Thursday, 3 December 2015

Preview Gucci’s Pre-Fall Collection on Snapchat

Gucci may not be presenting its Pre-Fall collection until next Wednesday in Milan, but fans can get a sneak peek on the brand’s Snapchat. Just follow the Gucci account—the username is simply “Gucci”—to see a short video taken behind-the-scenes of a photoshoot with Ari Marcopoulos showcasing looks from the house’s upcoming collection. All the Alessandro Michele signatures are there, from the oversize glasses to the avian embroideries, although those aren’t the only birds you’ll find in the short video. Watch here to see what we mean, and check Vogue Runway next week for Gucci’s full Pre-Fall collection.

NIKE HAS CHRISTMAS WRAPPED UP WITH THE AIR MAX 90 AND MUCH MORE

As expected, Nike comes through with a Christmas-themed collection footwear. What’s not expected is just how festively ornate the Air Max 90, Blazer Mid, Air Tech Challenge III, and Tennis Classic Ultra are. All four silhouettes have their own distinct Christmas motif, like the Air Max 90 with candy-cane Swooshes, the Blazer Mid with the pinwheel logo that mimics tree ornaments, the Air Tech Challenge III channeling that “ugly sweater” vibe. In addition to the graphics, all four pairs have anchoring hits of red and gold. A release date of December 5th has been confirmed by some retailers, so enjoy a first look at the Nike Sportswear Christmas Pack and stay tuned to Sneaker News for more details.
NIKE AIR MAX 90 QS
Color: White/University Red-Metallic Gold
Style Code: 813150-101
Release Date: December 5th, 2015

Armani Outlet to open first Hawaii location on Oahu

Giorgio Armani Corp., the New York-based subsidiary of the fashion designer's Milan, Italy-based Giorgio Armani S.p.A., initially submitted a building permit application in June for interior alterations to an existing retail space in Waikele Premium Outlets, according to City & County of Honolulu Department of Planning & Permitting records.
The sign for the Armani Outlet is seen in the new section of the Colonnade at Sawgrass Mills in Florida. Armani Outlet will open its first Hawaii store at Waikele Premium Outlets on Oahu.
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The permit, which was subsequently issued in September, listed Dave Foster Builders, Inc., M. Torigoe Plumbing, Inc., Roy's Electrical Service, and Honolulu Fire Protection LLC as the Honolulu-based contractors and sub-contractors for the new store. At the time, the accepted value of work for the new store was listed at $847,000.
During the Thanksgiving holiday, a sign for the new Armani Outlet store in Waikele Premium Outlets was installed above a 3,500-square-foot retail space that previously housed part of a large Levi's Outlet Store. The old Levi's Outlet Store space was subdivided earlier this year to make room for a smaller Levi's Outlet Store and the future Armani Outlet.
PBN reached out to Giorgio Armani Corp. on Monday.

