Luxurygoods


Hermès Issues Special Dividend as 2011 Profit Spikes

Hermes Handbag and accessories

Paris—Shareholders of Hermès International S.C.A. got a double dose of good news last week. The Paris luxurygoods house announced … [Read more...]

Neiman Marcus Group to Invest in Chinese Website

The Neiman Marcus Group

Dallas and Shanghai—Neiman Marcus Group, Inc., parent to Neiman Marcus and Bergdorf Goodman stores, is the latest luxurygoods … [Read more...]

Tiffany’s Q4 Profit Falters a Bit, But Outlook is Strong

Tiffany Ad Campaign

New York—Tiffany & Co. reported today that its fourth quarter profit was down for the first time in more than two years, but … [Read more...]

Saks Q4 Beats Estimates as Demand for Luxury Rises

Tori Burch at Saks Fifth Avenue. Handbags have been a top performer for the retailer.

New York—Buoyed by the upward swing in luxury sales, Saks Inc. reported today that its fourth quarter profit and sales beat … [Read more...]

Mystery Shoppers on Luxury Brands In-Store vs. Online

Summer styles from Burberry.com

New York—Burberry earned top marks for its in-store and online experiences among luxury brands in a recent mystery shopper study, … [Read more...]

Its Transition Well Underway, PPR Expects “Better” 2012

YVES SAINT LAURENT SPRING 2012

Paris—Reporting that its 2011 profits rose 2.3% as it transitioned out of lower end retail, PPR, parent to Gucci, Bottega Veneta … [Read more...]

Accessories Boost Michael Kors Q3 Profit, Sales

Safari chic from Michael Kors' Spring/Summer collection

New York—Michael Kors’ Fall 2012 runway show isn’t until tomorrow, but the brand was the talk of Wall Street today as his company, … [Read more...]

Ralph Lauren Q3 Profit Exceeds Expectations as Sales Rise 17%

Pastel palette from Ralph Lauren's Spring 2012 runway

New York—Shares of Ralph Lauren Corp. surged 10% in early trading today after the company reported better-than-expected results … [Read more...]

LVMH 2011 Profit Beats Forecasts, Optimistic for Future

Summer ad campaign for Louis Vuitton, LVMH's flagship brand

Paris—Saying it is “well equipped” to continue growth this year, LVMH said Friday that sales in Asia and demand for its Louis … [Read more...]

World Luxury Association Names “Most Valuable” Luxury Brands

luxurygoodsbrands

Beijing—It seems appropriate that the World Luxury Association (WLA), a  non-profit luxury brands research and management … [Read more...]

Mulberry on a Roll: Holiday Sales Up 25%

The Bayswater handbags, a top seller at Mulberry

London—Armed with a 25% comparable store sales gain during the holiday season, Mulberry Group PLC said today that it expects its … [Read more...]

Convenience Store Luxurygoods? Yep, in South Korea

7-Eleven in South Korea plans another luxurygoods sale for the upcoming New Year's celebration.

Seoul—Ever stop by the 7-Eleven for a quick quart of milk, cigarettes or a Gucci handbag? Not likely, that is unless you are in … [Read more...]