MILAN — High-end Italian jewelers, aware there is no real antidote to the weak dollar's impact on their prices and the turbulent U.S. economy's effect on exports, have rolled up their sleeves to keep their businesses growing.
Many are adjusting to the adverse euro-dollar exchange rate by absorbing price increases, investing more in design, enhancing services to their points of sales and whittling away any superfluous spending. All their strategies are aimed at keeping a lid on prices, which in most cases will remain flat throughout the year.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)