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Week in Review: Must-Know News

In What's New, Industry News by Accessories Staff

New York—Some Wall Street analysts referred to it as a “frat boy fight” this week when William Ackman, the hedge fund founder and largest shareholder in JCPenney, resigned from the board of directors after a very public dispute. Now JCPenney—which reports its second quarter next week—can devote energies to the …

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Week in Review: News to Know

In What's New, Industry News by Accessories Staff

New York–It was a week for looking ahead but also reviewing the past. For forward thinkers, there’s our upcoming Spring/Summer 2014 Trend Webinar that projects what accessories styles will be important next year. Then there’s the Luxury Institute study that reveals affluent consumers plan to spend less on jewelry and …

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Hermès Reports Record 2012 Sales

In What's New, Industry News by Jeff Prine

Paris—The view isn’t only better from the top, business is too. At least that’s the take home from Hermès International SCA which on Tuesday reported record-breaking sales for 2012. The French luxurygoods house known for its Birkin handbags and silk scarves, posted a 22.6% sales increase to 3.48 billion euros …

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Survey: Affluent Consumers Seek Top Craftsmanship, Customer Service Over Status

In What's New, Industry News by Accessories Staff

New York—Superior craftsmanship, materials and customer service—not slapped on status and designer names—is what affluent consumers are looking for in their luxurygoods purchases. With luxurygoods rebounding following the Great Recession, upscale consumers overwhelmingly favor long-lasting, high quality product over one that merely enhanced status, according to a survey conducted in …