New York—Shares of Coach Inc. fell by double digits in early trading today after the luxury leathergoods company reported slower … [Read more...]
China
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 -
Balenciaga Appoints Alexander Wang as Creative Director
Paris—Award-winning designer Alexander Wang was officially appointed today as the creative director of the Balenciaga fashion … [Read more...]
December 3, 2012 -
Neiman Marcus Q1 Profit Nearly Flat on Costs, Cautious Spending
Dallas—Neiman Marcus Inc. reported Wednesday that its first quarter profit was almost flat compared to last year due to … [Read more...]
November 30, 2012 -
Walmart Q3 Profit Up 9%, But Sales, Q4 Forecast Miss
Bentonville, AR—Walmart reported today that its third quarter profit increased 9% but the world’s largest retailer’s sales … [Read more...]
November 15, 2012 -
Report: U.S. Domestic Apparel Manufacturing Hit New Heights in 2011
Arlington, VA– Following in the footsteps of the U.S. footwear industry's surge in Made in USA manufacturing last year, the U.S. … [Read more...]
November 2, 2012 -
Gucci Parent PPR Reports Q3 Luxurygoods Sales Up 24%
Paris—PPR, the luxury conglomerate that owns Gucci, Bottega Veneta and Yves Saint Laurent, today reported that its third quarter … [Read more...]
October 25, 2012 -
Coach Q1 Profit Rises on International Sales
New York--Coach Inc. reported today that its first quarter profit rose 3% helped by an increase in international sales. And in a … [Read more...]
October 23, 2012 -
LVMH Reports a 22% Increase So Far This Year Amid Concerns of a Luxury Slowdown
Paris—LVMH, the world’s largest luxurygoods conglomerate, reported Monday that sales for the first nine months of the year … [Read more...]
October 16, 2012 -
Despite Slower Growth, Burberry Sees Half Year Sales Gain
London—Burberry Group Plc, whose sales have been closely tracked as a bellwether in luxurygoods sales, reported today that its … [Read more...]
October 11, 2012 -