Women are future of Hermes Watches

The new head of Hermes Watches is hoping a more feminine touch, added with the fashion group’s own in-house know-how, will help it navigate through the turbulence rocking the sector. Laurent Dordet, who took the helm of the watch division at the famous Paris fashion house last March, told AFP in an interview he wants to focus even more heavily on women’s timepieces, which already account for 80 percent of the brand’s sales.
“We plan to really develop feminine creation,” the 47-year-old said, adding that the brand aimed to explore a range of aspects of women’s watches, including the use of jewels on the timepieces. World-famous for its silk scarves and iconic handbags, Hermes is eager to expand its share of the luxury watch market.
So Dordet, who took over after his predecessor Luc Perramond moved over to Ralph Lauren after six years at the helm, is planning to shake things up a bit and reorganise. “But not through acquisitions,” he stressed, pointing out that the tough times for Swiss watchmakers were not ideal for major new investments. After years of euphoria with booming sales in Asia, Swiss watchmakers have recently been hard-hit by collapsing watch exports to their top markets China and Hong Kong, as a strengthening Swiss franc has led to exploding production costs. So instead of looking out for new acquisitions, Hermes Watches is taking a good, hard look within. “We have development ideas for certain exceptional skill sets, using our own Swiss and French workshops,” Dordet explained. He pointed to a series of colourful models presented at the Baselworld watch show last year called Arceau Millefiori - or one thousand flowers - created in cooperation with Hermes affiliate Cristalleries de Saint-Louis, France’s oldest glass and crystal manufacturer. The watches are equipped with unconventional crystal dials and covers inspired by 19th century paperweights, giving the illusion of a real bed of flowers.
Speaking in Brugg, on the outskirts of the northwestern Swiss town of Biel — a tradition-imbued watch metropolis — Dordet said the organisational changes needed included better integrating past acquisitions.
Over the past decade, Hermes has made several purchases aimed at boosting its watchmaking credibility.
In 2006, it snapped up 25 percent of Vaucher Manucture Fleurier, a prestigious Swiss watch movement maker, before buying Nateber, which designs and manufactures watch dials, in 2012, and a year later pocketing Joseph Erard, which specialises in luxury watch cases.
“Our first step will be to consolidate these skill-sets and digest them.”
Observers say Dordet’s profile gives an indication of the direction Hermes would like to see its watch brand take. While his predecessor Perramond had climbed through the watchmaking ranks, spending part of his career at LVMH-owned Swiss luxury watch brand Tag Heuer, the new Hermes Watches chief has a largely in-house background with little timepiece experience.
Having joined Hermes in 1995, he has spent most of his career working with textiles and precious leathers. “Going for an in-house candidate might mean they are looking at this more from the fashion end,” Kepler Cheuvreux analyst Jon Cox told AFP.
The question is whether the female fashion focus will be enough to boost sales in an overall morose market.
In October, Swiss watch exports plunged 12.3 percent, according to data from the Federation of the Swiss Watch Industry, suggesting that retailers have accumulated too much of a backlog and are hesitant to refill their storerooms ahead of the holidays.
In this context, Dordet said he planned to be more selective in terms of where watches could be sold, adding the brand would prioritise Hermes’s own boutique network. “This is a network that has proven very resilient during difficult times,” he said.
The luxury watch sector has meanwhile just seen sales in France drop off a cliff, following the November 13 attacks in Paris that left 130 people dead.
Dordet said he was bracing to see how long the lull would last. “This is yet another element of instability in a market that does not need any more.”

Wednesday, 18 November 2015

Nike's latest shoes have Rory McIlroy's footprints all over them

 Nike worked with Rory McIlroy in the development of its newest version of its Lunar Control shoe during the past 18 months, there was a common request to his feedback.

Stability, stability, stability.

That's the theme of Nike's Lunar Control 4, which McIlroy will debut this week at the European Tour's DP World Tour Championship in Dubai.

The former world No. 1's influence on the new design is clear. McIlroy was one of the last of the young tour pros to switch to plastic spikes, so he seeks even more stability than most—especially given his aggressive driver swing.

nike-lunar-control-4-shoe-early-sketch.jpg
Early sketches of the Lunar Control 4
This shoe is designed to stay tight to the ground through the swing. At just 376 grams (320 grams in the women's shoe), the Lunar Control 4 uses a cabling system—Nike's self-labeled Flywire technology—in the shoe's body to increase control and lateral support.

A huge graphic change in this shoe is an enormous Nike swoosh on the front.

nike-lunar-control-4-shoe-top-view.jpg
The shoes ($170) will be offered in three colors and available on Nike's website Nov. 27 and in stores in December

Google Marks and Spencer mix up sees family inundated with phone calls

A family were flooded with phone calls with people trying to ring a new Marks & Spencer store in a Google mix-up.

The Richards family were inundated with calls from shoppers trying to reach the recently-opened superstore - because dad Martin runs a small firm called M&S Security.

People searching on Google for M&S in Merthyr Tydfil , South Wales, are getting his number instead of the new Marks and Spencer store.

The family were hounded with calls about store opening times, job possibilities, and whether or not it will be stocking Christmas trees.

Wales News ServiceScores of people queue up for the official opening of Marks and Spencer in Merthyr Tydfil on Thursday, October 29Retail giant: The new Marks and Spencer in Merthyr Tydfil
Martin’s wife Karen, 50, said: “We’ve had constant phone calls wanting to know when they’re opening, can we put them through to the children’s department, are they selling Christmas trees, what times it opens, and how do they go about getting a credit card.”

The name mix-up has seen his home phone ringing off at all hours around the clock since the store opened two weeks ago.

Mum-of-two Karen added: “I’ve phoned the head office of M&S and they said they can only go by what is on their web page.

“We’re getting a bit irate now. Weekends are worst. The phone is going on until 10pm. I must admit that half the time I don’t answer it.”

