Welcome To Poland’s First Louis Vuitton Store: “Open Your Bag Please”
Woo Andy Murray, woo! Wearing the same dress just days after she gave us a first glimpse via Twitter sparking the ultimate fashion fight with Kate Moss VB deemed the AW13 slip fit for Centre Court. Not the injection of summer brights that we’ve come to expect at Wimbledon, the British designer threw the rulebook out the window with this dark and lacy number. Getty – Handbag Victoria Beckham champions Louis Vuitton AW13 for Wimbledon final Proving she wasn’t altogether against colour, Kim Sears was sporting a mint green dress by Victoria by Victoria Beckham across court. Thankfully VB left her look free from accessories as she paired the check print with a wispy updo and staple aviators.
LVMH Lipstick Growing Bigger Than Bags as Vuitton Slows: Retail
Its also expanding in Latin America and Asia, aiming to attract middle class consumers driving growth in emerging markets. PPR, by contrast, is getting out of mass retail. The company aims to spin off its Fnac media and electronics chain and dispose of online fashion seller La Redoute this year. Its also closing stores at sporting-goods maker Puma SE (PUM) as it combats declining non-luxury sales. Luxury Hangover LVMHs Selective Retailing division will have sales of 14.7 billion euros in 2017, Sanford Bernstein estimates. The units 13 percent compound annual revenue growth, fueled by Asian and Latin American shoppers, is almost double the brokerages estimate for LVMHs fashion and leather-goods business and about three times Euromonitors forecast for luxury overall. Slowing luxury demand isnt unique to LVMH. After binging on goods from Rolex watches to Hermes (RMS) Birkin bags, shoppers have cut spending as the economy splutters. Consumption is weaker in Europe, Taiwan and Korea and China isnt as buoyant as it was two years ago, PPR Chief Financial Officer Jean-Marc Duplaix said in April after its Gucci brand reported its slowest sales growth since 2009, excluding currency swings. Yet Sephora and DFS keep growing.
The label is strong enough to have a very simple sale strategy: no sales, no discounts and no outlets. Products are available only in the Luis Vuitton stores. Though I could swear I saw a Luis Vuitton shop in the British luxury brands outlet in Bicester Village, near Oxford. That is not possible, Eggs says. But I was there a couple of months ago and saw it with my own eyes, I insist. We are not there, he says. Sneering, I check the website of the outlet and realize I need to wipe the smile off my face: There are Burberry, Fendi, Furla, Kate Spade and Prada stores but no trace of Luis Vuitton. Louis Vuitton doesnt bargain, and the label insists that its employees know why. Salespeople are invited to participate in workshops held in the firms six French sites, so that they can witness how much heart is put into the creation process. Are you not going to stay for the press conference? asks Eggs.
Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says
The trunk maker owned by Paris-based LVMH Moet Hennessy Louis Vuitton SA (MC) lifted prices on bags such as the Speedy and NeverFull by about 10 percent in the euro region, Antoine Belge , an HSBC analyst, said today in a note to clients. Vuitton raised prices by at least 10 percent in the U.K. and U.S., and by 5 percent to 10 percent in Asian markets including China, Hong Kong, Taiwan and Singapore, the analyst wrote. The euros strength against some currencies may lead LVMH to charge more, Chairman and Chief Executive Officer Bernard Arnault said Jan. 31. Vuittons price increase in Japan, the biggest ever by the brand in the country, was taken to offset the impact of the yens slide on sales, the company said Feb. 20. In addition to protecting margins, the price increases must be seen, in our view, as a means to accelerate LVs repositioning towards more leather, Belge wrote. The decision will probably weigh on the number of items sold, though its the right thing for brand equity longer term. Vuittons 2013 sales may rise 6 percent, excluding currency moves, while volume may decline 2 percent to 3 percent, Belge wrote. His estimate assumes a high single-digit average price increase, including unchanged prices for most leather bags.
Sorry Louis Vuitton, China’s No Longer Into You
Not by a long shot. Its firmly in the No. 2 spot. Louis Vuitton Handbags David Sadigh, Founder & CEO of Digital Luxury Group,said Louis Vuittons weak first quarter had a lot to do with China being over-sold the brand. Brands from different segments ranging from Chanel to Coach or Burberry are continuing to grow. The Chinese market is still developing.