del.icio.us fashion links for December 1, 2008:
- Tiffany Profit Drops, Cuts Forecast as Sales Fall (Update3)
Nov. 26 (Bloomberg) — Tiffany & Co., the world’s second- largest luxury-jewelry retailer, said profit fell and cut its forecast as sales dropped for the first time in almost seven years amid the global financial crisis.Tiffany predicted full-year earnings of $2.30 to $2.50 a share, lower than the $2.82 to $2.92 it said in August, as revenue retreats as much as 2 percent.
- Heard on the Runway – WSJ.com : Lunchtime Snap: The Continuing Decline of Makeup Sales
Makeup sales are sagging, along with the economy.U.S. sales of makeup decreased 3% to reach $2.6 billion from January through Oct. 31 2008, compared with the same time period a year earlier, according to the latest numbers released today by market-research firm NPD Group. The numbers reflected a worsening of the sales decline that the industry had seen earlier in the year — U.S. makeup sales were down 2% from January through Sept. 30, NPD says.
- The Business of Fashion: CEO Talk | Natalie Massenet, Chairman and Founder of Net-a-Porter
When Natalie Massenet talks, people listen. It wasn't always that way. When Massenet first proposed the idea of selling luxury products online in 1999, she faced more than a few doubters. Nobody doubts her now. - Has Abercrombie Lost Its Shirt?
"Skimpy" has always been Abercrombie & Fitch's (NYSE: ANF) theme. Apparently, it's not limited to the company's apparel and models.Stripping down to just $896.3 million in sales, or 8% lower than last year's showing, Abercrombie's third-quarter top line felt the brunt of the consumer slowdown. Overall comps dropped 14%, and extra markdowns shed 20 basis points from the gross margin
- CEO Talk | Camilla Skovgaard, Shoe designer and entrepreneur
Camilla Skovgaard is one of those rare aberrations of the current economic malaise. - Luella Bartley in profile – Telegraph
Hilary Alexander brings us a special profile piece on the extremely well established British designer, Luella Bartley - Will the Economic Slump Alter February Fashion Week?
As retail sales continue to decline, speculation comes that the traditional runway shows at Mercedes-Benz Fashion Week in February may be nixed in favor of cheaper, smaller-scale presentations. IMG Fashion, the organizer of the shows that take place in the tents at Bryant Park, only recently started taking bookings for February, but is prepping for this different style of show. - Are these the Ugg-liest boots in the world? – Telegraph
Hilary Alexander comments on Ugg's famous boots and the celebrity-clad groups that have been spotted out in them…
