my fashiontine

  New York - 2020, Ralph Lauren Corp. The American Giant Ralph Lauren reported losses of $1.82 per share after the first quarter in the pandemic crisis, even greater than the pre-predicted $1.73 that analysts expected. The luxury clothing brand is scrambling even considering revamping  its structure to avoid the fate of their retail rivals that have not survived this new crisis.  The companies latest report showed a significant adjustment loss per share citing, its evaluating "long-term operating structure to align with our evolving stratgeic priorities", with the main focus surround 6 main areas; how to  organise teams, corporate  office, real estate footprint, product sales and overall portfolio brands.  "This strategic review is poised at setting up strategies for the next several years as not only the business but the world emerges from the current health crisis", Chief Executive Partice Louvet said. "We are making sure that we're set up to win. There i...

Coco Chanel was one of the most forward thinking icons within the fashion world at the turn of the 20th century.  Living ontop of her little shop, Coco Chanel dreamed of a future where she would see her bags and clothing adorning the rich and famous. What she didnt realise was her brand was set to become one of the most illustrious and sought after brands to ever integrate into the high fashion industry. Her hand quilted patterned bag and intertwining CC logo have been the most identifiable features and set up Chanel to really be the creme del la creme of the luxury industry.  But it is Chanel's announcement of their newest limited edition release that really has tongues wagging.  Chanel website  for more  Opening a box can be a decision on pandoras scale, Opening a box with Chanel's features emblazoned - the decision is already made.  What to expect, from Chanels limted edition box set is 4 mini bags that best represent Chanel. The case itself speaks volum...

It's no secret the pandemic has had devastating effects across the board, on both human life and economically. But with many sectors taking a hit from forced closures and mass unemployment, the luxury market division is no stranger to taking one of the biggest hits during a crisis like this.  I know i for one, find that when my wage gets cut, or my hours scaled back my mode of thinking changes dramatically. Caring about purchasing anything that isn't deemed a necessity is suddenly pushed back until i have more sufficient funds or a stabler job prospective. Unfortunately, as much as i love to buy new designer bags, clothes and shoes the reality is they take a backseat to buying groceries, heating and mortgage repayments.  In the past, to combat this luxury brands have lowered their price to accomodate for the cut wages, job losses and all round shrinkage of the economy. They are lowered to the point where they are still expensive but less expensive than previous months. They ha...