The British company, Burberry, lowered its 2016 earnings forecast by 40 million pounds ($62 million). Since 2009, it is the first time that its adjusted pretax profits fell by one percent because of exchange rate issues. (Ignoring those, profits rose by 7 percent.) Stock in Burberry fell 6 percent upon the news, its steepest decline since Oct. 2014.
Product-wise, Burberry, the newly introduced range of cashmere scarves was particularly successful. As always, trench coats were a top seller over the past year. However, this time Burberry has decided to simplify its trench coat and to offer only three fits and three colors to “reconnect the customer” to the style, as Bailey indicated in a webcast on Wednesday. Continue reading
Almaty is the largest city in Kazakhstan with a population of 1,421,868, it is certainly a hustling and bustling place to be. It also used to be the former capital of the country, until 1997 when it moved to Astana.
Yiyu Chen was born in 1988 in Taiwan. She holds a Fashion Design BA of Shih-Chien University. She then studied one year in ESMOD PARIS for a Postgraduate Programme Createur Couture, where she learnt Haute Couture tailoring.
Fashion never dies away what goes away definitely comes back after some time. Fashion revamps itself each time by bringing the old classical dresses or designs with a modern and innovative touch. It is also considered as the old wine in new bottle. If you ask the designers they will agree that the design and ideas on which today’s fashion world is working is borrowed from yesteryear’s designs and styles. The vintage clothing and accessories are very much in demand in the modern era. Vintage clothing encompasses a host of eras and time period like the flapper of the 1920s, bohemian of the 1960s, hipster of the 1980s and so on. With its base being so vast there is bound that everyone will have something for them.
On Madison Avenue, a cocktail party, and a dinner at CEO Mark Lee’s home is not something Barneys New York gives to just anyone. Such is the case for Isabel Marant, who was feted with a cocktail party and dinner last week. Of course, the sheer number of women strutting through Barneys’ seventh floor in floaty Marant tops and tight trousers during the party was enough to show that the designer is a sure hit among consumers. “I could have sold my company a hundred times, I could have designed other labels a hundred times, and that’s not what I’m looking for.” 