Marks & Spencer apologised for the error but say they have no control over other websites or search engines.

A spokesman for Google investigated and “resolved the problem”.

Rare COMEX Rolex, Patek Philippe And Cartier Watches Sparkle In Luxury Online Auction

On November 21st 2015 specialists Watches of Knightsbridge will be auctioning exquisite and rare timepieces from such prestigious watchmakers such as Rolex, Cartier and Patek Philippe, to name just a few. The auction is powered online by Proxibid, the world’s most trusted online Marketplace for buying and selling highly valued items.

The auction includes several extremely rare watches, such as the Compagnie Maritime d'Expertises (COMEX) Oyster Rolex, which was produced for COMEX Divers in the 1980s and is expected to go for at least £40,000. Consigned by the original owner, the watch comes complete with box, papers, tags and diver’s logbook, which details dives made in Abu Dhabi. Other highlights include the Rolex Tudor Oyster Prince Submariner Watch, produced circa 1959, with "meters first" dial, Mercedes hands and a "lollipop" seconds hand. There is also a fine 18K solid white gold Patek Philippe Gondolo, with annual calendar and a moon phase indicator for collectors to bid on.

For horophiles unable to make the luxury auction in person, you can now bid online via www.proxibid.com, the world’s most trusted online Marketplace for buying and selling highly valued items.

Proxibid uses state-of-the-art fraud protection technology, which monitors the Marketplace for fraud 24 hours a day, 7 days a week. This means both buyers and sellers are protected by the most robust fraud prevention system in the industry, ensuring all purchases in the Marketplace are safe and secure. It all adds up to more convenience and peace of mind for online buyers and collectors. 

Dior dips a timid toe into the waters of e-commerce

On Monday, Christian Dior shoes went on sale online for the first time, thanks to a partnership between the French fashion house and high-end department store Bergdorf Goodman. The digital pop-up shop, featuring 14 styles, including bejeweled sneakers and laser-cut pumps, will close up on Dec. 31.

The online store is a timid, 4-inch-heeled step into e-commerce for the luxury brand. Beyond entry-level makeup, skincare and fragrance products, Dior doesn’t offer e-commerce in its online store. Other retailers, like Neiman Marcus, sell limited Dior collections, like sunglasses and beauty products.

For Dior, the Bergdorf partnership doesn’t mean it’s diving into e-commerce. Dior Couture president Pamela Baxter told Women’s Wear Daily that there are no concrete plans for the company to expand its online offerings following the pop-up.

Baxter said, “The retail experience and relationship building between our expert sales associates and our clients is really important to us. To be quite frank, we don’t know how that relationship would build online. I have got people in the stores who know exactly who their client is.”

Dior isn’t alone in its hesitation to sell luxury online, but most legacy brands have warmed up to digital sales, one by one. Chanel changed course earlier this year, when it announced its e-commerce store would open in 2016; Fendi and Tom Ford also moved online this year. In addition to Dior, Céline is one of the last luxury names to remain offline.

According to Baxter, the client relationship is the brand’s top strategic priority.

“When we find that experiential relationship connection and how to do that online, we’ll jump in with both feet.”

A major problem facing any retailer, whether it’s Christian Dior or long-standing department stores, is recognizing the customer as the same person whether she’s shopping in-store or online. Baxter said that at Dior’s price points, the need to build a lasting relationship with a consumer outweighs the need to sell goods online — at least for now.

“A lot of the luxury brands have held back on online sales because they weren’t chasing dollars. Luxury is about scarcity of product,” said Sucharita Mulpuru-Kodali, senior analyst at Forrester Research. “There are ways to have a very high-class experience online — very wealthy people purchase online. I don’t think that it degenerates a brand now; it’s so ubiquitous now that the online experience reinforces the physical experience.”

Bergdorf Goodman’s president Joshua Schulman said that online is going to have to become a “happy fact of life” for luxury retailers. He has also helped coordinate Bergdorf online pop-up stores with Christian Louboutin and Alexander Wang.

“The customer for these luxury brands leads a very busy active life and is used to getting the convenience of being able to shop both online and in-store. The brands realize that one doesn’t negate the other — one plus one equals something additive from a customer-experience point of view.”

