Luxury Market Expected to Bottom Out This Year

Categories:Other Brands

Later this month, Bain will release its 2016 luxury industry outlook but early predictions have the market bottoming out later this year and rising again in 2017. As usual, China is at the center of all the action. Last year, dramatic stock declines and a crackdown on corruption in China resulted in some of the biggest declines in luxury earnings since the financial crisis, but in-country demand is expected to rise by the end of this year and into 2017.

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Luxury Stores in Hong Kong

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Luxury brands are increasingly dependent on the Chinese consumer. The number of Chinese Travelers from Hong Kong is predicted to decrease this year, which would contribute to decreased luxury spending abroad.

They expect new regulations and tax protocols will result in a significant decline in grey-market imports, thus boosting Chinese domestic demand. Given that luxury retailers have moved toharmonize prices between Europe and China over the past year, there’s also now less incentive to make purchases outside the country. According to the upcoming report, the price discrepancy between Europe and China has been halved in the past year, from 70% to 35%, and is expected to decline to 25% “in the near future.”

Luxury-goods

Luxury Sales Growth broken down by Geographic Region

Chinese Shoppers lining up in front of a Hermes Paris store last September.

European sales have obviously taken a serious dip after the most recent terrorist attacks in Paris and Brussels, but this isn’t expected to put any long-term pressure on earnings. In general, there don’t seem to be any identifiable drivers for international demand growth in the forecast, which could prove hugely problematic for already-struggling retailers in the event of some sort of macroeconomic shock.

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If you live in China or Hong Kong, we’d love to hear about your experience of acquiring luxury goods and how it’s changing on the ground, if it actually is?

Tags: bag wallet Fendi Karlito

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New Fendi Karlito Accessories For Spring 2016

Categories:Other Brands

Fendi has released new items for the Spring 2016 Karlito Collection. Studded accessories in black leather with fur sunglasses are presented in wallet, clutch and iPhone covers this season. New charms also come in mini backpacks and Karlito heads with colorful fur hair. The Karlito design is now available in the brand’s latest Strap Youaccessory, which comes in Karlito’s signature black and white color.

Style & Price

Style

Price

Fendi Studded Karlito Bag Charm $1,100.00 (USD)
Fendi Studded Karlito iPhone 6 Cover $600.00 (USD)
Fendi Karlito Wallet On Chain Bag $1,600.00 (USD)
Fendi Karlito Large Zip-Around Pouch Bag $1,300.00 (USD)
Fendi Karlito Flat Stud-Trim Pouch Bag $600.00 (USD)
Fendi Karlito Flat Stud-Trim Large Pouch Bag $1,350.00 (USD)
Fendi Karlito Strap You $1,050.00 (USD)

Tags: Fendi Accessories Karlito

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Fendi Karlito Capsule Collection

Categories:Other Brands

fendi_2015-karlito-capsule-collection1Fans of anything Karlito, take note. Due out next week in Singapore is Fendi’s Karlito Capsule collection, one that’s also dedicated to Karl Lagerfeld. Comprised of many other items besides the now-famous key rings that bear his iconic profile, you’ll find everything from RTW (sweaters and jeans) to bags (backpacks and totes) and even sneakers that come complete with a ball of fur and his trademarked black tie.

fendi_2015-karlito-capsule-collection2Available in limited quantities from 20 May, prices start from SGD790 for the iPhone6case (shown above), to SGD6410 for an elaborate studded backpack that’s quite a sight to behold. Other pieces, from the sweatshirt to the tote bag and the Mini Karlitokey ring are priced at SGD2390, SGD5180 and SGD1580 respectively. In other words, it’s time to head down to Fendi at either Marina Bay Sands or Ngee Ann City to put yourself on the wait list. Or just head over to my Facebook page first for a look at everything that will be available.

Tags: Fendi Karlito Capsule

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Introducing the Fendi Karlito iPhone Case

Categories:Other Brands

Fendi Karlito Phone Case

Right now Fendi is on top of the world when it comes to its bags and accessories. While some think Karl Lagerfeld likes himself a little too much, the fact remains that when Karl introduced the Fendi Karlito Bag Bug, everyone wanted one.

I have my own Fendi Karlito, which has made a few appearances on PurseBlog and shown up on our Instagram account often as well. There was no need for this charm at all, and to this day, I know that it was merely a “fun” accessory. I have yet to actually put it on any of my bags.

But even with the lack of usability for Karlito, the craze is not dying down; in fact, it is only ramping up. New items with the much-loved Karlito will be released this month, including a sweatshirt with Karlito on the front and a pair of shoes, but the item that many have their eyes set on is the Fendi Karlito iPhone Case.

This month, Fendi will debut the Fendi Karlito iPhone Case, which is made with the same silver fox and goat fur shown on the original charm, for iPhone 6. Rumor has it only 600 will be made for Fendi Pre-Fall 2015, and the price will be $600. If the love for this case is anything like the Karlito charm, there will probably be a wait list. 

Tags: Fendi Case Karlito iPhone

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Fendi Mini Karlito for the Spring / Summer 2015 Collection

Categories:Other Brands

The mini version of the Fendi Karlito Bag Charm is now available in stores. This limited edition piece retails for $1,150.00 (USD). The mini Karlito first came out in the Spring/Summer 2015 Runway show, while the original size came out for the Fall 2014 Collection. It comes in various colors like Blue, Red, Orange, Pink and Yellow.

Check out the size of the mini Karlito when attached to the bag:

Fendi Karlito Mini Bag Charms

Fendi Mini Karlito Bag Charms 1

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Fendi Mini Karlito Bag Charms 2

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Fendi Mini Karlito Bag Charms 3

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Fendi Mini Karlito Bag Charms 4

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Fendi Mini Karlito Bag Charms 5

Tags: Fendi Mini Karlito

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Fendi Karlito iPhone Case

Categories:Other Brands

Fendi-Karlito-iPhone-Case

Not your style? Wait! Last time Fendi dropped the Karlito Key Chain on the hands of Cara Delevigne while she was walking down the runway, it was major hit. The Karlito Key Chain become so popular that there is a waiting list for it, and just to let you know, it was priced at $1,685 USD.

Equivalent to 5 x Fendi earrings, 3 x Fendi wallet or 1 x Fendi Baguette Shoulder Bag.

Now that Fendi is introducing the Karlito iPhone Case, and it’s going to retail for $600 USD, consider it to be a ‘steal’. Its worth every penny when compare it to the Karlito Key Chain. It will be a part of Fendi Fall 2015 Pre-Fall Collection.

The Fendi Karlito iPhone Case is made from silver fox and goat fur, and the case is only suitable for the newest iPhone 6.

Now what do you think? Cute and worth the investment?

Tags: Fendi Case Karlito iPhone

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