Black Friday Sets Records
All of the extended hours, even into Thanksgiving Day itself, and the industry-wide blitz of promotions seemed to pay off. A record 226 million shoppers visited stores and Web sites over Black Friday weekend, up from 212 million last year, according to the National Retail Federation. The trade organization also said 28.7 million people shopped online and at stores on Thanksgiving Day, up from 22.2 million last year.
The average spend was $398.62 this weekend, up from $365.34 last year, and the total came to an estimated $52.4 billion, versus $45 billion last year. But there’s still caution, with the NRF conservatively predicting a 2.8 percent retail gain for the holiday season.
Dolce & Gabbana’s Ruling Overturned
Stefano Gabbana and Domenico Dolce had their tax evasion ruling overturned, which basically absolved the designers and several associates of alleged tax evasion. The designers have always denied any wrongdoing and refrained from commenting since issuing a statement in May 2009. However, on Thursday, Gabbana dropped his guard and angrily vented through his Twitter page. “Ladri!!! [‘thieves’ in Italian],” Gabbana tweeted, addressing the State. “They don’t know what to do to get money out of us.” The comments were quickly removed, but Gabbana then tweeted: “It’s really true that in Italy they do what they want…as they please.…Perhaps it would be best to leave…”
The decision means there will be a new preliminary hearing in front of a new judge. “I assume the Supreme Court believes the judge’s decision to clear the designers was tainted by a legal flaw, a defective motivation or an error in the application of the law,” said a legal source. The Court’s motivations are usually presented after 20 days or a month, but in light of the Christmas holiday, they are expected in early January. One legal source said, “It’s back to square one. Anything can still happen.”
Fashion Victim: Louis Vuitton
At least Marc Jacobs can’t say he’s the only one part of luxury thievery. French police are investigating the theft of several hundred thousand euros’ worth of Louis Vuitton merchandise at the Roissy-Charles de Gaulle airport on the outskirts of Paris, a source close to the inquiry said Friday. No further details were available, as the probe was still ongoing, said the source, who requested anonymity in accordance with official policy regarding police investigations in France. Five masked thieves neutralized a security guard and four employees at the airport’s freight terminal overnight, making off with around 10 pallets of merchandise valued at a minimum of 300,000 euros, or $400,760 at current exchange, according to French news agency AFP.
– Taneisha Jordan
Source & Photo: WWDSee the Top Ten Summer 2016 Trends for Women Over 40