For the Bergdorf’s pop-up shoe shop, Dior is trusting the luxury department store’s customer service to handle the online experience. The two companies also recruited It-girls Eva Chen, who runs fashion for Instagram, Leandra Medine of Manrepeller, Shiona Turini, a contributing editor at The Cut, and Aimee Song, the blogger behind Song of Style, to model the shoes.

And if any pearl-clutchers can’t fathom buying Christian Dior online, the collection will be on sale in Bergdorf’s Manhattan flagship store until the end of the year.

You Can Finally Buy Dior, Vintage Chanel and Louis Vuitton Online

For high-end shoppers seeking goods from Dior and Chanel, acquiring the latest must-have bag or flashy pumps requires either heading into a store or having someone else go in for you. And while yes, the service at these two boutiques is amazing, it’s not purely by choice that you peruse the wares IRL; for the most part, they won’t allow you to do it online. That is until this holiday season.

While Chanel hasn’t sanctioned any e-commerce ventures beyond beauty since their flash site with Net-a-Porter earlier this year, the team at Nasty Gal has uploaded 160 archival pieces from the brand to their site, ripe for the picking. The perfect little black quilted handbags, classic bouclé jackets and chunky gold jewelry all makes into the range, which is the first of the LA-based business’s Vintage Mine series. Come next month, expect loads of Louis Vuitton to be uploaded, so pray to the fashion gods that there will be at least one piece from Marc Jacobs‘ old Stephen Sprouse collaboration available.


This effort all goes to underscore Nasty Gal’s beginnings in the business of vintage reselling. There’s no word on how long it will last or what brands they will do in the new year (Azzedine Alaïa, please!) but it’s among the best shopping news we’ve received in weeks.

Beginning today though, lovers of Dior will also be able to indulge in the e-commerce fun. In partnership with Bergdorf Goodman, the fashion company (which still remains without a creative director since Raf Simons’ departure) has uploaded a selection of pumps, slip on loafers and sneakers from the Dior Shoe Collection just in time for holiday buying. Not sure how to style it? The pair have tapped influencers like blogger siblings Aimee and Dani Song, consultant Shiona Turini and Instagram’s Eva Chen to offer a slew of inspiration through a photo series.

Eva Chen shows off how to style those Dior sneakers
Eva Chen shows off how to style those Dior sneakers (Photo: BergdorfGoodman.com).

The online pop-up shop will stay live through the end of the year, but we’d suggest checking it out sooner rather than later. Actually, you should probably get shopping now.

Louis Vuitton Closes Stores In China As Boom Fades

Louis Vuitton,  whose growth in China came to symbolize the country’s rise in importance to the global luxury industry in the past decade, is closing stores in three cities in the country, the China Daily reported on Tuesday.

LV, whose parent LVHM Moet Hennessy Louis Vuitton is the world’s largest luxury group in terms of revenue, has closed one of two flagship stores in Guangzhou amid slow sales, the newspaper said. It already shut discount stores in Harbin, Guangzhou and Urumqi, the China Daily added, citing the Financial Times.

Consultancy Bain & Co. said earlier this year said China’s long-expanding luxury good market fell last year, hurt by easing economic growth,  a government bid to curb gift-giving involving officials, and changes in distribution.

Retailers Giorgio Armani, Hermes and Versace have also been closing stores in the country since 2013, the China Daily said.  LV will have about 50 stores in China after its closures.

Apple Watch Hermes Bands

Price starts from $1100
Watch Hermès represents a unique collection of handmade leather straps designed to enhance the overall beauty of your Apple Watch. Uncompromising craftsmanship by the Hermès artisans in France and a Hermès watch face reinterpreted by Apple designers in California goes behind the making of this spectacular innovation. You will admire it for its simplicity as well as for its elegance. The straps are available in three beautiful versions – Double Tour, Single Tour and Cuff. The extra long band of the Double Tour wraps twice around your wrist while the Single Tour straps have a buckle inspired from those of a horse’s girth. Even the Cuff is inspired by equestrian fixtures which looks artistic because of the use of Hermès’ signature leather. Choose any of the three and take your Apple Watch experience to a stylish

Thursday, 12 November 2015

Swatch collection fetches $1.8m

ZURICH• • A collection of almost 1,000 Swatch timepieces fetched 1.3 million Swiss francs (S$1.8 million) at a Sotheby's sale in Geneva on Tuesday, the second seven-figure auction of watches this year by the inexpensive Swiss brand.

