Luxury


Mulberry Issues Another Profit Warning

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Somerset, England—Shares of Mulberry sunk 14% today after the luxury handbag company told analysts that its full year profit would … [Read more...]

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

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

Global Luxury Business to Hit $405 Billion in 5 Years

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London--Euromonitor International, a market research firm, predicts that the worldwide luxury business will grow 19 percent to … [Read more...]

Saks to Open Second NYC Store in Financial District

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Toronto and New York--Hudson’s Bay Company announced today that it has signed a lease with Brookfield Property Partners L.P. … [Read more...]

Prada on H1 Profit Drop: No Sign of Improvement

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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

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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

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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

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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

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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

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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

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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

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