Badgley Mischka’s James Mischka on the state of the luxury market — and what he won’t spend money on

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Badgley Mischka designer and co-founder James Mischka talks with MarketWatch about the luxury market, the brand’s latest collection and if he’ll ever retire.

Mark Badgley and James Mischka launched their luxury fashion label in 1988. Since then, their garments have been sold in high-end retailers like Nordstrom Inc. JWN, -1.62% Saks Fifth Avenue HBC, -1.00% Neiman Marcus and at their own boutiques.

Now the duo, who were married in 2013, is celebrating the brand’s 30th anniversary, recently launched a new fragrance, and participated in New York Fashion Week in February. See: Unlike retailers seeking growth in cities, Tractor Supply targets consumers living the country lifeMischka: I think the luxury market is still very strong. As opposed to two years ago, people are buying more clothes, buying more luxurious things, maybe treating themselves after trying to figure out what was going on with the economy and with politics. There was kind of a wait-and-see attitude two years ago. Last year was probably our best year in business ever.

Mischka: The Chinese customer is more focused on brands. In America, it’s about finding the new things, the things that aren’t logo-ed, aren’t as in your face. In China, they’re wanting the more identifiable brands.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cuba taps into high-end luxury tourist marketCuba used to depend on aid from its oil-rich ally Venezuela. But with Venezuela in turmoil, opening luxury hotels is 'a new stage,' but also 'a necessity,' Cuba's Tourism Minister says as his country scrambles for other revenue sources.
Source: trtworld - 🏆 101. / 63 Read more »

Jeffrey Gundlach says the stock market was and still is in a bear marketAfter a stellar rebound, Jeffrey Gundlach still thinks stocks are in a bear market. wait & see time so we should shift to bull market soon.. or at some point :) What is his definition of a bear market.
Source: CNBC - 🏆 12. / 72 Read more »

75% of millennials say they would spend more money on wine if they could and it's shaking up the way companies like Walmart sell itMillennials are drinking so much wine, winemakers are now emphasizing online sales and canned wine. Companies are even buying up their own private labels. Leanne_Laine Interesting...
Source: BusinessInsider - 🏆 729. / 51 Read more »