As China’s economy slows, shoppers are slowly overcoming the stigma of wearing“pre-owned” luxury goods.
Unlike for many European luxury brands, China remains a strong market for Coach, Lew Frankfort, CEO of the high-end leather goods company, said Tuesday.
Call it two-for-two. For the second time in as many months, a London-listed luxury company has warned on its profits, sending a shock wave through the luxury goods sector.
As Asia Slows, Luxury Watchmakers Count on Elite Buyers
A new study says there are 2,725 women in China worth $30 million or more. They are a huge market for luxury marketers — provided the luxury companies predict their desires accurately.
CNBC's Courtney Reagan takes a look at a recent report that shows consumers are still shelling out money for luxury products, despite growing economic concerns among some businesses.
Beat Wittmann, CEO & partner at Dynapartners, tells CNBC the characteristic of the last few years is that the mass market retailers like H&M and Zara will continue to do very well, as well as very high end luxury retail.
Big fashion brands are fretting over whether to offer their wares on Amazon as its move into clothing forces them to decide if the website is a lucrative new sales channel or a threat to their prestige
Many multinational companies simply create a new product or two specifically for the Chinese market. But the Estée Lauder Companies, which already sells 12 of its 28 cosmetics brands in China, is taking that concept further: adding an entirely new brand. The NYT reports.
"In a normal year before 2008 you’d find 20 percent of the £2 million-plus market was ‘City money’," says a London real-estate agent.
Adidas is hoping to inspire consumers with basketball star Derrick Rose's tale of recovery from an ACL injury with a campaign that gives consumers a peek behind the scenes. They also are not waiting for Rose's return to launch a new line of shoes and apparel under the D Rose logo.
Michael Kors, Michael Kors honorary chairman & principal designer, discusses his newest collection, emphasizing "color" and accessories.
Burberry's profit warning signals a broader problem for the luxury market: China's slowdown.
It's not the fact that Burberry are falling around 18 percent on a profit warning today, it is the fact that it was a profit warning at all. Steve Sedgwick analyses the group's long running decline in sales.
Prices for luxury goods in China have slowed to their lowest rate since the depths of the financial crisis in 2009.
On August 21, a Chinese fisherman caught a rare fish worth over $475,000. As impressive a haul as that is, it didn’t represent the highest known payday for something caught from the sea.
Increasingly frequent auctions for high-end handbags have begun to set records. A Hermes Birkin sold last year for $203,150; blue crocodile version at the same auction sold for $113,525.
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TrueCar.com, an automotive information website, conducted a study of the most popular vehicles in the most affluent zip codes. Check out what they found.
The economic slowdown in China and the European debt crisis haven’t dented premium luggage and briefcase maker Tumi’s growth, CEO Jerome Griffith told CNBC’s “Squawk on the Street” after its better-than-expected second-quarter earnings announcement on Tuesday.