DALLAS — Accessories, the fastest-growing business at Valentino, are spotlighted at the company's newest store at NorthPark Center here.
Handbags and sunglasses are prominently displayed at the front, followed by a middle space for shoes, evening bags and the cash wrap, with women's ready-to-wear at the rear.
"In many markets around the world we are dedicating a higher share of square footage to our accessories, without taking away space for ready-to-wear, which will always remain the core of our business because it is the essence of the brand," explained Graziano de Boni, president of global sales, marketing and retail for Valentino.
Accessories represent a quarter of brand revenue and have been growing more than 30 percent annually for the last three years, he said.
Overall, Valentino will post record worldwide wholesale and retail sales this year, de Boni said. He declined to disclose figures.
At 2,700 square feet, the Dallas unit reflects the company's expansion of average store size from about 2,300 square feet. It continues the ebony oak and white limestone decor originated several years ago by architect Antonio Citterio and updated this year in Rome for the company's 45th anniversary.
Valentino opened Nov. 23, situated between Bottega Veneta and Giorgio Armani and across from Cartier and David Yurman in an all-luxury corridor developed over the past two years. The brand has long been carried locally at Neiman Marcus, Stanley Korshak and Carla Martinengo.
"Dallas has always been on the map for us to open a store, and Texas in general has always been a great market for the Valentino brand," de Boni said. "Of all the centers in the Dallas area, it was a natural for us to open at NorthPark because of the work they have done and because of [the mall's] location."
Valentino's 68 stores account for half of the business worldwide, and Dallas is the eighth in the U.S. The company is scouting for sites in San Francisco and Chicago, and plans to open stores next year in Bahrain and Qatar with a probable unit in Moscow in 2009.
"We are not rushing to open stores," de Boni said. "We believe that retail is a major component of our business development, but not at the expense of the profitability of the business. We believe the stores should be making money. They are not just advertising."
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion