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Just last week, Saks Inc. announced plans to become the first foreign luxury department store in China, featuring prestige products like those in Saks Fifth Avenue stores in the United States. fashion designer Tommy Hilfiger, whose first China store opened here in 2002, now has 40 stores in 23 Chinese cities and plans more. Immediately after launching this year's spring line in New York, Hilfiger flew to Shanghai to showcase the new fashions. "Just in the past couple of years, during the fashion season, you see more shows than in New York!" says Tito Tan, who used to run an eventmanagement company in Shanghai. "But it's not just product launches; it's relaunches, or to let people know a store is open, or because a CEO is in town. Here, if Armani does a fashion show, Gucci has to do one. They'll spend $1 million and invite 1,000 people." Five years ago, buyers from mainland China represented just 1 percent of world sales of luxury handbags and other accessories. Now, the Chinese are the thirdlargest consumers of luxury goods, accounting for more than 12 percent of global sales, according to a study by Goldman Sachs.

It appears KORS, if it can sustain its current trajectory, can easily beat the 9.8% implied growth rate from the DCF calculation. Conversely, RL will need to adjust its business model to attain its implied valuation. 2. Comparable Store Sales Analyzing comparable store sales will help us determine if growth is attained through store count expansion or through additional demand. Higher comparable store sales show that each store is generating more revenue, which is much more sustainable for growth. Michael Kors has achieved very high samestore sales growth, while Coach and Ralph Lauren are lagging. By analyzing the number of stores each retailer has, it is clear that KORS is expanding the most, increasing its store count significantly. This trend will likely continue as KORS' cashflow from operations increases (223% increase in CFO since 2011). In 2013, RL's revenues increased only 2.9% due to the closing of 867 stores and a 3% increase in comparable store sales. If this trend continues, RL will eventually experience negative topline growth. Similarly, COH is shutting down its stores, though growth is primarily driven through internet sales.

Mark Weber brings a breadth of brand development and operational skills that will be invaluable to DKI as it focuses on growing its sales and profitability." Donna Karan, DKI's Founder and Chief Creative Director, said, "We have built the Donna Karan International brand, designed by a woman who understands women and her families' needs, from day to night, inspired by the city and its energy, through fashion that embraces function and fantasy. With the support of LVMH and the benefit of Mark Weber's experience, I believe we can take DKI to the next level of growth and success as a fashion leader around the world." Mr. Weber said, "The Donna Karan brand is a leader in American fashion, and the opportunity to put my experience to use at DKI is enormously exciting. I look forward to working with Donna, an icon of the American fashion industry, and the whole DKI team. market." At DKI, Mr. Weber succeeds Jeffry Aronsson, who has been President CEO since November 2003. Antonio Belloni, LVMH Group Managing Director, said, "We thank Jeffry for his dedication and contributions to the Donna Karan brand and wish him success in his future endeavors."

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To further grow the business, Coach has outlined its strategy of (i) raising its brand awareness and market share in underpenetrated Asian market with China being the top targeted market (ii) growing its woman's business in North America and European market (iii) increasing its men's business in North America and Asia (iv) maximizing ecommerce salesWhy is Coach a screaming buy?Coach is a great company to invest in for a multitude of reasons. Coach has executed its strategy successfully over the past decade. Its revenue has grown progressively every year at a compounded growth rate of 21%. This is a mean feat considering that it is in a highly competitive sector. It has also showed that it is able to grow through strong or weak economies as evident by the increase in sales in 2009. The ability to keep increasing revenue shows the strength of its pricing strategy.An Update On Rapid Systems In Mobile Phone Case It also comprises a nonbulky belt clip that remains durable, despite its slim nature and also the clip allows it being affixed for your belt, waist, bag or purse.

It's important to sell what's in the store. Burberry's approach has required an overhaul of the company's supply chain, from when yarns are dyed to when leather is procured. The company is promising customers who order the runway items outerwear, makeup and accessories that they will receive them within seven weeks, versus the normal four to sixmonth lag between the runway and the rack. "It's one thing when you're talking to the industry that's used to a sixmonth turnabout," said Mr. Bailey of Burberry. "It's very different when you're talking to a direct customer." In catering to customers, though, Burberry and other design houses need to be careful not to lose their appeal by seeming common, said JeanNol Kapferer, a luxurymarketing consultant and professor at the business school HEC Paris. "The Internet helps build the awareness and desire by letting so many people peep into the catwalk," Mr. Kapferer said in an email. But "if too many people can buy it," he said, "the brand loses its exclusivity."and Clint Black Are B. Fleck and J. Lo the new Rhett Butler and Scarlet O'Hara?

almost all of the influences for my own label Hillier come from either children's books, childhood memories of mine or from a playful childlike point of view. 'When I started to think about the design of Pudsey, I wanted to make sure that children would understand it and would be drawn to it.' Erdem added: 'It is a cause I believe in and it was fun to work with Pudsey. He was very pleasant!' Henry Holland agreed saying: 'Pudsey was great to work with and not as much of a diva as I had thought!' WHY DIDN'T THEY design lots of pudseys from recycled/reused materials. Think floral gingham curtains, cath kidstonesque in a nature. Something that was cheerful to look at and pleasing to the eye. Made them and sold them off to joe bloggs. Its terrible someone was paid money to get this idea off the ground. Did anyone think to survey the demographic of people who buy into these designers and luxury brands by comparison to those whom actually donate to charities. And really Henry Holland's offering is just pitiful.and folks are enjoying it With designer coach shoulder bags, you will always attract people attention.

