Retailer sees Gap for upmarket boutique – Business News – Business – The Independent
US clothing giant Gap is looking to bring its new luxury boutique chain to the UK.
Intermix â€“ whose biggest fan is the reality TV star Kim Kardashian â€“ was bought by Gap in January for $130m (Â£85m). It has around 30 shops in the US and Canada and sells upmarket brands such as Yves Saint Laurent and Rag & Bone.
Sunday Times Rich List – Fashion’s Wealthiest – Sir Philip Green Beckhams Westons (Vogue.com UK)
SIR Philip Green and the Weston family have once again been named fashion’s wealthiest, according to the 2013 Sunday Times Rich List. The annual compilation of Britain’s richest was published yesterday.
George and Galen Weston – who own the Selfridges stores and have stakes in Primark and Fortnum & Mason – were placed 11th in the overall list, with a combined family fortune of Â£6.65 billion – up Â£750 million from 2012.
Target Canada: Small businesses set sights on shelf space in stores | Entrepreneur | Financial Post
When Target opened the doors of its store in Toronto’s east end recently, the splashy launch party featured some Canadian celebrities â€” Elisha Cuthbert among them â€” and food stations offering up local delicacies such as poutine. But that wasn’t the only Canadian content in sight â€” there was also some of it filling the shelves, notably a limited edition collection from Canadian retailer Roots, and collections from brands such as Foxy Originals, which launched a line of jewellery for Target Canada stores.
The Lululemon rival that grew rapidly with almost no advertising – The Globe and Mail
For the yogawear-meets-streetwear set, the stylized “Aâ€ logo of Lululemon’s stretchy, form-fitting apparel has been ubiquitous for years. But look closely and you may soon begin seeing another Canadian brand making its mark, with an umlaut.
LolÃ«, an apparel brand out of Longueil, Que., has grown rapidly over the past couple of years, its stretchy wear appearing in fitness classes and jackets filling the closet of a baby shower near you.
Survey: Women still prefer shopping in store – Ecommerce – BizReport
The Internet is abuzz with the trend of shopping via mobile device, but one new report shows that most woman still prefer traditional shopping methods. According to new data out from Swirl about 53% of woman say they ‘prefer’ shopping in-store to shopping via smartphone.
Hermes takes majority stake in watch case maker | Reuters
French luxury group Hermes has acquired a majority stake in Swiss watch case maker Joseph Erard, another step in a wave of consolidation that has seen watch industry players integrated in large luxury concerns.
China’s appetite for luxury spurs Burberry – Telegraph
Concerns that China was losing its taste for designer goods were stoked this week when the owner of Louis Vuitton posted its lowest quarterly sales growth since 2009 as demand from China proved sluggish.
However, Burberry has been more upbeat on China of late and on Wednesday, the purveyor of handbags and trenchcoats posted a 15pc jump in Asia Pacific sales to Â£447m. Burberry said that performance had been led by China, particularly around New Year celebrations, when customers snapped up items in the colour red, which is regarded as lucky.
Great Gulf | Great Gulf Styles its Service Team with Help from Toronto’s Bustle Clothing
Off the heels of Bustle Clothing’s successful menswear show at MasterCard Fashion Week, Great Gulf is pleased to announce that it has selected the Toronto designers to create custom uniforms for its frontline service team. The uniforms, currently in development, are being designed to reflect Great Gulf’s revamped branding and to ensure that right from the moment people walk into a sales centre to the time they move into their new home, there is a consistent brand image reflecting leading-edge design.
Unlikely expansion: When retail brands go wholesale – The Globe and Mail
Aldo Group Inc. is on the hunt for retail space â€“ inside the stores of other retailers, as the shoe specialist pursues a cost-conscious expansion in which it is teaming up with a growing roster of indirect rivals.
Merchants ranging from Aldo to fashion purveyor Joe Fresh (owned by grocery giant Loblaw Cos. Ltd.), Reitmans (Canada) Ltd. and Hudson’s Bay Co., have stepped up their partnering efforts, even as they raise the stakes by being tied to sometimes unstable chains.
Canada Goose seeks new investors: sources – The Globe and Mail
Winter clothing maker Canada Goose Inc. has appointed investment bank Canaccord Genuity to explore options and perhaps tempt new investors as demand soars for its fashionable gear, according to sources.
Industry sources said the fast-growing Toronto-based company might consider an outright sale. But Canada Goose said it is, at most, seeking to sell a minority. “We’re certainly exploring options to introduce additional equity into the company,â€ Canada Goose CEO Dani Reiss told Reuters on Monday.