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August 25, 2008
Calvin Klein Retools Website, Adds E-Commerce
Calvin Klein has begun selling its better lines on the Web, with a revamped website that showcases both apparel and home goods. The site, at www.calvinklein.com, reflects the selections available at Calvin Klein’s better stores, and fulfillment will be provided by company stores.
The move is aimed at boosting the brand’s distribution amid a tough retail cycle. Although Calvin Klein has come late to the e-commerce game, it hopes to spur interest through a sweepstake that offers the winner a $1000 shopping spree.
Posted by Blacks at 11:35 AM | Comments (0)
August 19, 2008
July Wholesale Prices Soar 1.2 Percent
Wholesale prices jumped 1.2 % in July, marking the largest annual increase in 27 years, according to Labor Department statistics.
The jump was pinned on climbing inflation rates, leading analysts to speculate on whether the Fed would step in and raise interest rates in the hopes of curbing inflation.
Business owners are in the difficult position of deciding whether to increase consumer prices to make up for wholesale increases, or just eat the costs. Consumer spending is already down and higher prices could worsen the situation.
Posted by Blacks at 11:48 AM | Comments (0)
August 15, 2008
Nordstrom Takes Q2 Hit From Weak Economy
Nordstrom reported a 20.6% drop in net income for its second quarter to $143 million. This compares to earnings of $180 million a year ago.
Despite holding two major sales in the quarter, the department store chain could not shake off the weak economic environment.
Nordstrom expects a drop in same-store sales of between 4% and 6% in the third quarter.
Posted by Blacks at 09:41 AM | Comments (0)
August 13, 2008
Victorinox Launches Contemporary Outdoor Line
Victorinox is launching a contemporary outdoor and travel line called One9.09 in an effort to attract younger, more fashionable customers. The line is being designed by the company’s new creative director Pierre-Henri Mattout and will be distributed to specialty stores worldwide, as well as Victorinox’s own flagships.
The One9.09 capsule collection offers 26 pieces that mix functionality with fashion, featuring waterproof, lightweight and technical fabrics. Retail prices for the pieces range from $200 to $1000.
Posted by Blacks at 09:20 AM | Comments (0)
August 07, 2008
Kenzo Opens Paris Flagship With New Look
Kenzo opened a new 5,400-square-foot flagship in Paris, featuring clothing and accessories for men, women and children, as well as a VIP suite. The flagship is on located on Avenue George V, next to Louis Vuitton.
The new boutique features exclusive items and a new black and white décor which will soon be rolled out to other points of sale. Analysts predict that the store could generate $15 million in sales annually.
Posted by Blacks at 09:33 AM | Comments (0)
August 04, 2008
Britain's Aquascutum Plans Big U.S. Push
British brand Aquascutum is planning a U.S. invasion with the launch of its new London Collection. The collection of formal and casual separates will begin selling in Saks Fifth Avenue later this month. Its dresses retail for around $700 while coats and trenches range from $2500 to over $4,000.
The 157-year-old brand is also offering its Vintage line through Bergdorf Goodman in New York and plans to launch a men’s line this fall. The men’s collection, called .LTD, will sell in Bloomingdale’s.
Posted by Blacks at 10:03 AM | Comments (0)
