Louis Vuitton Increases Prices on Handbags
The high-end fashion and leather goods retailer reveals plans to increase prices on their luxury leather handbags. This news comes at a time were third quarter reports reveal Louis Vuitton has slightly underperformed their competitors. While trumpeting the success of its new luxurious W and Capucines purses, priced respectively from 2,500 and 3,500 euros, that strong sales of such top-end products have not yet had a major impact for the company. LVMH Powerhouse has unfortunately seen slowing growth from earlier in the year, and this definitely comes short of their expectations. Despite the fact of these findings the luxury retailer still intends to make the shift to higher price bags, but states this is “not a three-week process,” in return means that the powerhouse brand may continue to be outpaced by its luxury peers.
Consumers Scared to Shop due to Government Shutdown
With the holidays just around the corner, unfortunately consumers are not in the mood to shop. Due to the government shutdown many consumers fear uncertainties about their economic future. Consumers have little faith in lawmakers who hold their livelihood in their hands. Government shutdown has cost the economy $3.1 billion in gross domestic product from lost government services alone. Matthew Shay, president and chief executive officer of the National Retail Federation, said retailers and consumers “need stability and certainty from policy makers in Washington and assurance that the economy will not implode due to their actions or, more important, lack thereof”. With no reassurance of the stability of our economy consumers will spend less and retailers will definitely feel the impact of consumer’s fears.
Australian Model Defies Industry’s Idea of Weight
The beautiful Australian full-figured model Robyn Lawley embraces her curvy figure and admirably the fashion industry is as well. She has been featured on a couple of Vogue’s covers, including a landmark issue of Vogue Italia that featured fuller-figured models for the first time. Standing 6’2” and 178 lbs Lawley shines in the November issue of GQ Australia. Ceri David GQ editor states that she would like to see more fuller figured women on catwalks and in fashion bibles. David also states that she’s very proud to be at the vanguard of the movement.
Sources & Image: WWD, NY PostSee the Top Ten Summer 2016 Trends for Women Over 40
Tags: curvy figure model, full-figured model Robyn Lawley, Government Shutdown holiday shopping, GQ Australia, Louis Vuitton, Louis Vuitton Capucines purses LVMH Powerhouse, LVMH Powerhouse, Matthew Shay, National Retail Federation, Robyn Lawley, Vogue Italia