The lot, which includes almost 380 prototypes, sketches, cases and dials, was offered by Marlyse Schmid and Bernard Muller, who were early designers for Swatch in the 1980s, the auction house said.

Sotheby's estimated that the lot would fetch more than 1 million francs.

The success of Swatch Group's namesake brand, a mass-market plastic watch that kept factories running, helped revive the Swiss watch industry after it faced a loss of 60,000 jobs in the 1970s and 1980s.

The industry had underestimated the threat of quartz watches, which were cheaper and more exact.

In April, a collection of more than 5,800 Swatch watches went under the hammer for HK$46.7 million (S$8.6 million) in a Sotheby's auction in Hong Kong. That lot included pieces of Swatch-related artwork by Keith Haring.

How James Bond Made the Submariner Rolex's Coolest, Most Recognized Watch

Let's just dispense with the model numbers, shall we? All you really need to say is Submariner to win that instant look of recognition and envy that's half the reason people drop $8,550 on a wristwatch anyway. Not that that's such a jaw-dropping price. In this age of status watches, it's easy to find timepieces that cost more than a house. But dollar for dollar, those in search of status, style, form and function simply cannot do better than a Submariner. As its name suggests, it's a diver's watch, guaranteed waterproof to 330 meters (1,000 feet). But as its long list of celebrity fans suggest, the watch is just as famous on dry land.
"The Rolex Submariner has taken on an interesting life," said writer, author and luxury brand consultant Ariel Adams. "Because it's not just a steel dive watch, it's a Rolex steel dive watch, and everyone from politicians to actors to soldiers wear it."
Here's how that happened. In 1953, French Navy diver Jacques Cousteau wrote The Silent World, a book that chronicled his undersea explorations. The book, and the Academy Award-winning documentary film that followed, captured the world's imagination and created a generation of recreational divers. Rolex responded with the Submariner.
The wristwatch might never have left the lockers of naval cadets were it not for the Bond franchise. The first four films all featured a Submariner on the wrist of our hero. And, as with so much else, an official anointing by Hollywood was all it took for the brand to hit the big time. From early fans like Steve McQueen and Robert Redford, the Submariner's following has grown to include Adam Levine, Sharon Stone and plenty of ordinary mortals.
But it's more than the culture of imitation that's brought the Submariner this far. As a purely functional device, the watch has an industrial chic that supersedes all trends: It's always in style. "You can get away with wearing a Submariner with a suit or shorts," Adams said. "It's very versatile from a stylistic standpoint, and that's one reason it's remained so popular."
That and James Bond. And just for the record, Daniel Craig wears a Submariner, too.

LOUIS VUITTON LAUNCHES CITY GUIDE APPS

Louis Vuitton's chic, anti-tourist City Guides are getting a mobile upgrade. Starting tomorrow, you can download app versions of each of the 25 cities in their guidebook series, ranging from Beijing, to Istanbul, to Los Angeles. The upscale travel guides are also adding four new cities to their list: Bangkok, Chicago, Prague and Rome.

Like the books, the apps provide useful info and addresses for hotels, restaurants, cultural districts and night life.  They'll even be accessible offline too, so lacking data or wi-fi won't get in the way of your adventures. To get more in touch with the cities, each app features a notable guest contributor sharing his or her personal experiences and recommendations in the city, like interior designer Faye Toogood for London, or actor/director Guillaume Gallienne and his wife for Paris.

Louis Vuitton is also releasing a 15-city box set for the books, and monogram leather phone cases in four different colors to accompany the digital release.

The City Guides apps is available on the App Store for iPhone and iPad for $9.99 .

Dior brings bespoke approach to eyewear with customization platform

French couture house Christian Dior is giving consumers the opportunity to view the world through a unique lens with the launch of a customization platform for its eyewear.

#MyDiorSoReal lets consumers build a pair of sunglasses to their specifications, selecting the type of lens and color of various parts of the frame. Choosing eyewear for this customization effort will enable Dior to introduce its bespoke capabilities to an entry-level audience.

Frame of mind
Dior introduced its customizable sunglasses via a short social video. Throughout the film, pairs of varying colors tick by, showing the many possibilities accessible beyond the click-through.

When consumers follow the link shared, they are taken to a microsite to start their personalization.

For this platform, Dior has kept the style option streamlined, offering the capability for a single futuristic model of frame.

