• Home
Real Authentication Blog | Luxury Authentication News

Real Authentication provides top tier Authentication, Identification and Valuation services for over 100 Designer Luxury Brands: Louis Vuitton, Chanel, Hermes, Prada, Gucci, Fendi and more. Contact us today to shop and sell with the confidence and protection you deserve!

Tuesday, October 8, 2019

Teens Are Shopping Differently, Could Cause Trouble, For These Brands

Learning how teens spend has been a years-long effort for retailers because their likes and dislikes can decide the fate of a brand or a season. Cracking the code on today’s teens, dubbed digital natives, is no exception. 

Image result for teens spending 


As retailers gear up for the industry’s critical holiday sales season, the latest reading on teens may offer some cause for worry: Teens, part of Gen Z, have lowered their self-reported annual spending by 4% from a year earlier, to $2,400, the lowest level in eight years, investment bank Piper Jaffray reported in its Taking Stock With Teens fall survey, released Tuesday.
One culprit: About a third of the teens, up from a quarter a year earlier, said they believe the economy is getting worse, according to the survey, which polled 9,500 teens across 42 U.S. states, with an average age of 15.8 years. But that’s not the only reason. Female teens’ spending on handbags has hit a new low of $90 a year in the 38th edition of semi-annual survey, less than half of the record $197 reported in the spring 2006 survey. Cosmetics spending also declined more than 20%, to $106, from a year earlier.

Overall, the survey’s results echo other findings associated with today’s teens. For instance, they care about social and political issues including global warming, immigration and gun control. To do their part for the environment, nearly half of the teens said they are changing their habits, including using more metal straws, recycling more and using less plastic.

Here are other takeaways:

The preppy-style teen uniform is out: Mirroring fashion brands’ performance scorecards, the survey showed athletic labels dominate teens’ top fashion preferences. Lululemon hit a new survey high as the No. 7 preferred apparel brand and catapulted to No. 2 among upper-income female teens. Nike, whose stock recently jumped to a record high after it posted better-than-expected results, remained the No. 1 shoe and clothing label for teens.
Skate shoe Vans remained teens’ No. 2 favorite footwear brand, followed by Adidas and Converse. Plastic-clog maker Crocs saw the biggest jump, rising to the No. 7 shoe spot, from No. 13.
“The casualization of fashion continues,” said the 70-page study, adding that preppy brands including Ralph Lauren, Sperry and Vineyard Vines continue to lose share among teen apparel makers to athletic labels. The teen fast-fashion label Forever 21, which recently filed for bankruptcy protection, saw its favorite apparel brand share among teens decline 2 percentage points, to 3%, over the past year.

Accessible luxury handbags are losing favor: As handbag spending hit a new survey low, Michael Kors, Kate Spade and Coach saw their combined favorite-brand share among female teens decline to 49%, from 57% last year. Michael Kors, while still No. 1, saw its share slump to 27% this fall, from 36% in spring 2018.
European luxury brands including Louis Vuitton and Gucci, on the other hand, picked up mind share among teens, thanks partly to online resale platforms including The RealReal and StockX that give them “access to luxury for less,” according to the report.

Food takes the biggest chunk of teens’ wallet share: Food has continued to outpace clothing as the biggest spending category for teens, the study showed. For instance, restaurants represented 23% of spending among upper-income teens in the most recent survey, topping clothing at 21%.
Where teens are eating doesn’t bode well for full-service restaurants: The percentage favoring limited-service restaurants has jumped to 68%, from 44% ten years earlier.
Their favorite restaurant? Chic-fil-A, followed by Starbucks and McDonald’s in the top five for both upper-income and average-income households. Fast-casual and fast-food chains Chipotle, Dunkin’ and Taco Bell rounded out the top five for either of the income groups. Olive Garden was the only full-service chain to make the top five.

Amazon is cultivating a bigger teen following: 52% of teens voted Amazon as their favorite e-commerce site, up from 47% a year earlier. Nike, in second place, trailed far behind, with a 4% mind share.

