The watch world received an influx of new players in 2002, in what was already a crowded marketplace. Among those that jumped into the scene are big-gun designer names such as Yves Saint Laurent and Prada, as well as new and revamped lines from...
The watch world received an influx of new players in 2002, in what was already a crowded marketplace. Among those that jumped into the scene are big-gun designer names such as Yves Saint Laurent and Prada, as well as new and revamped lines from Burberry, Christian Dior, Hermès and Yves Saint Laurent.
Jewelers Tiffany & Co. and David Yurman are stepping up their efforts in watches. The Italians are also getting more aggressive in the watch arena, with firms such as Grimoldi, Damiani, Garavelli, Pomellato and Locman increasing their watch efforts on these shores.
Heading into 2003, many wonder if there is room for everyone and some companies are already scaling back their distribution to address a difficult retail environment. The Swatch brand, for example, is focusing on its retail business and cutting back its wholesale distribution.
Also, expect to see more consolidation in a sector that is now dominated by huge conglomerates. A few key companies — The Swatch Group, LVMH Moët Hennessy Louis Vuitton, Compagnie Financière Richemont AG and Movado Group — control much of the action now, and independent firms often lack the muscle to keep up with the big guns. The Swatch Group had sales last year of about $2.9 billion, Richemont’s watch sales were $1.7 billion and LVMH’s watch and jewelry sales totaled $480 million. Movado Group’s sales last year were about $300 million.
Industry watchers say that brands with heritage and well-known names are poised for the best future. Rolex, for example, remains a consumer favorite and more mass names such as Bulova and Timex keep on ticking.
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion