PARIS, France - China's slowdown could be more than just a passing phase for the luxury goods sector, the head of British fashion house Burberry told French newspaper Les Echos in an interview published on Monday. The Chinese economy's 2013 growth looks set to meet the government's 7.5 percent target, but that would still represent the slowest pace of expansion in 23 years. A recent government crackdown on conspicuous spending has also hit sales of luxury items. "This Chinese slowdown is maybe not a temporary accident but a new normal," Burberry Chief Executive Angela Ahrendts was quoted as saying. Shares of Burberry were down 1.7 percent at 16 pounds by 0755 GMT. Burberry CEO says luxury sector may face prolonged China slowdown - News : Luxury (#360361)
Meet the world’s sexiest flash drive. Designers in San Francisco have developed a new gadget that not only stores your data via a USB port but doubles as a sleek, “quiet” vibrator. The Crave Duet USB vibrator comes in two models, 8GB and 16GB, and its waterproof, dual-motor design is USB-rechargeable and comes in three colors — chocolate, black, and crimson. Crave Duet USB Vibrator & Flash Drive
Kunar Patel, AdAge Earlier this week, AdAge featured a story on Estee Lauder’s social media outreach. Estee Lauder used social media to make an ingenious connection to current, new and could be/would be customers by offering free makeovers and photo shoots at its department-store cosmetics counters coast-to-coast. Estee Lauder, Luxury Beauty Brands and Social Media «FMM
Louis Vuitton - Ad Campaign How Should Luxury Brands Engage in Social Media? This past week, Women’s Wear Daily released an extensive recap of the WWD Luxury Forum. The consensus among luxury professionals is that luxury brands and retailers need to build solid marketing foundations online and those foundations (based off of social media) should focus on building communities and keeping audiences engaged.
Alexander McQueen A few announcements in the past couple of weeks have made me ponder the place that real-time social media plays in fashion events. During Toronto Fashion Week, all social media was forbidden during events and shows; organizers blamed weak ticket sales for this shortsighted decision. The media (traditional and “new”) and readers agreed that wasn’t the way to go and some critics even went as far as to say it set the industry back several years. As we discussed in “Fashionably Late to the Party“, it’s only to a brand’s, retailer’s or event’s advantage to leverage the power and the speed with which information is spread across social networks. Fashion Brands, Social Media and Real Time Live Streaming «FMM
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Building a Solid Foundation for Luxury Online - Fashion and Desi
Luxury Lifestyle Magazine | Online Luxury Lifestyle Blog The second week of January is proving to be quite the busy week. With two major award shows falling in one week, the Golden Globes and SAG Awards, headlines were busy announcing winners, best dressed and Oscar nominees. We also got a peek at the newest Target + Designer collaboration and Anna Wintour received a major honor. Read up on the news with this week’s roundup. Shopbop Collaborates With SoulCycle SoulCycle has been the biggest fitness trend of 2013, and with the success ...more
Luxury Brands and their adoption of social media is the topic du jour. The conversations are noisy, speculative and highly theoretical. Every self-proclaimed social media expert seems to have the answer, but their strategies have massive disconnects. Why?
Luxury Institute Homepage The Luxury Institute is the objective and independent global voice of the high net-worth consumer. LuxuryBoard and LCRMA Groups for luxury industry leaders dedicated to building lasting customer relationships. Next Generation Customer Experience: Benchmark Study San Diego – March 18-20, 2014. Complimentary White Papers NEW White Paper Published: Wealth and Luxury Trends 2014 and Beyond.
Digital IQ Index « Luxury Lab The Art and Science of Luxury
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