Here's the Good News: Designers and Execs See Positive Points

Karl Lagerfeld said, “Chanel did even better this year than last year in the same time."

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Rachel Roy: “The good news is having the opportunity to create the secondary line [Rachel Rachel Roy] for this younger customer. It gets my mind off of designer woes and all the hardships of getting your designer clothes into specialty stores and department stores right now. It’s a fun project — it’s younger, it’s fun, it’s a bit edgy, and certain things could be a bit naughty that I can’t do in designer.

“And the fact that I’m so heavily supported by Jones [Apparel Group Inc.] to do it, it’s not something I’m used to. I am getting used to having all the bills paid on time. It’s lovely and wonderful to be that supported; it’s fantastic. I have nothing to complain about at all. I’m just so thankful, and it makes me work that much harder on the Rachel Rachel Roy line as well, because I want to keep it.”

Vera Wang: “Pockets of good news, and I mean pockets. We opened [the Mercer Street store] in December in probably the worst economy, in rain and cold, when everything else was on sale, so we were happy if we did anything at all in a day. There was a little sign of happiness about a month ago when we did $20,000 on a Saturday. We also had a Saturday that we haven’t had in a while — we did $100,000 selling bridal uptown. The most expensive part of our bridal business, luxe, from $8,500 to $18,000 with the bulk at $10,000 to $12,000, is a modest business but growing, now maybe a $6 million business wholesale. It’s about $12 million to $13 million at retail. That’s fabulous, as it means that a client, at least in the context of a wedding, is willing to pay for something that’s handmade and beautifully crafted. I thought for sure that’d be the first to go, and it’s been the one that’s holding up the rest of the bridal business.

“The other thing is we’ve had a bit of good news with our Princess fragrance. Rock Princess is our second fragrance. It’s initially doing well. I don’t know what Coty’s numbers are, but I know they’re very pleased about it.”


Continue to Part Two of the story >>


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