Commerce Dept: January Retail Sales Up Despite Tax Hike Worries

January 2013 retail

Washington—Worries that the hike in payroll taxes that went into effect in January might hinder retail sales appear to be … [Read more...]

Hermès Reports Record 2012 Sales

"Absolute luxury" Hermes style

Paris—The view isn’t only better from the top, business is too. At least that’s the take home from Hermès International SCA which … [Read more...]

Michael Kors Q3 Sales, Profit Soars Ahead of Forecasts

Michael Kors handbag

New York—Once again Michael Kors Holdings Ltd. has impressed Wall Street, reporting third quarter earnings today that blew past … [Read more...]

Tough-Minded Affluent Consumers Warrant New Luxury Marketing Directions This Year

luxurygoodsbrands

Stevens, PA—Recent reports from leading luxurygoods purveyors such as LVMH, Ralph Lauren, and Tod’s have proved that whatever the … [Read more...]

January Comp Sales Rise, Easily Beating Forecasts

JANretail

New York—Whether it was the U.S. Congress finally averting the so-called fiscal cliff in early January, a spate of Arctic cold … [Read more...]

Wet Seal Cuts Costs and Employees; President Resigns

Wet Seal

Foothills Ranch, CA—Wet Seal Inc. announced Friday that Ken Seipel, its president/chief operating officer, would be leaving the … [Read more...]

Retailers Pleased: “Container Cliff” Averted

container ship and loading crane in port

Washington—The nation’s retailers applauded a tentative contact agreement reached late Friday between the International … [Read more...]

LVMH 2012 Sales, Profit Post Double-Digit Growth

louisvuittonluck2

Paris—Despite being faced with continued economic slumps in many parts of the world—even a slowdown in the Chinese economy, LVMH, … [Read more...]

Ross-Simons to Unveil New Luxury Jewelry Brand

Darrell Ross

Cranston, RI—Ross-Simons, the 61-year-old direct-to-consumer jewelry retailer, will be expanding this year with a new brand: … [Read more...]

Item of the Day

DAZZLEDAILY.COM PINK SWAROVSKI HEART NECKLACE

Some dazzle a day not only keeps the doctor away, but keeps you looking pretty darn good. At least that’s the view of Claudette … [Read more...]

Affluent Consumers: Pessimistic, Tight-Fisted About 2013?

Luxury Logos

Stevens, PA—The U.S. Congress may have eked past a fiscal cliff and debt ceiling crisis (at least for now), but that’s of no … [Read more...]

H&M Q4 Profit Narrows on Expansion Costs

Spring looks from H&M

Stockholm—H&M, the world’s second largest fashion retailer, reported today an unexpected drop in its fourth profits due in … [Read more...]