Coach, which has been trying to regain its cachet in the luxury handbag market, reported its first growth in quarterly profit in three years. » Read More
Maria Hatzistefanis, president and founder at The Rodial Group, says selling exports would be a key challenge if the U.K. left the European Union.
Maria Hatzistefanis, president and founder at The Rodial Group, discusses how celebrity endorsements help sales of skincare and make-up products.
Nordstrom looks to be more nimble at a time where shoppers are shifting their spending more online.
LONDON, April 15- Bulgari, the flagship jewelry brand of luxury industry leader LVMH, sees growth picking up in the second half of the year after sales suffered following the attacks in Paris in November. "If we keep that traction through the summer, the second half could indeed be much stronger in terms of growth rate," Chief Executive Jean-Christophe Babin told...
This "vivid pink" diamond has the highest possible grading from the Gemological Institute of America. How much do you think it will sell for?
Citigroup added Kate Spade to its focus list, and raised their price target on the stock. Kate McShane, Citi analyst, provides insight to the call.
While Jim Lebenthal of Lebenthal Asset Management believes in the bull case for Tiffany, the FMHR traders are not too sure. Stephanie Link, TIAA Equities, thinks there is "not enough visibility" on Tiffany in the next two quarters.
From China woes to a shift in consumer tastes; the raft of headwinds weighing on luxury means the sector may be forced to embrace a new normal.
Luca Solca, head of luxury goods at Exane BNP Paribas, says the luxury sector has to adjust its cost profile as it faces a new normal in global markets.
A rare pear-shaped, vivid pink diamond will go up for auction in Geneva next month.
The new lingerie trend appealing to younger women could help boost apparel sales.
L Brands plans to restructure its lingerie brand into three units.
Singapore-based Reebonz is betting on luxury consumption picking up despite chilly economic conditions that has personal luxury growth slow down.
MUMBAI, March 19- Indian jewelers called off a 19- day strike late on Saturday after government assured they will not be "harassed" by the excise department in collecting a new tax, the head of a trade body told Reuters. From tomorrow jewelers will open shops, "said Mohit Kamboj, president of India Bullion and Jewellers Association. Successive governments have...
March 18- Upscale jeweler Tiffany& Co reported a better-than-expected profit for the holiday quarter as it raised prices and benefited from lower prices of diamonds, gold and silver. Weakness in the global economy and a strong dollar have hurt Tiffany and other luxury retailers such as Nordstrom Inc, Neiman Marcus Group and Macy's Inc-owned Bloomingdale's as...
Discussing luxury jeweler Tiffany's earnings release with Ike Boruchow, senior research analyst at Wells Fargo Securities, and Brian Tunick, managing director at RBC Capital Markets.
March 18- Upscale jeweler Tiffany& Co said it expected profit to fall in the first half of this fiscal year as a strong dollar hurts tourist spending at its stores in the United States and erodes revenue from other markets. Weakness in the global economy and a strong dollar have discouraged tourists from buying luxury items, hurting companies including Tiffany,...
I think to be fair, the numbers are not great, says Brian Nagel, Oppenheimer & Co., breaking down's Tiffany's quarterly results and weighing in on the state of the luxury retailer. The strength of the U.S. dollar has been a big headwind for Tiffany, says Nagel.
March 18- Upscale jeweler Tiffany& Co said it expected profit to fall in the first half of 2016 as a strong dollar hurts tourist spending at its stores in the United States and erodes revenue from other markets. Weakness in the global economy and a strong dollar have reduced tourist spending on luxury items in the United States. The company's net income declined...
March 18- Tiffany& Co's sales fell 5.6 percent in the holiday quarter as a strong dollar hurt tourist spending at its stores in the United States and ate into revenue from other markets. Its net income fell to $163.2 million, or $1.28 per share, in the quarter ended Jan. 31 from $196.2 million, or $1.51 per share, a year earlier. Revenue fell to $1.21 billion from $1.29...