Luxurygoods


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...]

China: The Largest Luxurygoods Mkt by 2015

Chinese consumers

Beijing--China is set to become the world's largest market for luxury goods in five years after overtaking the United States for … [Read more...]

Study: Fewer Luxury Shoppers but Spent More

Luxury Shoppers

Stevens, PA--Fewer affluent consumers bought luxury clothing, fashion accessories and jewelry last year, according to new … [Read more...]

Report: Mass Market to Lose Out as Buying Patterns Shift

Mass Market

Polarization within the fashion retail market will lead to a decline of the mass market sector by 2016, a new report by just-style … [Read more...]