Amazon’s major rival eBay, No. 5 with a 2% share, “continues to face mind share challenges with teens,” according to the study. Amazon’s major brick-and-mortar rivals Walmart and Target didn’t make the top ten. In another sign of Amazon’s growing popularity with teens, it’s become the No. 5 beauty-shopping destination for them, up from No. 17 a year earlier, according to the survey.
“Amazon remains well positioned to take share of overall retail sales, and having the support of the teen (demographic) is critical,” the study said.
Amazon isn’t just winning teens from the upper-income household bracket, either. With the Amazon Prime adoption rate among teens rising to 78%, from 74% a year earlier, the study found the growth was led by teens from the lowest household-income bracket ($21,000 to $41,000).

oa here
SHARE:
Posted by Real Authentication at 9:47:00 PM No comments Edit this post
Labels: coach, gen z, kate spade, michael kors, real authentication, retailers, teens shopping, the real real

Monday, August 27, 2018

Coach brand back to ‘full health’ from selling many handbags


Parent company 'Tapestry' shares soar nearly 12% in Tuesday trading on the sale of COACH bags


Coach
Tapestry says that merchandising and marketing with spokesperson Selena Gomez has given the Coach brand a bump.
GlobalData Retail declared the Coach brand back to “full health” in a Tuesday note after Coach parent company Tapestry Inc. reported better-than-expected earnings that got a boost from North American customers who were ready to shop.
Tapestry shares TPR, -0.57% closed Tuesday up 12%.
Tapestry reported fourth-fiscal-quarter adjusted earnings of 60 cents per share, ahead of the 57-cents FactSet consensus, and sales of $1.48 billion, beating the $1.47 billion FactSet guidance.
Coach’s president, Joshua Schulman, highlighted the results of the company’s North American brand-tracking survey, which found that “premium” consumers and millennials have an improved view of the brand, which he attributed to the company’s marketing, featuring Selena Gomez; merchandising that focused on handbags priced in the $300-to-$400 range; in-store experience; and the reception for its Signature line of bags.

When Tapestry was still called Coach Inc. the company launched an effort to rehabilitate the Coach brand, pulling back distribution at department stores and increasing focus on a higher price point in the interest of the brand’s image.
Neil Saunders, managing director at GlobalData Retail, declared the company’s efforts a success after fourth-quarter sales rose 5%.
“In our view, this is a very respectable result, which, once again, underlines the return to full health of a brand that once suffered from ubiquity and excessive discounting,” Saunders said. “The performance in the U.S. was particularly strong, aided in large part by the more robust consumer economy, which has spurred spending on luxury products.”
Tapestry’s other brands include Kate Spade and Stuart Weitzman. Tapestry continues to integrate Kate Spade into the fold after it was acquired in 2017. And Stuart Weitzman continued to suffer from operational issues.


By Tonya Garcia
Published: Aug 15, 2018 4:27 p.m. ET
LINK

SHARE:
Posted by Real Authentication at 9:17:00 PM No comments Edit this post
Labels: authentic handbags, authentication services, authenticity, coach, kate spade, Kim Kardashian, luxury reseller, real authentication, stock, Stuart Weitzman, tapertry, trading

Sunday, May 21, 2017

Coach to Buy Kate Spade in $2.4 Billion Deal

A statement released by Coach said the combined company will create a "leading luxury lifestyle company" supported by "significant expertise in handbag design, merchandising, supply chain, and retail operations."

kate spade modelsThe luxury retailer Coach announced on Monday that it agreed to buy Kate Spade for $18.50 a share, for a total transaction value of $2.4 billion.
The per-share acquisition price is 27.5% higher than Kate Spade's share price as of December 27, the last day of trading before deal rumors started affecting the stock price.
Still, it's 23% below a nine-month high of $24.10 reached February 27.
Shares for the handbag and accessories maker surged by 8.1% in premarket trading Monday, while Coach's stock was little changed.
"Kate Spade has a truly unique and differentiated brand positioning with a broad lifestyle assortment and strong awareness among consumers, especially millennials," Coach CEO Victor Luis said in the release.
Kate Spade has been under external pressure to do a deal since November, when the New York-based hedge fund Caerus Investors sent the company's board a letter pushing for a sale.
"We have become increasingly frustrated by management's inability to achieve profit margins comparable to industry peers," Caerus' founder, Ward Davis, and managing partner, Brian Agnew, wrote at the time.

ao here
SHARE:
Posted by Real Authentication at 12:19:00 PM No comments Edit this post
Labels: authentic handbags, authentication services, buys, coach, is it authentic, kate spade, real authentication, real or fake, stock

Tuesday, November 1, 2016

Talks of BURBERRY to Buy COACH - What Could This Mean?

