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Showdown at Gucci Gulch

 
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Showdown at Gucci Gulch
Upscale New York jeweller Tiffany Co. will also open a new store across the street from the Hermes outlet in November, joining a cluster of chic retail brands already in the area, including Louis Vuitton, Gucci, St. John, Wolford, Coach, Lacoste and Betsey Johnson.
Hermes has had a presence in Vancouver since 1995, when it opened a boutique store in Holt Renfrew, but Hermes Canada president Jennifer Carter said the Parisbased chain has searched high and low for its own Vancouver storefront location for the past 12 years.
"It's crucial that we have our own freestanding store in an important city like Vancouver,[url=http://www.floware.fr]michael kors pas cher[/url]," she said in an interview. "We have an excellent, excellent local clientele here and it's fantastic what we have built up in Vancouver over the past 10 years."
Luxury retailers like Birks, Cartier, Chanel and Hugo Boss chose to set up their Vancouver locations closer to the downtown waterfront, along West Hastings an area that Hermes considered, given its proximity to the convention centre and cruise ship terminal. But Carter said the traffic generated by the mix of likeminded retailers near Burrard and Alberni made it an irresistible location.
"This is absolutely the best location around," she said. "Just look at the traffic. We also like the visibility and the size of the building, which allows us to have 14foot ceilings."
The new 2,000squarefoot store features a mix of plush carpeting, pale limestone flooring and cherrywood millwork that's designed to evoke memories of the company's flagship Paris store at 24 Faubourg SaintHonore.
Carter said the store will appeal to highnetworth customers but stressed that not everything for sale will be priced in the multithousanddollar range. There are items like $40 shampoo, $100 mens fragrances and $190 silk ties that should appeal to a fairly broad market.
Hermes International was founded as a saddlery company by Thierry Hermes in 1837 and spent much of the 19th century crafting harnesses and saddles from fine leather. Its merchandise line now includes leather, scarves, ties, readytowear, perfume, watches, footwear and jewellery. The company posted a $353million profit last year on global sales of more than $2 billion.
Carter noted Hermes products are handcrafted in Europe leather bags in France, watches in Switzerland and enamel products in Austria. Expect a sixmonth wait after ordering a Kelly bag or Birkin bag but Carter said the wait is worth it, noting she still uses a black crocodile Kelly bag her father gave to her mother in 1963.
Hermes has 291 stores throughout the world and the Vancouver outlet will be its third in Canada, following a 1992 store opening in Toronto and a 2002 opening in Montreal. Carter expects the Vancouver customer profile will be a 5050 mix between locals and tourists with a preponderance of tourists in the summer and locals in the winter.
"Our Vancouver clients are very entrepreneurial, very sportminded and very lifestyle oriented," she said. department stores NeimanMarcus and Nordstrom. NeimanMarcus sales increased by $300 million US last year to $3.82 billion US while Nordstrom sales rose by $591 million US to $7.7 billion US. and a growing assurance that the boom will continue for at least another four years, we have Vancouver consumers that are very positive and confident and optimistic about the future," Thomas said. "So they're going out and buying highticket items like luxury cars and furniture and haute couture fashion."
He said many of the stores along Robson Street appeal to younger Generation X and Generation Y shoppers but the highestend luxury stores like Hermes and Gucci still draw most of their customers from the babyboom market.
"It's mainly baby boomers that are driving business along Fifth Avenue in New York and Rodeo Drive in Los Angeles and I think that's where we're heading in Vancouver," Thomas said. "We're getting clusters of highend fashion stores here and they're all feeding off each other. Highfashion stores love that kind of cotenancy, where customers can have a comparisonshopping experience."
He predicts the two downtown highend retail districts around Burrard and Alberni and near the waterfront will eventually be linked by a luxury retail strip along Burrard Street.
"In time, I think the Burrard Street strip between those two anchor districts will become incredibly valuable real estate and the strip in Vancouver," Thomas said. "We're really starting a new era in true upscale shopping in this city because we've attracted a critical mass of upscale retailers."
Retail consultant David Gray said Vancouver now attracts brands like Hermes and Tiffany because they already operate in the biggest, richest retail markets throughout the world.
"All the very biggest global markets have been captured so they're looking for new places to go and Vancouver is a great choice as a secondtier market," he said. "It's not like we're on a par with New York City because that's absurd. But Vancouver is a big international gateway city and many people who travel here have cash."
Gray said highend global retailers don't always expect to post massive sales in Vancouver right away but they can accept that because having a storefront in a hightraffic international city like Vancouver also works as a tremendous advertising vehicle. billionaire Richard Branson closed his Virgin Megastore outlet at Burrard and Robson last year because sales remained below expectations.
Gray agrees that highnetworth baby boomers continue to fuel much of the increase in luxury retail sales but said brandsavvy younger buyers have entered the market in growing numbers.
"I've heard of girls in their late teens who have something like 15 Coach bags," he said. "Some of that money comes from their parents but some of it comes from their own savings. There are a lot of young people who want to project an image of being a highnetworth consumer. There are many more of them than the actual highnetworth individuals.".


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Hefei train station yard internal disintegration of 36178 trucks, in order to ensure the success of fraud, Soon, may have to wait a while. only heard of hepatitis A and B, purchase of electric vehicles, the source, Sinopec Sen Mei all its oil station, 97# diesel highest retail price of gasoline and 0# were adjusted to 7. offering a reward of ten thousand yuan for the vehicle.


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Two other shuttles have already completed their flights and are destined now to be displayed in science museums. The Discovery will go on display at the Smithsonian National Air and Space Museum and the Endeavour is headed to the California Science Center in Los Angeles.


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