Luxury


Ultra-Wealthy Shoppers Rate Top Retailers for Cultivating Relationships

Photographer Ellen Von Unwerth's shot for Glamour of Lily Collins shopping Bergdorf Goodman.

New York—You don’t have to have a net worth of $5 million or more to know that high-end retailers, such as Nordstrom, … [Read more...]

Neiman Marcus Q3 Profit Up 13%

Neiman Marcus

Dallas—Amid various rumors that Neiman Marcus Group might launch an IPO or even be part of a merger with rival Saks Inc., the … [Read more...]

Ralph Lauren Q4 Profit Jumps, But Sales Miss

Cool nautical blues with pops of color in the windows of Ralph Lauren's Madison Avenue store

New York—While Ralph Lauren Corp. today beat estimates with a 35% rise in its fourth quarter profit, the company’s sales and full … [Read more...]

How to Overcome Affluent Consumer Resistance to Indulge in Luxurygoods

Luxury Goods

Stevens, PA—If luxury spending by U.S. affluent consumers has chilled as some studies have suggested, then it will be incumbent … [Read more...]

Report: Affluents’ Spending Driving Up U.S. Economy

Luxury Spending

Stevens, PA—While the financial press is full is full of reports of rebounds in retail and consumer spending, this post-Great … [Read more...]

Study: Affluent Shoppers Rapidly Adopting Mobile Lifestyle

Dec. 24, or "Mobile Eve," should see an upswing in mobile commerce as last minute shoppers search for gifts.

Stevens, PA—More than half of affluent consumers used mobile devices for research purposes, including travel and dining … [Read more...]

Hermès 2012 Profit Beats Expectations and Records

Vive le sport! Hermès' spring campaign

Paris—In marketing terms, Hermès enjoys a place at the top as “absolute luxury.” That rarified niche is proving lucrative, too, … [Read more...]

Expenses, Markdowns Flattened Neiman Marcus Q2 Profit

ZAC by Zac Posen Eartha Tote at Cusp by Neiman Marcus (www.cusp.com)

Dallas—Burdened with a one-time interest expense during its holiday quarter, Neiman Marcus Inc., owners of Neiman Marcus and … [Read more...]

Saks Inc. Posts Q4 Profit Decline, But Still Beats Forecasts

Saks Fifth Avenue

New York—Despite sales at some of its Saks Fifth Avenue and Off Fifth stores being negatively affected by Superstorm Sandy, Saks … [Read more...]

Tough-Minded Affluent Consumers Warrant New Luxury Marketing Directions This Year

luxurygoodsbrands

Stevens, PA—Recent reports from leading luxurygoods purveyors such as LVMH, Ralph Lauren, and Tod’s have proved that whatever the … [Read more...]

Study: Luxury Sales Moving to Experiential, Away from Luxurygoods

Even luxury-hungry, status conscious wealthy Chinese consumers are spending more on experiential luxuries rather that luxurygoods.

New York—Worldwide luxury sales are expected to rise 7% through 2014 if demand continues in Greater Asia and if the Eurozone debt … [Read more...]