He dropped the plan when it became obvious that the Obama administration had no intention of pushing Karzai from power. Working the phones late at night from his home in the San Diego suburbs, Clarridge maintained a network of spies who were gathering information on Taliban groups such as the Haqqani network. Through a Pentagon contract overseen by Lockheed Martin, Clarridge and his team were paid $22 million for their work and filed of intelligence reports to military commanders in Afghanistan. The CIA had always been unhappy about Clarridge freelance spying operation, and his contract was not renewed in 2010. He was angry that his former employer to be the reason that the operation had been shut down. Mazzetti, a national security correspondent for the New York Times, asserts that the on terror has damaged the CIA ability to understand the really important political developments in the Muslim world, such as the Arab Spring. As a senior Obama official explained, noting the agency emphasis on drone strikes and hunting down alQaeda leaders: CIA missed Tunisia.

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successful and was voted the most popular line in the Advertising Hall of Fame . Coined words, puns, jingles and even madeup words (like Louis Vuitton's "Epileather") are also ways to make a tagline stick. Simply being easy to remember isn't enough. Taglines should also build positive brand perceptions through imparting good feelings. Evocative vocabulary is one powerful way to create meaning. Since slogans are made for shorter running advertising campaigns, it is important that they stay relevant to their target market. Taglines, on the other hand, should not strive to be trendy at the risk of sounding dated after a few years. Since a good tagline stands the test of time, it should work across a variety of mediums, functioning like a thread that unifies the stories together. Consistency is crucial: numerous taglines and continual changes confuse consumers and dilute brand equity. H Block, a leading taxpreparation company, flipped between the slogans "America's tax team," "Just plain smart," and its current "Get it Right" in just a few years. The fragmentation risks leaving consumers unable.

In his role at LVMH, Inc., Mr. operations, which have grown very substantially in recent years. He will also have global responsibility for the Thomas Pink brand, bringing to bear his extensive experience in the shirt business. Mark Weber's Background Mr. Weber, 57, spent more than 30 years at PVH PVH Poudre Valley Hospital (Fort Collins, CO, USA) PVH Phillips Van Heusen Corporation PVH Pulmonary Venous Hypertension PVH Pinocchio Village Haus (Walt Disney World) PVH PeriVentricular Hemorrhage , one of the world's largest apparel companies, where he held positions of increasing responsibility in areas including product development, marketing, and licensing, serving most recently as CEO. During his career there, he spent seven years as President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for daytoday management, usually the president or an executive vicepresident. , overseeing all of the operations of the company. Following PVH's 2003 acquisition of Calvin Klein, Mr.

Unlike the James Bonds that came before him who all liked the traditional looser, longer cut of a Savile Rowstyle suit, Craig, whose wardrobe is created mostly by Tom Ford, takes his suits Euro style with tapered legs and shorter rises. There's no question Craig's super spy Bond will go down in history as one of the best, but it's fair to ask if he could pull off those impressive chases in clothes that tight. Supermodel reunion at the London Olympics. Gold was the new black at the closing ceremony with a parade of supermodels wearing gilded gowns in a tribute to British fashion. Kate Moss and Naomi Campbell both had on Alexander McQueen, Georgia May Jagger's was by Victoria Beckham, Karen Elson was in Burberry, and Stella Tennant donned a Christopher Kane Swarovskicrystal catsuit. The soundtrack of course was David Bowie's "Fashion." Another supermodel reunion at New York Fashion Week. Alexander Wang's show has become mustsee viewing, partly for influential hipster clothes, but also for the model lineup, a who's who of top catwalkers.

The Last Word:What are Anita Lopez's chances?I can't answer until you fill out the paper work. And you have to prove you are "knowledgeable"? Keith C. Burris has been a journalist for 30 years and has written widely on politics, government, culture, and the arts for publications ranging from Commonweal to The New York Times. He worked previously for The Blade from 1986 to 1989. For 25 years he lived in Connecticut where, for 21 years, he was editorial page editor of the Journal Inquirer, in Manchester. from the University of Pittsburgh and has taught at a number of American colleges and universities. He and his wife Amy, an artist, have three grown children Alexander, Sophia, and William.and Art Deco Buildings We know you have heard of Copacabana and Ipanema, but what about the Flamengo district in Rio? I bet you do not know that the Flamengo neighborhood hosts the most amazingly designed buildings in Rio, including the famous Biarritz, the Flamengo "little Castle" and even a Carioca version of New York's legendary Dakota building.

