Luxury


Asia to Account for More Than 50% of Luxury Market in 10 Years

Luxury Logos

London—Although some earnings reports from major luxury conglomerates have indicated a slowing in sales of luxurygoods, Asian … [Read more...]

Uptick in Spending by Affluents Seen Ahead

Luxury Shopping

Stevens, PA—The ultra affluents—those consumers who make up the top 20%--have picked up their spending rate, a trend that bodes … [Read more...]

Ralph Lauren Q1 Profit Falls on Slowed Sales

Ralph Lauren Safari

New York—Ralph Lauren Corp. today reported a lackluster first quarter where earnings and sales results were hit by unfavorable … [Read more...]

Report: Neiman Marcus Hired Banks to Lead IPO

Neiman Marcus

Dallas—The owners of Neiman Marcus Group moved closed this week to launching a purported initial public offering of the luxury … [Read more...]

After Stronger-Than-Expected Q2, Hermés Headed to Another Record Year?

Hermes claimed victory this year in its long-running dispute with LVMH.

Paris—Buoyed by a 12% jump in its second quarter sales, Hermés said today that its full year revenue is well on its way achieving  … [Read more...]

Affluent Shoppers Are Playing a Larger Role in Fashion, Study Concludes

From Gucci's Cruise 2014 Collection

Stevens, PA—Although the so-called mass market accounts for the most sales in the fashion industry, a new study found that … [Read more...]

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...]