They can first select whether they want their lenses to be mirrored, followed by the choice of eyebrow, temple and nosepiece colors. They can also pick a hue for the metal detailing across the top of the frame.

Up to 18 characters can be engraved in tone-on-tone, included in the $708 purchase price.



Dior, much like many of its peers, only offers ecommerce for select items, choosing to keep its online store limited to entry-level items.

French atelier Chanel has unveiled its first ecommerce Web site for the fashion division in the United States to sell its sunglasses collection.

Instead of a category-wide launch of ecommerce, Chanel has taken a slower path to brand-operated commerce by offering first skincare and beauty products, and now entry-level sunglasses to test the waters. Launched on Nov. 4, Chanel takes a holistic approach by creating an omnichannel ecommerce experience to complement its bricks-and-mortar boutiques to better serve consumers through enrichment and customization

Tommy Hilfiger Throws Back to Fashion’s Favorite Era With a New Capsule Collection

There’s still something just so eternally cool about the red, white, and blue logomania of Tommy Hilfiger during the 1990s—a look that now, as fashion remains in the thrall of the era, is as relevant as ever. There was Aaliyah, the campaign face of Tommy Jeans in 1997, now synonymous with a pair of baggy patchworked jeans that she wore slung low, to reveal a branded boxer waist-band stamped with—you guessed it—“Tommy Hilfiger.” That same year, Snoop Dogg was the very picture of hip nonchalance as he performed on Saturday Night Live in an oversize thick-striped polo with “Tommy” in bold-font print smack dab in the middle. And of course, there was the Spring/Summer 1997 Tommy Hilfiger show in which Kate Moss, clad in a red, white, and blue top and red short shorts strutted down the runway to a live performance by Naughty by Nature’s Treach, who was also wearing a T-shirt that read “Tommy Hilfiger” in no fewer than three places.

Now, over 20 years later, the flag-stamped duds  still maintain a place in our hearts—But as for our wardrobes? That’s more difficult. Buying a flag-emblazoned sweatshirt is no longer a simple stroll through the mall: It’s more like an entire-day-consuming trawl through the racks of thrift shops or pages of Etsy. But not for long— no longer does the beloved throwback aesthetic exist only in a universe of all-things consigned. The sportswear pieces have now received an elevated revamp in a capsule collection between Tommy Hilfiger and Mytheresa.com. Modeled by sisters Suki and Immy Waterhouse, the collection offers eight pieces priced from $198 to $654. There are navel-baring favorites like the cropped iconic flag sweatshirt, now in velvet, and satin boxer shorts with the label’s classic logo. The varsity jacket has also been updated in velvet and satin versions, adorned with a simple “H” appliqué. But one nostalgic staple that has been virtually unchanged? The flag bandeaux crop top—a piece that almost 20 years later we’ll still pledge allegiance to.

Hermes Sales in Asia Decelerate as Hong Kong, China Take Toll

Not even Hermes International SCA is immune from slowing luxury demand.
Asian sales of the French maker of Birkin handbags slowed to 1.5 percent in the third quarter excluding Japan from 6 percent in the second quarter as anti-extravagance measures in China weighed on spending in the region. Sales in the Americas grew just 2 percent at constant exchange as stock market volatility and a strong dollar curb spending by locals and tourists.
Yet, Paris-based Hermes still delivered revenue growth that matched analysts’ estimates, with total sales climbing 15 percent to 1.14 billion euros ($1.2 billion). Analysts predicted 1.15 billion euros, according to the median of 13 estimates compiled by Bloomberg. Excluding currency swings, sales climbed 7.9 percent, in line with the 8 percent estimate.
The results were “a reassuring performance from Hermes against a more difficult backdrop in Asia and Americas,” said Rogerio Fujimori, an analyst at RBC Capital Markets. “When things get tough, the best business models and most exclusive brands stand out.”
By keeping the supply of $9,400 Birkin bags limited, Hermes is weathering slowing luxury demand better than lower-priced competitors such as Burberry Group Plc, which has forecast profit to decline a second year. Having more than 40 stores in Japan also helps as the yuan was higher against the yen during the quarter, attracting Chinese shoppers. Sales in Japan rose 17 percent at constant exchange.
The stock traded 0.3 percent lower at 349.45 euros as of 9 a.m. in Paris.
Hermes reiterated its mid-term target of 8 percent annual revenue growth excluding currency swings and repeated that the operating margin will narrow from last year’s 31.5 percent because of foreign exchange moves. The forecast decline in profitability shows that Hermes didn’t raise prices enough in Japan to offset the weaker yen, according to Exane BNP Paribas.

