Luxxotica Picks Up The Pace
The world’s largest maker of designer sunglasses, Luxxotica, is planning to spend more than 200 million euros over a three year period to increase production and also to cut delivery times to keep up with fast-moving fashion trends. The investment will reduce the time between order placement and delivery by 30 percent and inventory days by 20 percent, the group said at an investor day on Monday. The Italian company, which makes Ray-Bans and also sunglasses for luxury brands such as Prada and Gucci, will invest the cash to boost production in Italy, China, US, Brazil and India. Luxottica has already cut lead time for existing models by 43 percent between 2009 and 2012, and improved logistics helped cut costs by 12 percent.
NRF Voting Initiative
The National Retail Federation launched a get-out-the-vote initiative and Web site on Wednesday. The NRF hopes to educate voters about the candidates’ positions and how they could effect their businesses. David French, senior vice president for government relations at the NRF, said the Web site, retailmeansjobs.com/election, is intended to bring light to the policy issues critical to retailers and to the 42 million Americans that are directly or indirectly employed in the industry or in companies supporting it. It will compare the positions of the presidential and senate candidates and also highlight the retail industry’s top policy priorities.
The Web site will have several features, including an area highlighting six key issues which include: sales tax fairness on the Internet, labor regulations, and credit card swipe fees and trade. It will also feature pages on where Senate candidates stand on those six issues in 33 Senate races.
Nicole Miller To Debut Outerwear Line
Nicole Miller has signed a three-year outerwear licensing deal with the Amerex Group. In line with the company’s plans to broaden its outerwear, swimwear and sportswear labels, the coats and jackets will make their debut for fall 2013. “This acquisition is the perfect addition to the roster, since Nicole Miller is a respected fashion presence with successful brand recognition. With her style sensibility and Amerex Group’s manufacturing capabilities, the partnership will produce fashion-forward, attainable products for women worldwide,” a company spokeswoman said. With the addition of Nicole Miller, Amerex Group now has 14 licensed and proprietary outerwear, swimwear and sportswear brands including 1 Madison, Carter’s, Jessica Simpson, Jones New York and London Fog.
– Selicia A. Walker
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40
Tags: luxury eyewear brands, Luxxotica, Luxxotica production efficiency, National Retail Federation voting education website, Nicole Miller expands brand, Nicole Miller Outerwear, Nicole Miller signs outerwear deal, NRF voting initiative