“I feel very confident going forward that we’ll have a strong fall for the Gucci brand,” chairman and chief executive Domenico De Sole told WWD in a phone interview Monday, citing the brand’s sales increases in the U.S., Japan and Europe during the month of August.
De Sole said the brand saw “strong double-digit growth” in both the U.S. and Japan and a “double-digit” sales jump in Europe. He declined to offer specifics. Although he stressed that these figures were not buoyed by promotional sales as they wrapped up in July.
De Sole said leather goods were the main sales drivers and the brand’s horse-bit handbags were experiencing an “unbelievable sell-through on a worldwide basis.”
A hot handbag is especially welcome news for Gucci, which earlier this year suffered a 96.6 percent drop in first-quarter profit. After stumbling last year with a merchandise mix that was too pricy, Gucci has since backtracked and introduced more inexpensive logo items into its stores.
Regarding the European market, De Sole noted that tourist flows to Europe have improved from the first quarter. A strong local customer base also boosted sales in the region, he said.
Other luxury companies that suffered in the first part of the year also indicated that recent trading patterns show promise.
A Prada spokesman on Monday similarly noted that August was a good month, particularly in the U.S. Analysts said Hermès July sales were up 4 percent. Swatch also said its sales had been “positive” in July.
HSBC late last weekstill forecasted a third consecutive year of earnings declines for luxury goods companies this year, but the bank added it is “more optimistic” that the sector likely hit bottom in the second quarter.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia