Luxurygoods


Saks Inc. Narrows Q2 Loss, Improves Margins

Saks Fifth Avenue flagship

New York--Saks Inc.'s fiscal second-quarter loss narrowed on rebounding sales and improved margin due to better inventory … [Read more...]

Neiman Marcus Launches M-Commerce Site

Neiman Marcus Mobile Site

Dallas--Neiman Marcus has launched an enhanced mobile version of its main website to target affluent shoppers using mobile phones … [Read more...]

Spending Pulse: July Retail Sales Mixed

Spending Pulse

Purchase, NY--"It's growth, but it's pretty weak growth," said Kamalesh Rao, director of Economic Research for SpendingPulse about … [Read more...]

PPR Reports 1st Half Profit Surges 87%

Francois-Henri Pinault, chairman and chief executive of PPR, will assume control of the Gucci Group luxurygoods division next month.

Paris--PPR SA reported today a first-half profit surge of 87% as demand for apparel and accessories in Asia offset faltering … [Read more...]

Luxurygoods Logo Study: Less is More

Luxurygoods Logo Study: Less is More

Los Angeles —The logo on designer handbags may say far more about a consumer’s social status and aspirations than the brand name … [Read more...]

Birkin Bags Hit New Highs at Auction

Christie sold “Blue Abyss” crocodile Birkin from Hermès’ 2010 collection for about $63,874.

London—Maybe it’s acase of frugality fatigue in the extreme, but wealthy collectors have been snapping up rare Hermès Birkins at … [Read more...]

LVMH’s 1st Half Income Rises 53%

LVMH

Paris--LVMH Moet Hennessy Louis Vuitton, the world’s largest maker of luxury goods, reported today that its first-half profit that … [Read more...]

As Sales Surge 23% in First Half Hermes Doubles Annual Forecast

Hermes window

Paris—Reporting nearly a 23% surge in first half sales, Hermes International today doubled its revenue forecast for the year—a … [Read more...]

Study: Footwear to become Fastest Growing Luxury Business

Luxury Footwear

London--Although consumers may be more cautious about spending on higher priced items, one classification is growing faster than … [Read more...]

Study: Luxury Brands Embrace E-Commerce but a Decade Late?

eluxury

Stevens, PA—While some luxury apparel and accessories brands have recently begun e-commerce initiatives for the first time, a new … [Read more...]

Burberry 1st Quarter Sales Up 24%

Burberry storefront

LONDON--Burberry Group Plc got off to a strong start to its financial year. The 154-year-old luxury goods company--famous for its … [Read more...]

Mastercard Index Reports Modest June Sales

The SpendingPulse June report found luxurygoods sales fell 3.9% as stock market fluctuations caused affluent consumers to hold back on their spending

Purchase, NY—In its monthly report on consumer spending at retail, MasterCard Advisors’ SpendingPulse reports that sales increased … [Read more...]