Although sales are slowing in the long-booming Asian luxury market, it probably won’t surprise bag lovers to hear that Hermès continues to increase its sales and meet the expectations of industry-watching analysts. It also probably won’t surprise you to hear why; Bloomberg credits the brand’s strength with the Birkin’s perpetual scarcity.
We’ve known for several months that Chanel has plans to expand its retail presence on its official website, and yesterday, we got the first peek at what the brand has in store. Via Chanel.com, you can now browse and buy a large selection of sunglasses, which is one step closer to the online handbag sales we’re so desperately hoping will one day appear.
Update 10.28.15: Chanel reached out with a statement from a company spokesperson that we added at the end of the article to clarify the policy change.
Last year we had quite a few major Chanel rumors swirling around the PurseForum, and the biggest were about a price increase (which happened) and the Chanel Grand Shopping Tote’s possible discontinuation (more on this soon).
If you’ve been as fond of Dior‘s handbags as we’ve been lately, we have some unfortunate news to share this morning. Raf Simons, Dior’s much-lauded creative director of 3.5 years, has decided not to renew his contract with LVMH, the brand’s parent company, according to an announcement made yesterday in Paris.
If you’ve looked around the your favorite department store in the past couple seasons and felt like everything there, from itty bitty micro bags to toy-like bag charms, was designed for kids, there’s a good reason for it: luxury brands are looking to younger consumers with lower incomes to bolster sales.
When I think of fashion brands that embrace technology, Hermès isn’t the first name to come to mind, but the company seems to be looking to change that, at least in a small way. Yesterday, Apple announced that Hermès will make three special leather bands for a new series of its Apple Watch that will also have a unique, Hermès-branded interface.