Giorgio Armani to Debut New Lipstick Line
Giorgio Armani will debut a new lipstick line, Rouge Ecstasy, in September. The brand is calling it the first “triple c” lipstick, meaning color, comfort and care, and it has skin-care benefits as well. Véronique Gautier, international general manager for Giorgio Armani Beauty, explains the science behind the new product, saying “It is a solid, melting lip balm with the color intensity of a lipstick, 12-hour hydration and reparative actions. It also has a higher viscosity than a balm would, so the formula doesn’t migrate on the lips.” The lipstick also contains Kaleidoscope Pearls, which is a combination of translucent and multifaceted pearlizers that brightly diffuse pigment. The line consists of 36 shades and is grouped in three categories: Incognito, Fatal, and Eccentrico. The lipsticks each retail for $34 each and will be available at Saks Fifth Avenue, Nordstrom, Neiman Marcus, Sephora, Bloomingdale’s, and Armani boutiques.
Prices Rise in Apparel
Apparel prices rose 0.6 percent in July, following a 0.9 percent increase in June. Women’s apparel prices also increased 1.8 percent in July. According to industry insiders, the strength of retail pricing could be due to better inventory management. Jeet Dutta, senior economist at Moody’s Analytics, explains the current pricing situation, stating “Generally speaking, and this is not limited to apparel, inventories have been rather well managed pretty much all year. One would think wholesale and retail inventories are rather well managed and that has possibly allowed retailers to maintain some pricing power.” Dutta also said he predicts retailers to lose some pricing power heading into the fall season, as retail apparel prices match declining apparel import prices.
Nasty Gal is Expanding
Online retailer Nasty Gal is set to launch its own line of shoes today. Called Shoe Cult, the line will have 45 different styles, and will have by another 50 in September and 60 more in October. The new collection includes pumps, sandals, booties, platform sandals, sneakers, and flats, and will retail for $68 to $188. Nasty Gal is also planning on selling intimates and swimwear next year and is considering opening up brick and mortar stores. If Nasty Gal continues to follow its plan, the company could become one of the first online retailers to become a fully developed fashion brand.
Source: WWD & WSJ
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