It was a coup even for him, however, to get the likes of Gisele Bundchen, Carmen Kass, Frankie Rayder and Shalom Harlow, who all very rarely do shows, to walk in February. Start the wish list now of who he'll nab for his debut at Balenciaga next year. Miley Cyrus' cropped cut. When Cyrus cut off the long hair her fans had become used to, she took some heat. She has said (and Tweeted) repeatedly, though, that she was pleased with the new punkpixie look and was sticking with it. Short hair turned out to be a big trend, with Alicia Keys, Rihanna and Anne Hathaway all ending the year with much shorter locks than they started with. Julianne Moore at the Emmys. Moore's neonyellow Dior Haute Couture outfit (really a sweater and ball skirt) spawned a loveitorhateit debate among armchair style critics. What was largely left out of that conversation, however, was that it was Raf Simons' big celebrity debut for Dior, which he took creative control of after the John Galliano scandal. At least Simons can claim the better reviews when it came to his showdown of nextgen designers at historic French houses against Hedi Slimane at Saint Laurent Paris.

It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of LVMH LVMH Mot HennessyLouis Vuitton (upscale retailer) MoE1/2t Hennessy Louis Vuitton The Louis Vuitton Company (more commonly known simply as Louis Vuitton) is a luxury French fashion and leather goods brand and company, headquartered in Paris, France. ("LVMH"), the world's leading luxury products group, today announced that Mark Weber has been appointed CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LVMH, Inc. Mr. Weber will also have operational responsibility for Thomas Pink worldwide and has been named a member of the LVMH Group executive committee. Bernard Arnault, Chairman and CEO of LVMH said, "Donna Karan is an iconic brand in the United States, with great potential to grow around the world. We are committed to building DKI and look forward to its success in the years to come.

Given the dynamic situation in Japan, it is too early to quantify the ultimate long term effects of the earthquake and tsunami on the global economy or The Hartford's financial results, Lapierre said.And I'll Scratch Yours Elvis Costello The Roots: Goldfrapp: A bit of concept album from Goldfrapp this time around. A musical shift away from the electropop of the past couple of albumsgorgeous, haunting. Trouble Will Find Me The National: Trouble Will Find Me I like melancholy. He wears custom made flowerpatterned shirts always. This is a book of reminiscences about the fashion industry. "Whose world is more demented? The world of the insane or the world of the insanely fashionable?" If you think you know the answer to that question Doonan might change your mind. Witty, insightful, bitchy and tender. A postsummer 'summerread.' Roland Boer: Lenin, Religion, and Theology (New Approaches to Religion and Power) The latest from Roland Boer exploring the explicit statements made about religion by Lenin, and an exploration of his love of the parables and sayings of Jesus.

Don't get me wrong, I love my designer labels and overseas holidays as much as the next Louis Vuitton shopper. I get a buzz out of fine dining and one day hope to drive a Merc. All these things give me pleasure but they're not what makes me happy. The stuff that makes me happy is usually free or roughly costs $25 to $30. Going for a drive down the coast (in my beloved Toyota Corolla), $30 petrol. Strolling on the beach during sundown, free. Fish'n'chips for two in the park, $25. Waking up next to the man that I love with my boofy hair and all, priceless. You can be with someone for money and pretend to want the same thing but without love you're kidding yourself. Love is what gives you strength when all else fails. It lifts you when things don't go your way and gives you the strength to walk away from those that don't make you happy. A priest at a friend's wedding said it perfectly when he said love isn't when you are with a man because he looks like Brad Pitt, has Einstein's brain and Woody Allen's humour. Love is when you are with a man even though he looks like Woody Allen, has Einstein's humour and Brad Pitt's brains.

successful and was voted the most popular line in the Advertising Hall of Fame . Coined words, puns, jingles and even madeup words (like Louis Vuitton's "Epileather") are also ways to make a tagline stick. Simply being easy to remember isn't enough. Taglines should also build positive brand perceptions through imparting good feelings. Evocative vocabulary is one powerful way to create meaning. Since slogans are made for shorter running advertising campaigns, it is important that they stay relevant to their target market. Taglines, on the other hand, should not strive to be trendy at the risk of sounding dated after a few years. Since a good tagline stands the test of time, it should work across a variety of mediums, functioning like a thread that unifies the stories together. Consistency is crucial: numerous taglines and continual changes confuse consumers and dilute brand equity. H Block, a leading taxpreparation company, flipped between the slogans "America's tax team," "Just plain smart," and its current "Get it Right" in just a few years. The fragmentation risks leaving consumers unable.

the British design house, will not only stream its women's runway show live from London, but also will allow anyone with a computer and a credit card to order the merchandise as models strut in it. "It's giving the consumer even more inside access than the buyer in the front row," said James Gardner, founder and chief executive of Createthe Group, which is working on the runway live streams for Marc Jacobs and Burberry. "They're able to put the product in their shopping bag, pay with their credit card and check out before the buyer is even finished watching the show and goes to the showroom the next day." Burberry's strategy represents a huge change from the past, when a literal golden ticket was the only way to see its show. The anointed buyers from Barneys, editors from Vogue, actresses like Claire Danes were sent an engraved antique brass entry card. This time, in addition to the online access, 1,500 people will be invited to Burberry stores worldwide, where they will watch the show on highdefinition screens and be able to order merchandise immediately via an iPad app.

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