PARIS —Matchesfashion.com on Thursday, at the launch of the Paris leg of its “In Residence” symposia, presented the results of the first IFM/Matchesfashion.com fashion index focused on the shopping habits of the French luxury consumer.The retailer for its "In Residence" program, celebrating its 30th anniversary, has taken over a hôtel particulier on the Rue de l'Université in the 7th arrondissement here, with highlights from its fall collections and designer exclusives presented in the site's historic rooms, offset by lavish flower displays.Conducted with the IFM, the study analyzed the shopping habits of 1,031 French consumers from across a range of age groups over the past 12 months, with a breakdown of 59 percent women and 41 percent men. It focused on the luxury apparel and accessories segments.Ulric Jerome, chief executive officer of Matchesfashion.com, said the motivation came from the dearth of data on consumer habits in the luxury market in France. A new index will be presented every six months to show how the market evolves, he said.France is the fifth biggest market for Matchesfashion.com, with the U.S. in the number-one spot, followed by the U.K., where the retailer is based. Around 80 percent of sales are generated abroad, according to Jerome.Among interesting findings in the report, Jerome singled out the fact that women and men share a similar buying rate online, with 46 percent of women and 44 percent of men having made online purchases over the past year. Today, men’s luxury fashion goods make up only 20 percent of total sales at the luxury retailer, he said, a figure he expects to "rise to around 37 percent of total sales over the next two to three years."The youngest age group — in the 18 to 24 bracket — came out tops in terms of consumers who had made online purchases of luxury apparel over the past 12 months, compared to 15 percent in the 55-plus age bracket, with Millennials having adopted the “digital first” shopping habit, Jerome said.According to the report, 57 percent of consumers of luxury goods in France said they “systematically” look for information on luxury brands online before making a purchase. The study also showed that consumers are no longer afraid to splash out online. One in four of the shoppers interviewed had spent more than 1,000 euros, or around $1,000 at average exchange, on online luxury purchases in the period.Though 90 percent of people interviewed make their online purchases via computer, 34 and 28 percent said they were open to the idea of making purchases via smartphones and social networks, respectively. A whopping 65 and 68 percent said they were open to using virtual and augmented reality to help make their purchasing decisions.The “In Residence” showroom is open to the public beginning today, with a three-day program of well-being, art and fashion events running through April 22. They include roundtables on subjects ranging from art and fashion to the hot new well-being players in France, with participants including Isabel Marant, Erdem Moralioglu, and Pamela Golbin.New York kicked off the retailer's “In Residence” tour on April 5 at a townhouse on 2 East 63rd Street, with the Los Angeles leg scheduled for April 25 to 27.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews