LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group. » Read More
Billionaires can buy every toy that catches their fancy, including antique cars, jumbo jets, and spaceships. What are some of the toys the world’s billionaires have bought?
JPMorgan is reducing J.C. Penney's F12 same-store sales estimates since sales trends appear softer than anticipated, with the Fast Money traders.
Luxury retailer Neiman Marcus announced plans to launch an ecommerce website in China by year-end to cash in on the country’s strong interest in high-end brands and growing spending power.
The European Union’s Emissions Trading Scheme (ETS) will not have a significant impact on Garuda’s bottom line this year, according to the company’s president and CEO Emirsyah Satar, as the airline currently flies to just one European destination – Amsterdam.
Jiang Qiong’er, Shang Xia’s founder, is determined to help China cast off the inferiority complex that comes of decades of producing cheap trinkets. If succesful, it could herald the emergence of China as a power to reckon with in the global luxury business and provide a blueprint for other local brands to become globally competitive, the FT reports.
Childrenswear is attracting the eye of fashion designers as they launch lines to cater to consumers who want to deck their children out in the latest trends — even if it means paying premium prices.
Outside its scripted meetings, China’s annual parliament gives rise to two activities that expose opposite ends of the country’s growth story: a boom in luxury shopping matched only by a surge in public complaints about corruption, the FT reports.
As the world’s biggest watch a jewelry fair opens its doors to 100,000 visitors in the Swiss town of Basel on Thursday, chiefs from some of the most exclusive luxury brands told CNBC they were optimistic about 2012.
Consumers are in the driver’s seat as retailers move away from wardrobe staples and shift to fashion-forward pieces while planning their upcoming fall inventories, industry analysts said.
Many retailers rung up strong sales during the holiday season, putting them in a position to leverage this success in an initial public offering, said Ted Vaughan, a partner in the retail and consumer products practice of BDO USA.
Americans spent more than $200 billion online last year and are expected to shell out $327 billion on Internet stores by 2016. Susan Lyne, Gilt Groupe chairman, weighs in.
Gender roles are no longer trendy when it comes to luxury shopping.
Indonesia will become the largest luxury market in southeast asia over the next few years, Ravi Thakran, LVMH’s head for South Asia, South East Asia & Middle East told CNBC.
High-end department store Nordstrom is funneling its returned and worn shoes to its Nordstrom Rack outlet stores. A look at what this practice means for the Nordstrom brand. Is there a fine line between being an outlet store and a thrift store?
As hoteliers focus on wooing the high-spending Chinese tourists, they risk losing their core Western guests.
Chinese shoppers have become a fixture of the luxury retail scene in the US and Europe, drawn by much cheaper prices than at home. But many upscale brands have yet to bond with China’s million millionaires. The Financial Times reports.
If people buy what designers are selling them, times are good.
If hemlines are reliable predictors of economic or market trends, we may be headed for a slower economy and falling market.
Just as blogging platforms and social media gave voice to new tastemakers and opened a door for bloggers participate in collaborations with fashion designers and to sit in the coveted front row at fashion shows, Polyvore is exerting its own force on the industry, and evidence of this was very clear at this week's New York Fashion Week.
These mistakes could have been avoided if short-sellers followed Cramer’s advice.