Sunday, 20 September 2015

Marks & Spencer To Open At Mumbai's T2 Airport

British retailer Marks & Spencer (M&S) is soon going to open its 50th store in India. The company, which has been opening around 10 stores every year, opens its new store at Mumbai's T2 airport.
On one hand, it is slowing its overseas expansion drive in big markets like China and Russia due to changing economic environment but on the other side it is scaling up its operations in India. The company, which operates in 60 markets globally, has even shut a few stores in China recently. The brand has witnessed a sales growth of over 23 per cent in 2014-15 here.
"We are not focusing on online retail. We want to take the offline route and will maintain the same pace of growth for opening new stores. Kolkata will see three more M&S stores this year. In certain markets, we operate as a premium food retailer as well," says Venu Nair, MD of Marks & Spencer Reliance. The company, which has seen its international operating profit drop by 25 per cent in the year ending March 2015, operates 48 stores in Turkey, 37 stores in Russia and 28 stores in Greece.

Wednesday, 26 August 2015

Marks and Spencer Group Plc 26.5% Potential Upside Indicated by Espirito Santo Execution Noble

Marks and Spencer Group Plc with EPIC/TICKER LON:MKS has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Espirito Santo Execution Noble. Marks and Spencer Group Plc are listed in the Consumer Services sector within UK Main Market. Espirito Santo Execution Noble have set a target price of 630 GBX on its stock. This indicates the analyst now believes there is a potential upside of 26.5% from the opening price of 498.1 GBX. Over the last 30 and 90 trading days the company share price has decreased 51.4 points and decreased 67.9 points respectively.

Marks and Spencer Group Plc LON:MKS has a 50 day moving average of 544.16 GBX and a 200 day moving average of 526.00 GBX. The 1 year high stock price is 600 GBX while the year low share price is currently 380.8 GBX. There are currently 125,604,667 shares in issue with the average daily volume traded being 3,713,891. Market capitalisation for LON:MKS is £8,135,685,012 GBP.

Marks and Spencer Group plc is a retailer in the United Kingdom. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through five segments: M&S for Business, M&S Bank, M&S Energy, M&S Outlet and M&S TV.

Friday, 21 August 2015

Taylor Swift Reportedly Turns Down Armani Offer To Strip Down Alongside Calvin Harris

Taylor Swift has reportedly turned down an offer to strip down for an Armani underwear ad. The singer had reportedly been offered 6.5 million pounds ($10 million) to pose in her underwear with boyfriend Calvin Harris. But, no, Swift will not get nearly nude on camera.

"Insiders" claim that she has turned down an offer by Armani to pose alongside Harris, Mirror UK reported. The Scottish DJ is already the face of the underwear line, and it was said the label was hoping that the “Bad Blood” singer would be up for joining him in a sizzling shoot. The couple’s campaign was supposed to follow David and Victoria Beckham’s 2009 intimate campaign for the label.

Harris and Swift, who are now one of the richest celebrity couples in the world, have turned down the offer as the singer is not keen to strip down for the ad, sources said. The “Blank Space” singer thought that she “would be showing too much skin and damage her image.”

“If she was married to Calvin then things may be different,” said sources in Armani, talking to the Daily Star.

“Armani bosses reckon Taylor and Calvin could emulate the success of the David and Victoria adverts. The Taylor offer is initially around the 6.5 million-pound mark, but that sum could then triple with global promotion if the campaign is successful,” a source had said earlier.

That the Harris ads have done really well and helped Armani reach a new audience. Taylor, 25, and Calvin, 31, are estimated to have a combined net worth of $171 million, according to Forbes.

The “Shake It Off” singer’s decision does not come as a surprise to her fans. In 2014, Swift told Rolling Stone magazine how she is a very private person and does not take her clothes off for pictures. She also said that it scares her how valuable it would be to get a video of her changing. Swift added that it was sad to have to look for cameras in dressing rooms and bathrooms. She is not the kind of person to walk around naked with her windows open. 

Marks and Spencer unveils new trends for Autumn/Winter 15

From structured tailoring to stylish knitwear, vibrant prints to metallic embellishment, the high street favourite has all of next season's trends covered and splits them into six key themes.

