NEW YORK— Shares of Michael Kors Holdings skidded to a three-year low Monday as analysts forecast a difficult first quarter and fiscal year for the maker of handbags, clothing and accessories. Michael Kors Holdings Ltd. stock fell $3.28, or 7.8 percent, to $38.71 as the broader markets declined. The company said fewer customers visited its stores in its fiscal...» Read More
A look at whether the retail sizzle will soon fizzle, with Marshal Cohen, The NPD Group chief industry analyst, who says consumers are spending on themselves more this year due to pent up demand and the wait for discounts.
As retailers race to earlier and earlier opening times, kicking off Black Friday on Thanksgiving Day, one California shopping mall is taking a more laid-back approach.
Rarity, complexity and condition make all the difference when looking for a luxury watch. But while there are major gains to be made, it takes a good eye to know the difference between a clever investment, and a waste of time.
Global brands must localize . No longer does simply transporting what worked in the Western world to markets like China work.
Wealthy Americans may appear to the masses as a unified group, but there is divergence in the attitudes of the rich toward holiday spending this year – which means that the key to how the holiday season unfolds may rest in the hands of the wealthiest.
One way to ride the surge in China’s wealth is to invest in stocks of luxury brands, say analysts. Here are some of their top picks.
Asia’s image-conscious rich are spending big money on adding frills to their million-dollar yachts.
Too many people are beginning to own a Louis Vuitton in China. which is eroding the luxury brand's exclusivity.
Jim Cramer’s researcher, Nicole Urken, discusses how the ebullience at the NYC marathon this past weekend stands in contrast to the eurozone mood and is an analogy of the divergence in market conditions.
For those who want to spare no expense, there are plenty of fashionable items that are on trend. Click for some luxurious gift ideas.
The market for luxury goods has come back with a bang in the past couple of years, despite volatility elsewhere in the market.
At a time when consumers are supposed to be tightening their belts, why has the luxury sector remained so resilient? CNBC explores this question in a debate with the CEOs of Rolls-Royce, Burberry, De Beers and Quintessentially.
Living it up in Switzerland has become even more pricey, a new report shows, despite falls in prices for imported goods such as cigars and champagne which have become more affordable thanks to the rise in the Swiss franc.
Le Bernardin was just voted New York City's most popular restaurant and received the coveted three Michelin Stars. Eric Ripert, Le Bernardin chef & co-owner, discusses the business and what's behind its rising popularity.
Instant shopping site Moda Operandi offers consumers the chance to preorder next season’s clothes days or even hours after they’ve appeared on runways. That’s long before the spring and summer looks that debuted over the past eight days of Mercedes-Benz Fashion Week in New York hit the stores. That is, if some of the more fantastic or theatrical pieces even make it there at all.
Who are some of the celebrities who have spent $1 million or more on decadent extravagances? Click to find out!
Youth is no longer driving fashion, and younger lines are wisely "aging," said fashion trend forecaster David Wolfe. And this is having an effect on the clothes designers are creating.
Lower Manhattan was nearly destroyed in the 9/11 attacks, but 10 years later, with the help of major investment, it has seen a dramatic recovery.
Diamonds have emerged as a haven investment alongside favorites gold and the Swiss franc, with surging demand from Asian buyers driving prices of the precious stones. The FT reports.
$1 million isn’t what it used to be, in part because a lot of people don’t know how far it can go, and the amount of time and effort that it would take to spend it.