Burberry Group Plc shares rose the most in almost eight months after the Betaville financial blog said Coach Inc. is considering merging with the British trench coat maker. Burberry Group Plc shares rose the most in almost eight months after the Betaville financial blog said Coach Inc. is considering merging with the British trench coat maker. Start your day with what’s moving markets. Get our markets daily newsletter. 








The U.S. maker of purses and accessories has been working with financial advisers at Evercore for several weeks on a possible deal, the website said, citing two people familiar with the situation it didn’t name. Burberry shares traded 3 percent higher at 1,494 pence at 1:59 p.m. in London after rising as much as 8.1 percent, the biggest intraday gain since Feb. 26. Coach traded at the equivalent of $36.21 in Frankfurt, up about 1 percent from Thursday’s close in New York. Representatives for Burberry and Coach declined to comment. Earlier this year, the Financial Times reported that London-based Burberry asked its advisers at Robey Warshaw to help prepare a defense for a possible bid.

“A merger of Coach and Burberry would primarily be a merger of problems,” Exane BNP Paribas analyst Luca Solca said in a note. “M&A history in luxury has shown that mergers don’t obviously help in regaining brand traction and desirability.”
Burberry and Coach are both grappling with a slowdown in luxury spending, and have reshuffled management to try and turn their fortunes around. Burberry has named Marco Gobbetti to replace Christopher Bailey as CEO next year, while Coach named Valentino veteran Wendy Kahn to run designer shoe brand Stuart Weitzman, which it bought last year.








SHARE:
Posted by Real Authentication at 8:46:00 AM No comments Edit this post
Labels: Burberry, Burberry Group Plc, buys, coach, coach inc, merger, real authentication, shares, Stuart Weitzma, talks, Wendy Kahn
Older Posts Home
Subscribe to: Posts (Atom)

Featured Post

The Death of the Department Store: ‘Very Few Are Likely to Survive’

Shuttered flagships. Empty malls. Canceled orders. Risks of bankruptcy. The coronavirus has hit the behemoths of the retail world. N...

Previous Posts

  • Fake Allbirds and Glossier Dupes: DTC Brands Are Battling Counterfeits and Knockoffs
    Fake Allbirds and Glossier Dupes: DTC Brands Are Battling Counterfeits and Knockoffs
  • Eileen Fisher wants those clothes back when you're done
  • Fashion Reseller Poshmark Fast Tracks Video Feature, Targeting Shoppers Stuck At Home
    Fashion Reseller Poshmark Fast Tracks Video Feature, Targeting Shoppers Stuck At Home
  • Louis Vuitton New 'World Tour' Bag Collection - Get Your Passport Ready!
    Louis Vuitton New 'World Tour' Bag Collection - Get Your Passport Ready!
  • Farfetch partners with second-hand clothing service
  • Discounted Authentic Louis Vuitton Bags? YES Please!
    Discounted Authentic Louis Vuitton Bags? YES Please!
  • BALENCIAGA SPRING 2017 RUNWAY
    BALENCIAGA SPRING 2017 RUNWAY
  • Victoria Beckham Recreates One Of Her Most Iconic Photo Shoots
  • The RealReal Is Officially Consignment Queen
    The RealReal Is Officially Consignment Queen
  • The Death of the Department Store: ‘Very Few Are Likely to Survive’
Real Authentication
  • Cassandra
  • Greaux Digital [GROW] your business
  • Real Authentication
Powered by Blogger.
© Real Authentication Blog | Luxury Authentication News | All rights reserved.
Blogger Template Created by pipdig