial crises. However, in Manhattan we are still seeing a positive outlook from consumers thanks to the incredibly strong fall merchandise and stores operating at their peak performance. Confident New Yorkers and tourists, still streaming in on the strength of the euro, are keeping stores busy with a consistent flow of traffic.

Even though some high-end stores like Comme De Garçons have seen a decrease in new customers, regular customers can’t help but buy this season. The merchandise design is spot-on and want is taking place over need in luxury apparel.

Key fall items such as boots, lace, and leather have excited consumers. Revved-up sales teams have also allowed Manhattan retailers to really engage their customers. Take, for example, Phillip Lim downtown, which offered every customer – buying or not – a beverage of their choice. Small, reassuring gestures like these allow consumers to feel comfortable with cautious spending for fall.

During trying times like these, it’s important for the retailer and the consumer to connect and for the consumer to feel that there are some bright spots on the horizon.

Posted by Ashley Pruitt at 01:32 AM   |   Comments (0)

Luca Luca brought a flock of industry elite and celebrity customers under the tent Monday to see its futuristic design concept for S/S ‘09. Since its inception, Luca Luca has created a wide variety of product for sophisticated clientele for whom money is no object. Its S/S collection feeds off of the brand’s chic variety but offers a more sportswear driven emphasis.

The line was stark, structured, and concentrated on a white pallet – the perfect setting for designer Melgoza’s architectural and modern inspirations. Slight vents, panels and slits gave contrast to each look on the runway but made the pieces seem less functional when compared to previous seasons. Many of the cocktail dresses offered the illusion that they were made of more than one piece, and there was not a single embellishment in sight.

Is this the beginning of a new space age era for some leading designers? And if so, will consumers buy it? I will watch to see if this trend continues as I analyze at the shows throughout the rest of New York fashion week.

Posted by Ashley Pruitt at 09:54 PM   |   Comments (0)

Fashion Week is sweeping New York again with parties, runway shows and hobnobbing. Festivities have already begun but the onslaught of Spring ’09 runway shows start Monday.

Among the most anticipated shows are Zac Posen, Marc Jacobs, Phillip Lim and Calvin Klein, which is celebrating its 40th anniversary as a top brand.

Blacks will continue to send reports as the shows begin, highlighting the best in designers and fashions.

Posted by Blacks at 11:39 PM   |   Comments (0)

Fall designer merchandise has landed, and the trends are in. Blacks's New York Merchandising Analyst Ashley Pruitt takes a look at the top trends for women’s ready-to-wear this season:

1) Dark Chic
This look is one of our favorites. It’s dominated by black, after all. We’re also seeing modern materials and a contrast in fabrics, with a mix of dark glamour and sharp edges. Accessories include spiked heels, clutches, and studs.

This season’s dark chic also entails “grown up dressing” with a rocker kick; this includes fitted sophisticated dresses and furs matched with boots and dark reflections. Designers include Balenciaga, Todd Lynn, Fendi, Dries van Noten, and Viktor & Rolf.

2) Stilettos
High heels are more than an accessory this season – they are part of a whole attitude and look. We’re seeing metals, pointy toes and shapes. Designers include Stella McCartney, Sergio Rossi, and Christian Louboutin.

3) Shapes and Skinny vs. Volume in product
This play in contrasts is being executed with volume trousers, boots, extra sexy shoulders or fabric at the hips. We’re also seeing high-waisted trousers and skinny ski pants.

In the volume category, designers are showing puffed-up dresses and puffas for jackets. This product is beautifully done in luxe fabrics. Designers include Marni, YSL, Bottega Veneta, Louis Vuitton, and Givenchy.

Quick Trend List:
Long and narrow looks - include slinky fabrics, floor-length dresses, and long skirts.

Plaid - Chic shapes and oversized checks. More elegant tartans are also in the picture – just look at Ralph Lauren or Dolce & Gabbana for an example. Other designers include Balmain and Carolina Hererra.

Lace – It’s a traditional fabric that has been given a modern makeover. Heavy lace is a larger statement; this fabric is done well with a short boot. Designers include Prada, Givency, and Derek Lam.

Hoods - Designers include: Marc Jacobs, Fendi, and Giles.

Gothic Victorian look - High colors, embellishment, dramatic textures. Designers include Alexander McQueen, Etro, and Givenchy.

Bows - Oversized bows on dresses, and jackets. Designers include Valentino, Asprey, and Jil Sander.

Sequins - Metallics turned for a touch of hard cool. Seen on evening jackets, cover-ups and dresses. Designers include Preen and Miu Miu.

Boho Chic - Glam affair with a 70’s edge. Seen in prints, scarves and slouchy bags. Designers include Gucci, Ralph Lauren.

Fall Palette:
-Fall orange/auburn
-Ink
-Grey
-Black
-Neo

Posted by Ashley Pruitt at 05:57 PM   |   Comments (0)

Blacks Senior Consultant Steve Pruitt is the new Merchandise Planning & Strategy Expert on MR magazine’s MRketplace.com. You can ask Steve a question and read his responses by going here.

With over 30 years of experience in the industry, Steve is the go-to guy for expert advice on apparel merchandising and general business consulting. Retailers, if you have questions, we encourage you to contact Steve at steve@blksretail.com or through his column on MRketplace.

Posted by Blacks at 12:00 AM   |   Comments (0)

Menswear buyers flocked to New York for Project and The Collective earlier this month. We were there too and here’s what we saw: saturated colors, a resurgence in shorts, and lots of new spring jackets. Outerwear is overtaking the soft jacket trend of the last several seasons.

It’s unlikely that stores will be as bright as the shows, but we do expect a more colorful spring next year.

Overall, retailers came away excited about the new merchandise, even though prices on European goods continue to rise.

Posted by Blacks at 11:54 PM   |   Comments (0)

The climbing costs of petroleum and Chinese production will result in higher prices for Outdoor merchandise in spring 2009. I'm predicting a 10%-15% rise across most classes, so the question is: What as merchants should we be doing about this?

At this point everyone is aware of the ripple effect of petroleum increases, but few realize that vendors' sewing contracts with Chinese manufacturers are about to expire. When these contracts are renegotiated, they are guaranteed to specify a higher rate for their work, which will then be factored into the price of the goods they produce.

Unfortunately, buying merchandise closer to need is not the answer since vendors will be cautious about controlling their upfront production in the face of higher costs, making in-season merchandise scarcer.

This means that retailers need to have a clear understanding of how much they need to land on a month-to-month basis 12 months in advance. More than even before, Outdoor merchants now need to be forecasters. They need to be open to new planning methods that can clarify the 'crystal ball'.

Understanding how to land up-front purchases closer to demand will be key. The close-out pipeline will become much less reliable than in previous years.

Some of your customers will support the price rises while some will not. To keep customers you will need to make sure your floor looks fresh every month by placing deliveries in a timely manner. You also need to energize your mix by seeking out new vendors and categories (See my March 17th blog, “Mixing It Up”).

These price and production issues will probably also lead to a shortage in must-have items so you will have to adapt to this changing environment as well. My answer: play to your strengths. Advertise the must-have classifications and if a customer comes in and the key items are sold out, make sure they walk away with something they not have planned on buying. We need to drive more traffic to off-set any customers that put on the brakes
when they see increased prices.

These adjustments take some planning but can be done in a profitable way, and they are absolutely necessary if you are going to survive and prosper in this new retail climate.

And, if you have any questions about how to make these changes and how to forecast 12 months out you can always give me a call.

Posted by Jason LeBlanc at 08:50 PM   |   Comments (0)