Luxury


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...]

Mulberry Issues Another Profit Warning

mulberry

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

burberry

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

Luxury-Goods-Shop-Receipt-0414

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

Brookfield-Pavilion

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