Fashion and Retail: The Year Ahead
This kicks off a WWD five-part series examining the year ahead across all segments of the business. Below, take a look at the retail and fashion categories; On Tuesday, we explored media and entertainment (see coverage HERE); Wednesday, the financial sector (see coverage HERE); Thursday, emerging markets and the supply chain (see coverage HERE); and Friday will look at the beauty industry.
From twin mega-moguls Mary-Kate and Ashley Olsen’s first fashion show for their collection The Row, to Topshop’s Philip Green, to the launch of Reed Krakoff’s new line, here are some headliners to look out for this year.:
Bargain shopping in Japan will be bigger than ever, urban brands aim to target a wider audience and China’s domestic brands gear up with expansion plans:
Abercrombie & Fitch, American Apparel, Bloomingdales and The Big Three (Jones, Kellwood and Liz) are among the companies that have big plans for the year:
The recession and lagging economy continue to plague the fashion and retail sectors, California is still grappling with massive debt and high unemployment rates and early season delivery dates remain—driving end consumers mad:
The clouds in the luxury sector started to lift last November. Stores such as Bergdorf Goodman, Barneys New York and Saks Fifth Avenue have seen a slight uptick in sales, thanks to tourism, some pent-up domestic demand and the stock market holding steady. However, the challenge to reignite the desire for these luxury products still remains:
Through their rich histories and popularity with consumers, Polo Ralph Lauren, Louis Vuitton and Guess Inc. have all remained relevant, even in the most economically trying of times: