Word: vuittons
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...author cites handbag maker Coach as a firm that fell to earth trying to bridge market segments. Since the 1970s, Coach had been known as a luxury brand with a status more like Louis Vuitton's or Hermès'. But from 2004 to early 2008, the company opened 94 new stores and dozens of outlet shops. By the end of 2007, same-store sales were dipping for the first time in years. Says the author: "Convenience acts like antimatter to aura and identity." Likewise, Motorola took its sleek, fashionable $400 Razr cell phone and flooded the market with...
...analysts scan the landscape they see a virtual Who's Who of battered luxury chains. "Saks and Neiman's sales are horrendous. Tiffany was down 27% in U.S. same-store sales last quarter, Bulgari was down 21%, Harry Winston sales were down 49%, and [LVMH Moet Hennessy] Louis Vuitton down 23%," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail consulting and investment banking services firm. "If you look at Madison Avenue, it's a ghost town in terms of store closings. It's an absolute disaster." (Read "How Consumers Shop Differently Today...
...Leighton Meester frequently show up to events in runway gear. Victoria Beckham - who debuted her clothing label at this season's Fashion Week - has paraded around in everything from a tutu to something that made her look like a space robot. Last May, Madonna wore a pair of Louis Vuitton bunny ears to a gala for the Metropolitan Museum of Art's Costume Institute. Yet even at a place called the Costume Institute, the headpiece looked a little ridiculous. "Of course, Madonna did all the Louis Vuitton ads," Morgan points out, "so I guess it was good synergy." That...
CAPE TOWN Jet setters travel light with Louis Vuitton's Monogram Macassar...
...showed up: Indiscreetly. High gloss and high drama took center stage. At Dolce & Gabbana and Louis Vuitton, exaggerated sleeves and dazzling colors came together for maximum impact. At Balenciaga and Ralph Lauren, soft fabrics and shimmery pastels spelled (slightly wild) romance...