Luxury


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...]

Higher Costs Weighed on Mulberry’s First-Half Profit

Mulberry's Clemmie clutch and envelope wallet in metallic mushroom

Somerset, England—Mulberry Group reported today its first-half profits slumped 30%, after higher costs related to its continued … [Read more...]

Ralph Lauren Q2 Profit Edges Down, But Raises Sales Forecast

Ralph Lauren: Hopeful for the holidays

New York—Ralph Lauren Corp. today reported a 4.2% decline in its second quarter profit, but still raised its full year sales … [Read more...]

Barneys Hires Civil Rights Expert Following Racial Discrimination Charges

Last year Change.org started a petition sign asking Jay Z to quit his relationship with Barneys New York

New York—In the wake of a public outcry following alleged incidents of racial discrimination by its sales associates, Barneys New … [Read more...]

Wealthy Consumers Retail Fav: Neiman Marcus

Neiman Marcus

New York—When it comes to providing the luxury retail experience—either online or in store—one retailer rises above: Neiman … [Read more...]

Falling Confidence, Sales Reveal Even Affluent Consumers Worried

Luxury Holiday 2013

Stevens, PA—The latest consumer holiday spending report—this one for the nation’s most affluent consumers—may be even more … [Read more...]

Week in Review: The 10 Online Articles Not to Miss

Holiday Shopping

New York—As it has in almost every media outlet, the U.S. government shutdown—and the impending deadline for the debt … [Read more...]

Richemont: Net-a-Porter is Not for Sale

Fall must-haves at Net-a-Porter: Gucci skirt, Lanvan handbag, Aquazzura shoes

Bellevue, Switzerland—Cie. Financiere Richemont SA, the luxurygoods conglomerate that owns Cartier, Van Cleef & Arpels, … [Read more...]