Luxurygoods


Hermes Launches its First Chinese Luxury Brand

Hermes Launches its First Chinese Luxury Brand

Hong Kong—Hermès opened today its latest retail concept, Shang Xia, the first of what the French luxurygoods company hopes will be … [Read more...]

Richemont Half Year Sales Beat Forecast

Richemont

Geneva—Richemont, the luxurygoods giant behind 19 leading luxury brands including Cartier, Montblanc and Chloe, reported this week … [Read more...]

Hermes Half Year Profit Rises 55%

Gains in sales of scarves and other accessories helped boost second quarter sales

Paris--Hermès International SCA, the French maker of luxury handbags, silk scarves and other accessories, said today its … [Read more...]

The Snooki Effect: New Anti-Branding Tactic in Handbags?

Snooki with her Gucci bag

New York—Poor Snooki.First, one of her own cast mates on her now infamous MTV reality series “Jersey Shore” said she looked … [Read more...]

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...]