MILAN — The Italian leather goods industry is showing signs of recovery after two years of challenges and lackluster performance.
Production and exports grew in the first half of the year, stimulated by the consumers' improved mood and fresh desire to shop and the retailers' need to restock. Italy's gross domestic product is expected to grow 1.3 percent in 2010, tourism is brisk again and companies are turning to new markets to balance softer business in more consolidated and saturated regions. According to Aimpes, the country's industry association, sales of Italy's leather goods totaled 809 million euros, or $1.07 billion, in the first six months of the year, up 9.3 percent compared to the same period in 2009. Dollar figures are converted at average exchange rates for the periods to which they refer.
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)