'Entwined' features knitwear and tactile textures and has a neutral colour palette, layering thick cream and beige knits to create an air of luxury.

'Best of British' is home to a range of pieces that celebrate British heritage with a modern twist. This theme includes oversized coats and trendy trainers.

Confident and contemporary, 'Softly Structured' is all about fitted tailoring to create flattering lines.

Then there is 'Elegant Bohemia', the trend that will take you from day to night. Re-working the summer boho trend for the autumn months, Marks and Spencer has combined ornate prints with a rich colour palette, suede textures and fringing detail.

If you are looking for eveningwear, the pieces in M&S' 'Noir' theme are awash with metallic embellishment, lace, with a velvet suit and dresses standout items.

And finally, the high street giant completes its new Autumn/Winter 15 range with the fun and flirty theme, 'Modern Muse'. A retro flavour dominates this range that features funky prints, block-coloured accessories and chunky knits.

The autumn/winter collection will begin landing in stores from August 20. But you can preview M&S' new collection and key trends on its website.

New Marks and Spencer store on the cards as retail giant "interested" in Lincolnshire market town

High Street favourite, Marks and Spencer has confirmed it wants to open a store in a Lincolnshire market town.

Rumours are circulating that Marks and Spencer could be on its way to Louth.

Now the company has confirmed its interest but has no further details to release yet.

A spokesperson for Marks & Spencer said: "We do have an interest in opening a store in Louth, but don't have anything to confirm at the moment."
It is not known what kind of store Marks and Spencer would open but it could include a food range.

If a store does open in Louth this would be the only Marks and Spencers in East Lindsey after the Skegness store on Lumley Road closed in 2011.

Louth St Mary's district councillor Jill Makinson-Sanders, recently revealed Marks and Spencer may be interested in a site on Queen Street.

A retail complex from Park Broom Homes received approval on appeal in 2010 on the site of Kidgate Doctor's Surgery which includes part of the council-owned Queen Street car park.

In a report to East Lindsey District Council's executive board in July as part of discussions relating to Louth Cattle Market, Councillor Makinson-Sanders said: "We also know that Marks and Spencer are really keen to develop the doctors' surgery site in Queen Street, won on appeal, but are being hampered by East Lindsey's failure to play ball over parking, despite the town being keen on this outlet coming to the centre - a move which would attract similar quality retailers into our town centre."

Garry Denniss, chairman of the business group Louth Independent Traders thinks Marks and Spencer would be good for Louth.

He said: "It would bring in more footfall and be an asset to Louth.

"We could do with one or two more bigger names as long as they are in the town centre so not to damage other businesses."

Louth market trader, Alan Grant, said: "A lot of people in Louth would be happy if Marks and Spencer came here.

"Anything to keep people shopping in Louh is good."

Stuart Minard from Binbrook said: "I would probably shop there. I like the food and the kid's shoes are good quality. We have a lot of boutiques in Louth and this would be something more affordable."

Brenda Nicklin from Rotherham, who stays in the Louth area every summer season said: "I think it would be good and Louth has got the room for something like Marks and Spencer. We like the food and the clothes are lovely as well."

Birgit Williams from Cleethorpes who shops in Louth regularly believes a Marks and Spencer would be harmful to Louth.

She said: "it would destroy the town and could see other businesses close. I come here shopping because I like how it is and to wander around all the many different shops."

A spokesman from ELDC said the authority has not been approached by Marks and Spencer.

Zara’s to open store in Hyderabad

Spanish fashion brand Zara will inaugurate its first store in Hyderabad in The Forum Sujana Mall on August 21, according to a company statement. This will take Zara's store count in the country to 17.

The over 2,343-sqm Hyderabad store will showcase the brand's autumn collection for men, women and children.

Zara outlets in India are operated by Inditex Trent, the joint venture between Spain's Inditex and the Tata Group. While most of Zara's back-end and merchandise sourcing is handled by Inditex, the Tata's mainly contribute by identifying real estate and locations.

For the year ended March 2015, Inditex Trent posted 24% growth in sales at Rs 721 crore ($114 million). ET had reported earlier that the company's average sales per store stands at about Rs 45 crore a year.

Zara recently became the first apparel brand in India to cross the $100-million sales mark, five years after it opened its first shop in the country.