TIFFANY’S IN STORE: Tiffany & Co. plans to open an in-store shop at Le Printemps department store in Paris next month. While Tiffany does not wholesale jewelry or watches, it has a handful of in-store shops that it operates independently of the stores where they are housed, including Harrods in London and in some department stores in Japan and the Asia-Pacific region, said a Tiffany spokesman. The firm now has 130 sales points worldwide. The Le Printemps location will be its second location in France, and its 12th boutique in Europe. The new location will feature many of the design elements Tiffany has in other stores, including cherry wood accents and stainless steel details. Among the Tiffany collections to be sold there are the Mark and Atlas watch collections, the Lace jewelry line and the designs of Jean Schlumberger, Elsa Peretti and Paloma Picasso.
FERRAGAMO FRIDAY: The Committee of 200, a professional women’s organization, will name Wanda Ferragamo the Entrepreneurial Champion of 2002. Ferragamo, who serves as chairman of the family-run fashion and accessories house, will receive her award at the group’s sixth annual Luminary Awards ceremony in New York on Friday. Also on Friday, Salvatore Ferragamo is the presenting sponsor of The Long Island Antiques Show preview party to benefit the renovation of the critical care unit at the North Shore University Hospital at Glen Cove. The event is at the Hay Barn of the Planting Field Arboretum in Oyster Bay, 6 p.m. until 10 p.m., with a live auction at 8 p.m. Included in the auction will be a trip to Florence, a pair of magnolia trees, Verdura jewelry, a New Zealand adventure, a Memorial Day weekend in Newport, R.I., among other holiday packages and items. Each year, the Long Island Antiques Show raises money for the North Shore Long Island Jewish Health System.
WHAT’S IN AN AGE?: If the age happens to be 17 or older, one answer is plenty of licensed-apparel business. That group bought 87 percent of licensed fashion goods sold in the U.S. and Canada last year; 75 percent of activewear, and about 78 percent of the items sold under lifestyle brands, like surfwear, according to new data from The Licensing Letter. The Licensing Letter’s first-ever breakdown of licensed sales by age group further found consumers 16 and older bought 62 percent of overall licensed merchandise sold in the U.S. and Canada during 2001, representing $44 billion of a $70 billion market. Licensed fashion captured the largest share of adult purchasing, followed by art products. While adults buy the most licensed activewear, licensed sports merchandise is dominated by tweens, spurred by their consumption of interactive games.
This story first appeared in the October 24, 2002 issue of WWD. Subscribe Today.