Luxurygoods


Holiday Sales Update: November Gains Continue

As Christmas Day approaches, sales continue the uptick that began in November

Purchase, NY—Gifts under Christmas trees this year are likely to have more apparel, accessories and jewelry inside than last … [Read more...]

LVMH Increases Stake in Hermes Again

LVMH-Hermes

Paris—In a brief statement released today, LVMH Moët Hennessy Louis Vuitton (LVMH) announced that it has increased its stake in … [Read more...]

Neiman Marcus Q1 Profit Triples

Neiman Marcus

Dallas—Mirroring increases that many European luxurygoods companies have been reporting recently, Neiman Marcus Inc. posted today … [Read more...]

Hermes Prepares to Battle LVMH

LVMH-Hermes

Paris--Hermès International SCA said it hired BNP Paribas SA and Bank of America Corp. as advisers to help fend off a possible … [Read more...]

Tiffany Q3 Profit Shines at 27% Increase

Tiffany blue box

New York—Buoyed by improving demand for jewelry in the United States and strong growth in Asia, Tiffany & Co. reported today … [Read more...]

Nordstrom, Saks Q3 Profits Rise, Predict Better Q4 Sales

Saks Fifth Avenue flagship

Women are returning to buying full-price fashion classifications, especially dresses, footwear and fashion jewelry, according to … [Read more...]

Burberry’s First Half Up 46%

Burberry storefront

London--Burberry today booked a 46% hike in first-half pre-tax profit, helped by strong growth of its apparel and leather bags in … [Read more...]

Richemont Half Year Profit Jumps 88%

Richemont

Geneva—While Richemont reported Friday that profit from its luxury brands such as Cartier, Mont Blanc and Van Cleef & Arpels, … [Read more...]

Hermes Lifts Full-Year After 31% Q3 Sales Increase

Hermes window

Paris—Hermès continues to make news in luxury retailing and this time it’s not just about the recent fight over LVMH’s “hostile” … [Read more...]

Report: U.S. Retail Swings to Positive Momentum

Shopping Street

Purchase, NY—Retail sales in October continued a momentum that puts many fashion categories into strong positions heading into the … [Read more...]

Gucci Brand Helps PPR’s 3Q Sales Rise 13%

Gucci 2011

Paris—PPR, the luxurygoods conglomerate that owns Gucci, Yves Saint Laurent and Bottega Veneta, reported Thursday that its third … [Read more...]

Luxury Forecast: A Drought Ahead?

Pam Danziger's new book on the changing luxury marketplace

New York—While some luxury brands have been trumpeting a rebound in the luxury market, one leading expert says it may still be too … [Read more...]