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’Luxury Fatigue
FT Alphaville, sadly, does not yet suffer from this new condition. We’re told, however, that it’s of growing concern — particularly to the LVMHs and Burberries of the world, who depend on the appetite of wealthy fashionistas for the bulk of their sales.
Abercrombie & Rich
How important is brand image in these economically-tough times?
Abercrombie & Fitch, purveyor of $138 hoodies to US teens and Savile Row shoppers with more money than sense, is refusing to go on sale — even after its third-quarter profit plunged 46 per cent.
Retail datapoint du jour
$270 designer clothes pins just aren’t selling like they used to.
Related link:
Luxury goods fall in price – Short Stories
Landlords prepare rescue deal for retailers
Landlords are preparing a package of measures to help small shopkeepers survive the retail downturn. Small and troubled retailers are to be offered monthly rents, as a group of store chains led by Sir Philip Green’s Arcadia Group and Lord Harris’s Carpetright lead calls for the reform of the centuries-old practice of quarterly bills.