Nike has long dominated the tennis wars with many of the biggest stars in the game, but Under Armour is betting big on its newest star.» Read More
Tiffany misses with Q2 earnings.
HAMILTON, Bermuda— Signet Jewelers Ltd.' s fiscal second-quarter adjusted profit topped analysts' estimates as revenue improved thanks to solid sales from various brands. The Hamilton, Bermuda- based company— which runs stores under brands such as Kay Jewelers and Jared The Galleria of Jewelry— earned $62.2 million, or 78 cents per share, for the period ended Aug. 1.
Aug 6- Handbag and accessories maker Michael Kors Holdings Ltd reported a 7.3 percent rise in sales, helped by higher demand in North America, its biggest market. Net income fell to $174.4 million, or 87 cents per share, in the first quarter ended June 27, from $187.7 million, or 91 cents per shares, a year earlier. Revenue rose to $986 million from $919.2 million.
Luxury retailers are getting pinched, as the economic slowdown and stock market volatility in China dampen spending among wealthy consumers. CNBC's Courtney Reagan reports.
Madelaine Ollivier, luxury analyst for Wealth-X, discusses China's luxury consumers.
Underwear maker Mack Weldon incorporates this metal into its fabrics.
Ulric Jerome of Matchesfashion.com explains why technology is the key to unlocking the luxury market's potential.
Luxify co-founders, Alexis Zirah and Florian Martigny, explain why Asia's affluent are switching from Prada to a different business model.
Having it all: business built on passion, time for family, and control. Dylan Lauren and Stacey Bendet spill the jellybeans.
Nike, the world's largest sports shoe company, said Chairman and co-founder Phil Knight would step down next year.
Matt Powell, vice-president of industry analysis at NPD Group, discusses Nike's recent "terrific" earnings report.
Pascal Koenig, founder and managing partner at Smartwatch Group, says Samsung, instead of Apple, is the strongest competitor of Swiss watchmakers.
Milton Pedraza, CEO of Luxury Institute, says the Apple Watch hasn't done much to upset the luxury watch industry.
Asian tourist spending is growing by double-digits in Europe, which is making European outlet malls attractive, explains Andrew Rich, Director at TH Real Estate, the fourth largest real estate fund manager globally.
For the first quarter, Blue Nile's business in Greater China grew 50 percent year-on-year, says Jon Sainsbury, president of International at the online diamond jeweler.
Investors dumped shares of Prada on Monday following an ugly earnings report, which prompted brokerages to slice their price target for the stock.
As if the luxury goods industry was not already fragile, the chairman of Richemont, warned of the damage it faces from growing wealth inequality. The Financial Times reports.
A Yves Saint Laurent ad has been banned by the U.K's advertising watchdog, which ruled that the model used appeared “unhealthily underweight.”
May 27- Michael Kors Holdings Ltd reported its slowest quarterly revenue growth since it went public in December 2011 as demand for its handbags and accessories weakened in North America. Michael Kors' revenue rose 17.8 percent in the fourth quarter, slowing sharply from the growth of 29.9-74.4 percent it posted for the past 13 quarters. Michael Kors has been...
MUMBAI, May 24- Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in India's Maharashtra state, to hold his daughter's wedding in May. Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. "Jewelry demand could drop by 30 percent in the second half due to fewer weddings,"...