SARS, a worldwide travel slump and conflicts in the Middle East and other regions have made this year particularly challenging for the $43 billion fine jewelry and watch sector, but many executives are heading into the holiday season looking for an uptick. They feel the economy is showing signs of a rebound and consumers seem to be ready to buy luxury again. This should translate into a stronger-than-expected fourth quarter and trigger a trend that is likely to carry through 2004, executives said.
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)