Luxury


Neiman Marcus Swings into Holiday Quarter Profit as Online Sales Rise

Neiman Marcus

Dallas--Neiman Marcus Group swung to a second quarter profit today, helped by its recent purchase of Munich-based MyTheresa.com, … [Read more...]

Coach to Open first Paris Flagship on Saint-Honoré

Rue du Faubourt Saint-Honore

New York—Intent on expanding its international presences as it tries to recoup its U.S. business, Coach announced today the … [Read more...]

Ralph Lauren Stock Plunges as Q3 Earnings Miss, Outlook Lowered

The Ralph Lauren Resort 2015 Collection, featuring the Petite Stirrup watch in Rose Gold with Black Dial

New York—Ralph Lauren Corp. faced its biggest one-day stock plunge ever after missing its third quarter earnings and lowering its … [Read more...]

Coach Q2 Earnings Slide Again; Executives Shifts Announced

coachswagger2

New York—Coach Inc. today reported that its second quarter profit and sales fell but its turnaround is starting to take hold. The … [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...]

Coach to Pay Up to $574 Million for Stuart Weitzman from Sycamore Partners

Picture-Perfect Pals: Stuart and Gisele Bündchen reunite for the ‪SS15‬ ad campaign, as photographed by Mario Testino

New York—In its first acquisition, Coach Inc. today revealed it has signed a definitive agreement with private equity firm … [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...]

Does Rudeness Boost Sales in Luxury Stores?

are-you-being-serv_1800537c

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...]