Weekly Retail Report

Visions of luxury clouded our dissections of the many partnerships developing this week.

12 April 2010

LVMH announced plans to expand hotel operations siting “considerable demand” for luxury accommodations, which left us wondering “Who are these people?” Exciting nonetheless and we pray Gilt Group can get them on Jetsetter.

In partnerships, Swavorski partnered with Carrie, et al for Sex and the City duex. Minnie Mortimer partnered with Scoop to design “comfortable” and “wearable” clothes that she makes herself. Um, okay. Czech model and actress Eva Herzigova unveiled her 1.2.3. line – a division of France’s Etam group targeted at women in their 40’s at about a $100 price point. The goal, said Herzigova, was to create luxury and affordability. Novel. Diesel will sell it’s chi chi Black Gold label at Barney’s and French designer Isabel Marant makes a partnership with Manhattanites, opening her first U.S. on Broome street (at Greene) and it. its. lovely.

Rock & Republic crossed their fingers that their strategic Chapter 11 bankruptcy filing last week will bait a new investor to help them repay $15 million loan. But overall, March sales boosted retail stocks. H&M was up in the first quarter and some other stuff happened in Bejing. Oh but in respectable retail news, the University of Wisconsin – Madison AKA la alma matter de yours truly) announced they will sever their partnership with Nike due to questionable practices at their Honduras shoe factories. (Nike allegedly closed the factories without notice or severance pay for their Honduran workers.) At least some Go Badgers!

Emma Dinzebach

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