It's going to be interesting to see how/whether pure luxury clothing retailers do in the recession.
From talking to a few people, I rather suspect they'll survive fine with only a moderating of turnover. The only that will really suffer will be those in the "near-luxury" segment, who will become heavily dependent on massive discounting to maintain sales.
Kiton will be fine, though if there's a boutique nearby, the logic of having a concession in Saks is slightly questionable. I guess there's the advantage of the higher footfall traffic through Saks leading to referrals to the boutique when the Saks concession doesn't have the relevant item in stock.
From talking to a few people, I rather suspect they'll survive fine with only a moderating of turnover. The only that will really suffer will be those in the "near-luxury" segment, who will become heavily dependent on massive discounting to maintain sales.
Kiton will be fine, though if there's a boutique nearby, the logic of having a concession in Saks is slightly questionable. I guess there's the advantage of the higher footfall traffic through Saks leading to referrals to the boutique when the Saks concession doesn't have the relevant item in stock.
