Luxury


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...]

Does Rudeness Boost Sales in Luxury Stores?

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Vancouver--A study by the University of British Columbia’s Sauder School of Business suggests that snooty service may actually … [Read more...]

Scrooge Syndrome: Affluents’ Confidence Dips to Great Recession Lows

Wealthy Shoppers

Stevens, PA--Call it the "Scrooge Syndrome." The consumers who have the money--and loads of it--are worried about the economy and … [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...]

Currency Exchanges Hit Burberry’s First Half Profit

The Orchard in military red for Autumn/Winter, crafted from textured leather and embossed with the iconic check.

London—Burberry Group Plc today blamed foreign currency exchange rates for its reduced half year earnings. For the six month … [Read more...]

Hermès Q3 Sales Rise Despite Faltering Asian Sales

hermesad

Paris—Hermès International SA said today that its third quarter sales grew 10.6% despite slower demand in Greater China. Sales … [Read more...]

Ralph Lauren Q2 Better-Than-Expected, But Forecast Disappoints

The best-selling Soft Ricky handbag

New York— Ralph Lauren Corp. today reported a much-better-than expected Q2 profit, but the company’s annual forecast disappointed … [Read more...]

Coach Shares Fall as Its Q1 Results, Forecast Dismay

Mini Studs Edie, a favorite style this fall

New York—Despite reporting today a first quarter profit that beat estimates, Coach saw its share fall as the leathergoods company … [Read more...]

Item of the Day: Deepa Gurnani

deepa

Winter breezes are blowing leaves off the trees in an ominous way. Weather forecasters and trend forecasters have said that this … [Read more...]

Gucci Down, Puma Up in Kering’s Q3 Sales Report

Gucci Cruise

Paris—Kering SA today reported third quarter sales in line with estimates even though its Gucci business was off due to weaker … [Read more...]

Melin Partners with Lids on Luxury Headwear Line

melin

Laguna Hills, CA—Melin is partnering with LIDS, the largest hat specialty retailer in the world, to bring their premium hats to … [Read more...]

LVMH Sales Up Despite Weakness in Asia

What happens when Christian Louboutin designs for Louis Vuitton's Monogram Collection: a Shopping Trolley. Retail: $23,000

Paris—LVMH, “the world's biggest luxury group,” reported today that sales were up in its third quarter as business picked up in … [Read more...]