TAIPEI — Louis Vuitton opens today its spacious Taipei 101 Maison, its largest store in Taiwan. In honor of the company’s long presence on the island, the flagship was designed as a tribute to the 101st anniversary of the founding of the Republic of China, Taiwan’s official name. The French house feted the store Thursday […]
China
Made in USA Hot Again
We really don’t know why this image of Clint comes up when a story about Made in USA power is written. We guess its because of Chrysler and the Superbowl ads. Image via Wikipedia Made in the USA is hot again. Driven by rising wages in China and raw material price inflation — not to […]
Estee Lauder’s 2nd Quarter Profits Rocket
Fabrizio Freda Rocks Out with his Stock Out. The Estée Lauder Cos. Inc. is training a wary eye on Europe and China while pursuing its ever-more customer-centric strategy. In reporting a 15.4 percent increase in second-quarter profits and releasing third-quarter guidance, Lauder said it anticipated a slowdown in the rate of sales growth in Western […]
Bagwire Update: Coach Posts Big Sales Gains
Coach Inc. posted double-digit percentage gains in both income and sales for the second quarter ended Dec. 31. Income for the quarter rose 14.5 percent to $347.5 million, or $1.18 a diluted share, from $303.4 million, or $1 a share, last year. Sales rose 14.6 percent to $1.45 billion from $1.26 billion. North American comparable […]
Retailers Applaud Obama’s Plan To Boost Tourism
President Obama believes more foreign tourists can help boost the U.S. economy — and retailers agree. The President on Thursday granted one of retailers’ long-held wishes when he signed an executive order that seeks to dramatically reduce visa processing delays, increase tourism and create jobs in the U.S. The move was applauded by major retailers, […]