Hong Kong


Prada 2014 Profit Drops by Nearly 30% on Weaker Sales

The third chapter of Prada The Iconoclasts was inaugurated during Paris Fashion Week at Prada Faubourg Saint-Honoré store. "Worldwide known costume designer Milena Canonero, four times Oscar winner - reinterpreted the visual identity of the store through the Feng Shui philosophy"

Milan—Stung by weaker sales in Asia, Prada today reported its net profit dropped 28% last year. As has been reported by other … [Read more...]

Richemont Q3 Sales Stall on Hong Kong Protests

cartier

Geneva-- Cie. Financiere Richemont SA, the Swiss luxurygoods parent to Cartier, Van Cleef & Arpels, Montblanc etc, today … [Read more...]

Hong Kong Protests Dampen Burberry’s Asian Sales Gains

Campaign stars Naomi Campbell and Jourdan Dunn wearing Burberry Prorsum for the Spring/Summer 2015 campaign

London—The pro-democracy activists who camped out in Hong Kong’s main business district for two months to bring attention to their … [Read more...]

Prada Q3 Profit Plummets as Sales Slowdown

PRADASPHERE: A special exhibition exploring the universe of Prada.

Milan--Prada reported today that its third quarter profit dropped 44% as sales declined. The luxurygoods company said it plans to … [Read more...]

NYC Surpasses Hong Kong for Most Expensive Retail Rent

Bergdorf-Goodman_9187

New York--New York City’s retail rent is now the highest in the world, reaching $3,500 per sq. ft. per year on Upper Fifth Avenue. … [Read more...]

Tod’s 9-Month Profit Falls 21.6%

Tod’s Portraits enters the world of Sonia Sieff, the French photographer and film director.

Ancona, Italy—Tod’s reported that its nine-month profit dropped 21.6% as costs rose and fewer of its high margin leathergoods were … [Read more...]

Burberry’s First Half Sales Rise, But Warns About Second Half

burberry

London--Burberry Group Plc today blamed a deteriorating market for hurting will hurt profitability this year, the latest among … [Read more...]

J. Crew Q2 Net Falls 38% Despite Sales Rise

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New York—J. Crew Group Inc. said Thursday that its second quarter profit fell 38% as the privately held retailer posted higher … [Read more...]

LVMH First Half Profit Hit by Exchange Rates

Pre-fall look at LVMH's Fendi brand, a strong first half performer

Paris—LVMH—the world’s largest luxurygoods conglomerate—felt the sting of a “pressured” Asian market that pushed its profit and … [Read more...]

Swatch First Half Earnings Drop for First Time in 5 Years

Nicole Kidman, one of the brand ambassadors for Swatch Group's Omega brand

Zurich—Reporting its first drop in half year earnings in five years, Swatch Group today warned of an uncertain second as Hong … [Read more...]

Hermès Q2 Sales Slow, Hit by Currency Exchanges

"Once upon a time in the Wild West of Paris"...Hermès interprets Western

Paris— Hermès International SCA reported today that its second quarter sales trailed estimates as the weakness of the yen and a … [Read more...]

J. Crew Heads to China with Lane Crawford’s Help

Lane Crawford’s Seasons Place in Beijing, a three-level flagship designed by Yabu Pushelberg, is one of the stores that will house the J. Crew collection.

New York—It seems like every U.S. retailer is thinking about business in China. Whether it’s opening flagships, like the Gap has, … [Read more...]