New York—Expansion by American retailers is going far beyond Western Europe, Greater China and Japan. A perfect example is Saks … [Read more...]
Luxurygoods
New Book Unveils Secrets to Brand Success
London--How does a brand use its long, venerable heritage to its advantage without alienating customers who want the latest and … [Read more...]
June 24, 2011 -
Ferragamo to Launch IPO in Italy
Milan--Salvatore Ferragam has filed for a stock market listing where it hopes to raise nearly 500 million euros (about $709 … [Read more...]
June 17, 2011 -
Mulberry Full Year Profit Quadruples
London—Mulberry reported today that its full year profits more than quadrupled as the British leathergoods brand reported sales … [Read more...]
June 16, 2011 -
Study: Wealthiest Shoppers Decline in Better Dept Stores
Stevens, PA—Although the nation’s wealthiest consumers, those with incomes $250,000 and above, have reportedly returned to … [Read more...]
June 15, 2011 -
LVMH: No Intention of Hermes Takeover
Paris—Shares of Hermès International regained momentum this week after dropping nearly 5% June 10 after LVMH emphatically … [Read more...]
June 14, 2011 -
Acquisition Rumors Erupt in Luxurygoods Sector
Paris—European stock and retail analysts have been aflutter this week with speculation about LVMH possibly increasing its stake … [Read more...]
June 7, 2011 -
Prada IPO Said to Raise $2.6 Billion Ahead of Listing
Hong Kong—Italian luxurygoods conglomerate Prada SpA may raise some $2.6 billion in its initial public offerings on … [Read more...]
June 6, 2011 -
BaselWorld: Sparkle Plenty
Luxury may be back but jewelry designers and watchmakers are keeping an eye on the bottom line. Jeff Prine ticks off As … [Read more...]
June 1, 2011 -
Luxury Earnings: Neiman Marcus, Tiffany & Co. Report Profit Rises
Neiman Marcus Inc. Q3 Profit Doubles As Margins, Sales Improve Dallas—Neiman Marcus, Inc.'s third-quarter earnings more than … [Read more...]
May 27, 2011 -
Burberry Full-Year Pre-Tax Profit Soars
London—Thanks to strong increases in its retail and wholesale sales, Burberry Group reported today a 39% surge in its fiscal … [Read more...]
May 26, 2011 -
Nordstrom Q1 Profit Up, but Lowers Outlook on Takeover Costs
Seattle—Although Nordstrom reported Thursday a 25% increase in its first quarter profit, the retailer also lowered its full-year … [Read more...]
May 13, 2011 -
