Word: coached
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Within 12 months, Elfers had streamlined the merchandise, discarding $350 million worth of retail volume. Out went Liz Claiborne, Tommy Hilfiger and Nautica to make room for Coach, Kate Spade and Tommy Bahama. "The big theme that drives retail is getting back control of the brand, which is what they've tried to do," says Chen. "The Starbucks theory [of always expanding] doesn't work for fashion." Since 2003 Lord & Taylor has replaced 85% of its merchandise and reduced its style count 45%. The current 47-store chain is more akin to a specialty store: manageable, edited and easier...
...that fashion designers were stars, and when it came to time-honored accessory brands, consumers didn't really know?or care?who designed the goods as long as the logo or label was there. But times have changed. From Marc Jacobs at Louis Vuitton to Reed Krakoff at Coach, the name behind the bag, not on it, is becoming more and more familiar to shoppers. The most recent addition to this crowd is burgeoning American fashion star Derek Lam, who in December signed on to become the first creative director of luxury Italian leather-goods brand...
VANCOUVER Vintage details are a trademark of Coach's Bleecker...
...Balbina Wong. The deputy chairman and CEO of luxury-brand management and distribution group ImagineX, as well as its retail-management sister company the Walton Brown Group, Wong, 64, has played a pivotal role in the expansion plans of brands like Ferragamo, Hugo Boss, Marc Jacobs, DKNY, Tumi and Coach into what is predicted to become the world's biggest luxury market...
...nice thing is that at each level, we have quality,” head coach Tim Murphy says. “We don’t necessarily have depth at each level, but we have quality...