Yesterday, sitting on the benches beside the Alberta Ferretti catwalk as one does, I got to chatting to my neighbour about London Fashion Week. “It was great,” he said, “But it was all the same people you have already heard of. I hope it’s not losing its edge for new talent as it gets more established.” Well, according to the new talent, he should not fear. Read more
Tomorrow the folks behind yoox.com and thecorner.com, two leading etail ventures, are launching store number three. Unlike the first two sites, which are ready-to-wear boutiques that offer, respectively, less expensive last-season merchandise and cutting edge fashion, this one has a particular focus: shoes. Specifically 1000 styles of shoe, retailing for between €180-1,000. That’s a lot of footwear.
When I asked Federico Marchetti, chief executive of the Yoox Group, the obvious question — is there really such a big market for shoes and only shoes, or is this a niche sideline? — he responded with some pretty striking numbers. Read more
It being Milan fashion week, I have Milan news on the mind, and here’s something interesting: I’ve just learned Yoox Group, the Italian etail experts who build and manage about half the fashion world’s etail outlets, are about to make a move of their own. Next week, thecorner.com, their high-end multi-brand boutique, will become the first multibrand etailer to launch in China. The floodgates are opening! Let the race begin.