Industry Highlights – North/South Retail, New Russian Cool, Market Pulse, Texting Teens, François-Henri Pinault

Posted on August 3, 2012

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Branded Fashion’s North/South Split Narrows

“Figures reveal that spending on branded product in southern England is gaining ground on the North as consumers look to invest in quality during downturn”. (Drapers)

New Cool for Russia’s Super Rich – Slumming It

“Gone are the Beluga caviar parties and ostentation that marked the arrival of Russia’s billionaire barons onto the world stage: the new cool for real oligarchs is a much more modest mingling among the common people.” (Reuters)
BoF Exclusive | CEO Talk – François-Henri Pinault, Chairman and Chief Executive Officer, PPR

“On the day of the official announcement of a major joint-venture between PPR and YOOX Group, BoF’s Imran Amed speaks to PPR chief executive officer François-Henri Pinault for a global exclusive interview on how the new partnership fits into Mr Pinault’s digital vision for PPR.” (Business of Fashion)

Teen stores Try Texts As Gr8 Nu Way to Reach Out

“Like many parents who have turned to texting to reach their teens, some youth-oriented fashion brands like Charlotte Russe, Claire’s Boutique and Vans are finding that young people are most accessible by text. Retailers say teens and twentysomethings react to marketing texts with alacrity—and with far higher response rates than to emails.” (WSJ)

Market Pulse | Same Story, Different Month

“The Savigny Luxury Index (“SLI”) inched up 1.0 percent in June, relative to an uplift of 2.8 percent in the benchmark MSCI World Index (“MSCI”).  Newsflow from China continued to worry investors and sector results, although strong, did show signs of a slowdown in growth over the last few months.” (Business of Fashion)

Posted in: Industry News