London—In what was viewed as a dramatic turnaround in the luxury market, Burberry Group PLC today reported a pretax profit ahead … [Read more...]
China
Gap Inc. Outlines Global Growth Plans, Including Old Navy Franchises
San Francisco—In its bid to move from being “America-centric” to “global-centric,” Gap Inc. plans to step up … [Read more...]
April 18, 2013 -
Burberry Surprises With Strong Q4 Sales
London—In a quarterly performance that analysts say outdid its rivals, Burberry Group Plc today reported its fourth quarter … [Read more...]
April 17, 2013 -
CFDA Partners with Chinese E-Tailer to Promote U.S. Fashion in China
New York—West meets East! The Council of Fashion Designers of America (CFDA) said today that it had inked its first Chinese … [Read more...]
March 28, 2013 -
H&M to Open 350 Stores This Year
Stockholm—H&M announced Thursday that it plans to open more stores this year than expected, even as its first quarter profit … [Read more...]
March 22, 2013 -
Tod’s 2012 Profit Rises on International Sales
Milan—Tod’s SpA raised its dividend Wednesday after posting a 2012 net profit on strong sales of its footwear and leathergoods … [Read more...]
March 14, 2013 -
1,500 Fake Hermès Handbags Seized at Port of L.A.
Los Angeles—Imports of counterfeit luxury leathergoods are on the rise which is why the U.S. Customs and Border Protection made … [Read more...]
March 6, 2013 -
Comp Store Sales Gains in North America Boost Q4 Profit for Gap Inc.
San Francisco—Boasting its best holiday quarter in six years, Gap Inc. today reported increased fourth quarter earnings aided by … [Read more...]
March 1, 2013 -
Coach Q2 Profit, Sales Slow on “Challenging” North America
New York—Shares of Coach Inc. fell by double digits in early trading today after the luxury leathergoods company reported slower … [Read more...]
January 23, 2013 -
Nike Q2 Profit Stumbles, But Still Beats Estimates
Beaverton, OR—Despite sagging sales in Greater China that resulted in an 18% drop in its second quarter profit, Nike’s … [Read more...]
December 21, 2012 -
It’s Official: Chinese Consumers Biggest Buyers of Luxurygoods
Boston—Even with the slowdown in their home economy, Chinese consumers surpassed U.S. consumers to become the biggest buyers of … [Read more...]
December 17, 2012 -
Prada Q3 Profit Stuns: Up 57% on Asia and Leathergoods Sales
Milan—While many luxurygoods brands are bracing for an apparent slowdown in sales, Prada continues to buck the trend. On … [Read more...]
December 7, 2012 -
