Bond No. 9 and Saks Debut Limited Edition Perfume
Saks Fifth Avenue and Bond No. 9 have debuted their new limited edition fragrance, called Saks New York Oud. The scent features notes of saffron, nutmeg, rosewood, jasmine, amber, musk, and vanilla and costs $405. The beautiful star shaped bottle is adorned with Swarovski crystals and would look gorgeous on any vanity. About a third of the inventory sold out on Saturday and the scent is expected to sell out during the holiday season.
H&M’s Designer Collaborations Analysis
Designer collaborations are definitely giving H&M a reputation boost, but experts are saying the brand could do even more. H&M has needed these collaborations, along with advertising and social media buzz to help gross margins, which have fallen below 59 percent from almost 63 percent in 2010. “These collaborations really help the brand defend its margins, since virtually all these lines get sold out at full-price. They are a great way to test their potential in higher margin business.” said analyst Ashma Kunde. Though the designer collaborations are more expensive than H&M’s usual prices, they are still a fraction of the price of the designer’s usual pieces. The recent Isabel Marant line was H&M’s 13th guest collection since the first by Karl Lagerfeld in 2004. Other collaborations include Stella McCartney, Jimmy Choo, Versace, Marni, Roberto Cavalli, Lanvin, Anna Dello Russo, Maison Martin Margiela, and Comme des Garcons. It is estimated that H&M designer collaborations generate around $55 million in sales, with almost a sixth of that profit going to the designer.
Loehmann’s Bankruptcy Update
Earlier this week we reported discount designer retailer Loehmann’s filed for Chapter 11 bankruptcy. Now the company has decided to close its 39 stores here in the United States next month after they failed to find a buyer to keep the 92-year-old company in business. According to insiders, the decision to shut down the stores was “very reluctant.”
Half Of Holiday Consumers Shopping Online
This shopping holiday season has been like no other. According to the National Retail Federation’s latest holiday survey, nearly half of holiday shoppers indicate they plan to do the remainder of their shopping online. This is the highest percent in the survey’s 11-year history. Also as of December 9, 32 million holiday shoppers had not even started shopping- yikes! “It comes as no surprise that Americans are eager to shop online in the coming weeks as busy schedules and a shift in the calendar have made the convenience offered by retailers’ mobile apps and websites even more attractive this year,” said NRF President and CEO Matthew Shay.
Source: WWD, Reuters, WSJ, NRF
Image: Bond No. 9See the Top Ten Summer 2016 Trends for Women Over 40
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