Considering how many luxury boutiques have reputations for staffs that seem to purposefully ignore customers who don’t fit a very narrow profile, it’s perhaps surprising that more people don’t simply pick up bags and trot right out the door with them.
In The News(Page 5)
According to the Telegraph, third quarter growth for LVMH weakened to just two percent, an outcome which the conglomerate’s recent shift in strategy probably predicted. Although that’s still growth, it’s certainly a marked shift from what the world’s largest luxury company is used to and the kind of growth its counted on in the past.
As slow as the luxury industry has been to embrace online shopping, it seems as though some of the traditional high-end heavyweights are looking to get really serious about earning your Internet-purchase dollars. Starting today, both NeimanMarcus.com and BergdorfGoodman.com will be offering free shipping and free returns on almost any online order from here on out.
Late last week when LVMH announced that it had taken a controlling stake in the business of young British shoe designer Nicholas Kirkwood, a good portion of the buzz surrounding the sale centered on which other young company might be next.
I recently had occasion to try and recall what the price of a Louis Vuitton Speedy Bag was during my college years, which weren’t so long ago, and only when I came up with the number of $560 did I realize how quickly designer handbag prices have crept up in those intervening eight years.
If you live in Hong Kong, have an impressive handbag collection and find yourself short on cash, you’re in luck – you might be eligible for a handbag loan! According to the Wall Street Journal, one enterprising lender in the burgeoning Chinese luxury retail hub is helping wealthy women, many of them housewives, turn their prized handbags into quick cash, from a couple hundred bucks to many thousands.
And the luxury leather goods slap-fight continues! Just when you thought that LVMH might be appropriately chastened by its multi-million euro fine for using what amounts to using subterfuge and trickery to compile a rather enormous stake in family-owned Hermes, the French fashion conglomerate, helmed by Bernard Arnault, goes and does it again, according to Women’s Wear Daily.