If department stores can’t break their addiction to discounting, designer brands want to help. Brands like Michael Kors and Kate Spade are selling fewer of their products in department stores. Other brands are keeping their items in stores, but insisting that they not be discounted. [More]
designer brands
Michael Kors Pulling Back On Department Store Presence In Effort To Polish Brand’s Image
By 8.10.16
Yet another designer brand has decided to pull back on its department store presence in an attempt to polish up its image in the eyes of consumers and boost flagging sales. Michael Kors announced it will no longer accept coupons for its merchandise sold in department stores, and will be pulling back from that category in general come next year. [More]
Rent The Runway’s ‘Exclusive’ Dresses Turn Up Much Cheaper In Retail Stores
By 12.22.15
Rent the Runway, a company that lets customers rent pricey outfits for special events, now rents out their own brands alongside designer clothes and accessories. There’s nothing wrong with that, but there is something wrong with promoting those brands as if they’re from noted designers, assigning them made-up retail values. Even worse: some of those “exclusive” items can be found on department store websites, where you can buy them for less than it would cost to rent them. [More]
Consumers Love Designer Brands, Hate Products Splattered With Logos
By 6.16.15
The luxury goods industry has a problem: its customers now prefer subtlety. That means that bags that serve as walking billboards yet cost thousands of dollars just don’t sell like they used to. The global rich are now more interested in subtlety and craftsmanship, or they’re tired of feeling like they’re showing off. Maybe both. [More]
Amazon Reportedly In Talks To Purchase Luxury Online Retailer Net-A-Porter
By 3.27.15
Amazon appears to be on the cusp of its largest purchase ever with the potential purchase of luxury online retailer Net-a-Porter. [More]
