NEW YORK — From launching categories to opening more stores around the U.S., accessories executives, whatever their successes or disappointments were in 2004, are approaching the new year focused on business and personal growth.
WWD polled top executives on their goals for 2005, and what their best accomplishments and biggest mistakes were in 2004. Here’s what they had to say. Stanislas de Quercize, president and chief executive officer, Cartier
“We are very pleased with the new partnerships we’ve created. We have a new boutique with London Jewelers in Manhasset [N.Y.] and a new boutique with Neiman Marcus in Houston. This year, we renovated our stores in Bal Harbour [Fla.], Costa Mesa [Calif.] and the Royal Hawaiian [a mall in Honolulu]. And we are very pleased to see the Santos line [of watches] be a bestseller.
“The biggest disappointment is the fact that women are still shying away from wearing watches when they get married, and in the evening they don’t wear jewelry watches as much.
“Next year, we will go ahead with major renovations in our boutiques in Chicago, Los Angeles and Houston, and new partnerships. We are opening a new boutique with Steve Wynn in Las Vegas.”
Reed Krakoff, president and executive creative director, Coach
“I think one of the biggest accomplishments is the continued balance of a brand with large sales, but one that is run like a small company. The biggest accomplishment for us is maintaining and accelerating the rate of growth after a number of years of growth. This year, we introduced a lot of new ideas for Coach such as Madison, which was an evening collection with a new attitude the consumer reacted well to.
“A personal mistake was that burgundy velvet suit I had custom-made, and before I ever wore it, I gave it away.
“For 2005, we’d like to maintain the momentum at Coach while balancing life and work. One personal goal is to finish the renovation of our house in the Hamptons. I am also working on publishing a book on [industrial designer] Ron Arad — a goal is to finish that.”Andy Spade, chief executive officer and creative director, Kate Spade
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)