Luxury


Kering 2013 Profit Plummets on Company Restructure

Gucci held its Fall/Winter 14-15 runway show on Wednesday in Milan.

Paris—When Kering, the luxurygoods conglomerate behind Gucci, Bottega Veneta, Stella McCartney etc., said last November it … [Read more...]

Luxury Study Contrasts Shanghai vs New York

dior

London—The differing shopping habits of luxury consumers in Shanghai and New York are analyzed in a new study from digital direct … [Read more...]

Week in Review: Top Stories from NYFW

Custo Barcelona, Tory Burch, Rodarte

New York—It may be frigid, icy, snowy, rainy or slushy one or two days this week in much of the Eastern half of the United States, … [Read more...]

Defying Luxury Slowdown, Hermès Q4 Sales Strong

Hermès' spring ad campaign

Paris—While the negative effects of the weak yen may have hurt somewhat, Hermès International SA today reported its fourth quarter … [Read more...]

Prada’s 2013 Sales Rise 9% But Miss Estimate Anyway

From the new spring campaign for Prada brand

Milan—Healthy gains in Asia and the Americas helped Prada SpA post a 9% increase in its 2013 sales results although lower European … [Read more...]

Report: Affluents to Forestall Spending in Favor of Savings?

Luxury Market

Stevens, PA—“If you’ve got it, flaunt it.” That’s certainly not going to be the mantra of the nation’s most affluent consumers … [Read more...]

Ralph Lauren Posts “Solid” Profit in “Shaky” Retail

RL

New York—Seemingly immune to pressures many other fashion companies have reported so far this season, Ralph Lauren Corp. today … [Read more...]

Astounding Report: Michael Kors Profit Up 77%, Sales Hit $1 Billion

Mkors

Hong Kong—For rivals that have seen their market shares decrease as the Michael Kors brand expands, today's report wouldn’t be … [Read more...]

Mulberry Gives Profit Warning as Holiday Sales Disappoint

mulberry

Somerset, England—Citing the impact of more affordable brands such as Michael Kors and the need for “more excitement” in its … [Read more...]

Tod’s 2013 Sales Inch Up, But Miss Estimate

Tod's

Ancona, Italy—Although revenue in its home country of Italy took a hit amid its worst post-war recession, Tod's SpA reported today … [Read more...]

Coach Posts Q2 Fall in Profit as U.S. Sales Continue to Falter

coach

New York—Shares of Coach Inc. slumped more than 7% in trading today after the handbag and luxurygoods brand reported a 16% drop in … [Read more...]

Neiman Marcus Swings into Q1 Loss on Buyout Costs

Neiman Marcus

Dallas—Neiman Marcus Group today reported it swung into a first quarter loss due to more than $100 million in costs associated … [Read more...]