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An "accessible luxury" brand is buying a "high fashion" shoe and accessories brand for £896 million as American mall traffic continues to decline and consumers have gravitated towards either extremely cheap or extremely expensive fashion products:
Many upscale retailers are grappling with plummeting sales and tepid profits. Mall traffic in North America has declined sharply, and deep discounting tactics have resulted in some luxury labels losing much of their luster with core customers.
Shoppers who have traditionally been loyal to the so-called middle market have gravitated toward brands at extremes of the style, and price, spectrum. That has benefited e-commerce giants like Amazon, fast-fashion brands like H&M and Zara, and luxury houses like Gucci.
And it has left companies like Michael Kors — once the runaway leader of the "accessible luxury market" — exposed.
[...] The shoemaker was founded in 1996 by Tamara Mellon, then accessories editor at British Vogue, and the Malaysian cobbler Jimmy Choo. It shot to fame thanks to a slew of celebrity patrons, including Diana, the Princess of Wales, and the actress Sarah Jessica Parker, who embraced its signature sky-high stilettos and the vampish aesthetic for which it became known.
After three cycles of private equity ownership, it became the first luxury footwear brand to list on a public market in 2014. Prices range from $425 for flat shoes to $1,795 for over-the-knee suede boots, while small clutch handbags start around $700, according to Jimmy Choo's website.
(Score: 3, Insightful) by c0lo on Wednesday July 26 2017, @07:35AM (6 children)
I couldn't get a T-shirt to last me more than 2 years without getting deformed or split at the seams.
I reckon the fabric and the sewing threads that they use today is not what was used to 20 years ago.
3, max 4 years for a t-shirt is all I could get lately before it lands into the rags basket.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 0) by Anonymous Coward on Wednesday July 26 2017, @08:34AM (3 children)
It's probably how you wash/dry them that is at fault.
Apart from a few accidents during washing most of my shirts held for 10 years.
(Score: 2) by c0lo on Wednesday July 26 2017, @08:50AM (1 child)
Well, yeah, I admit - machine washing.
Front loader, set on "daily wash" program (40C, 1 soak cycle, 1 detergent, 2 rinse cycles) - loaded with the week worth of tees and shirts (single wear before washed), dried outside on a rope.
Not the most gentle wash, but again not the most aggressive.
And the "mileage varies" based on the brand - I found that the tees from certain places do tend to last longer (almost the full 4 years) - denser, more regular fabric, with seams on the sides (as opposed to a "seamless tube fabric" tees - those go out of shape in less than half of an year).
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by deimtee on Wednesday July 26 2017, @04:47PM
I have found that Egyptian and Indian cotton shirts far outlast any cotton that comes from China. Several of my favorite shirts are from India.
Getting harder to find these days though. Everything is made in China.
If you cough while drinking cheap red wine it really cleans out your sinuses.
(Score: 2) by c0lo on Wednesday July 26 2017, @08:57AM
Well, yes, the shirts last longer then the tee-shirts.
Unfortunately, not at the 10 years mark - the cuff and the corners of the collar get worn out after 4-5 in my case.
I'm usually having/using 10 "business" shirts, single day wear, washing them at the end of the week (so every shirt gets about 25 washes/year).
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 1) by shrewdsheep on Wednesday July 26 2017, @08:55AM (1 child)
Hm, .... Did you check your waist circumference recently? Just a thought...
(Score: 3, Funny) by c0lo on Wednesday July 26 2017, @11:04AM
Mmm.... I'm afraid to
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford