Luxurygoods


Affluents Enjoy the Little Things in Life, as a Luxury Drought Takes Hold

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Stevens, PA—Affluent consumer confidence took another turn for the worst in the second quarter 2015, according to the latest … [Read more...]

Burberry Takes Advantage of Currency Changes as Sales Rise 9%

Sunglasses from The Gabardine Collection, inspired by Burberry's trench coat fabric

London—Thanks to pricing adjustments to counteract the effects of currency fluctuations and strong sales of its raincoats and … [Read more...]

Rumor: Amazon in Talks to Acquire Richemont’s Net-a-Porter?

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Seattle—Could Internet behemoth Amazon be ready to gobble up Net-a-Porter, the luxury website owned by Swiss firm Compagnie … [Read more...]

Luxury Market Faces a Drought as Affluents Choose Conscious Consumption

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Stevens, PA—The U.S. economy may be in a post-Great Recession period but many of the consumer values developed during the time … [Read more...]

Prada Full Year Sales Down 1% in Line with Estimates

Spring/Summer campaign at Prada

Milan—Prada may have been one of the luxurygoods sectors worst performers the last two years, but the brand, which also owns Miu … [Read more...]

Saint Laurent Sales Boost Kering Q4 as Gucci Stalls

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Paris—Kering SA reported Tuesday that its fourth quarter revenue rose as its Saint Laurent brand saw a sales increase while its … [Read more...]

Currency Impacts to Slow Hermès’ Growth in 2015

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Paris-Although one of the best performing public luxurygoods companies, Hermès International SCA today said it expects its 2015 … [Read more...]

LVMH Hits New Heights as 2014 Profit Rises 64%

Photographer Bruce Weber shot actress Jennifer Connelly for the Louis Vuitton SERIES 2 Spring 2015 campaign.

Paris—LVMH enjoyed a record high in shares today after reporting Tuesday that its luxurygoods sales were higher than expected last … [Read more...]

Gucci Promotes “Insider” Accessories Designer as New Creative Director

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Paris—Alessandro Michele, head of accessories at Gucci, was named today as the new creative director for Gucci, according to … [Read more...]

Hong Kong Protests Dampen Burberry’s Asian Sales Gains

Campaign stars Naomi Campbell and Jourdan Dunn wearing Burberry Prorsum for the Spring/Summer 2015 campaign

London—The pro-democracy activists who camped out in Hong Kong’s main business district for two months to bring attention to their … [Read more...]

Dangerous Deals: 84% of Americans Unsure Between Knockoffs and Authentic Luxurygoods

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New York–As the countdown to the doorbusters deals of Black Friday (or Grey Thursday—Thanksgiving) begin so do the warnings from … [Read more...]

Global Luxury Business to Hit $405 Billion in 5 Years

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London--Euromonitor International, a market research firm, predicts that the worldwide luxury business will grow 19 percent to … [Read more...]