Luxury


Prada on H1 Profit Drop: No Sign of Improvement

Prada Spring '15

Milan--Prada has booked a drop in first-half earnings due to weakness in Europe, and said there are no signs of improvement in the … [Read more...]

Richemont Sales Growth Slows in First Five Months

cartier

Geneva—Hit by currency exchanges, Compagnie Financiere Richemont AG, parent to Cartier, Van Cleef and other top luxury brands, … [Read more...]

Neiman Marcus Goes International with Luxury Website Purchase

MyTheresea.com

Dallas—Neiman Marcus Group hasn’t had an international presence until today. The luxury retailer revealed it is purchasing a … [Read more...]

“Handbag War” Ends: LVMH, Hermès Make Up

LVMH-Hermes

Paris—One of the most contentious and bitter battles ever in luxurygoods is over.Today—unexpectedly—LVMH and Hermès announced … [Read more...]

Hermès First Half Profit Rises on Asia Sales

Bags in bamboo green colored leathers

Paris--Hermès has revealed a 6.3% increase in first-half earnings and reaffirmed its outlook for the full year.Consolidated … [Read more...]

Week in Review: What to Know Before Labor Day

lv2pg

New York—Ah Labor Day, the last gasp of summer before the craziness of fall (i.e. New York Fashion Week) starts.Maybe because … [Read more...]

Asia Sales Help Ferragamo to Better-Than-Expected Q2

ferragamo

Florence-- Salvatore Ferragamo posted today higher-than-expected profit in the second quarter helped by a strong rise in sales in … [Read more...]

Affluent Consumers Continue their Bumpy Ride to Financial Confidence: Study

lv2pg

Stevens, PA—Compared to last quarter, affluent consumers in the third quarter 2014 are nearly 20% more confident in their … [Read more...]

Tod’s Surprises With Worse-Than-Expected Profit, Sales Fall

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Milan—Tod’s disappointed on Thursday with a larger-than-expected fall in first-half core profit on lower revenue, as negative … [Read more...]

Prada First Half Sales Slow as Leathergoods Sales Weaken

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Milan—After years of reporting stellar sales increases, Prada SpA today reported that sales in its first half slowed from previous … [Read more...]

Coach: China Sales Offset Falling North America Sales

coach

New York—After four quarters of disappointing sales, Coach Inc. today managed to beat estimates in its fourth quarter earnings … [Read more...]

Kering’s Q2 Sales Rise Despite Sharp Drop in Gucci Sales

From Yves Saint Laurent's fall ad campaign

Paris—It was a case of good news/bad news for Kering SA today as the luxurygoods conglomerate reported second quarter revenue that … [Read more...]