Sue Simpson, managing director of heritage brand Lock & Co. Hatters, talks about achieving business resilience through economic downturns.
LONDON, Aug 9- European shares steadied in early trading on Tuesday, with gains in companies such as Altice and financials offset by weaker commodities-related stocks that tracked prices of crude oil and industrial metals lower. Shares in Altice surged more than 10 percent after the company said second-quarter core operating profit grew 2.7 percent, beating...
Kate Spade reported a lower-than-expected profit as it offered more discounts and a strong dollar discouraged tourists from shopping at its stores.
Steve Madden reported second-quarter earnings that were in line with expectation, while revenue came in lighter than expected.
LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group.
SW Retail Advisors president, Stacey Widlitz reacts to Burberry’s latest earnings, while commenting on what she expects from the upcoming chief executive, Marco Gobbetti.
Michelle McGrade, chief investment officer at TD Direct Investing, looks at the change of leadership at U.K. brand, Burberry, adding that she’s quite bullish on the luxury sector.
Following the news that Celine's boss will replace Christopher Bailey as Burberry's CEO next year; Andrew Sheets, chief cross-asset strategist at Morgan Stanley, talks about the state of the luxury sector.
Experts say oftentimes, more women than men in the political world are heavily judged on their wardrobe.
June 1- Michael Kors Holdings Ltd will cut back on selling its handbags and accessories to retailers, mainly in North America, as it looks to protect its' luxury brand' identity in a highly promotional retail environment. "We believe that the North America retail environment remains highly promotional, which is impacting the long-term brand equity of Michael...
An unidentified buyer purchased the bag made of Himalayan Nile crocodile skin with 18-karat gold hardware at a Christie's auction in Hong Kong.
May 26- For Alan Feid, a 28- year-old looking to buy an engagement ring for his fiancée, the rings he found in the diamond district in Manhattan were just as good as the ones he saw at Tiffany& Co's flagship store on Fifth Avenue. "At the end of the day, I don't think there's much of a difference when it comes to the style or the quality," said Feid, a resident of Jersey City, New...
May 25- Tiffany& Co reported its steepest drop in quarterly sales since the peak of the global financial crisis, as a strong dollar discouraged tourists from buying its high-end jewelry and eroded revenue from markets outside the United States. In the Americas region, Tiffany's sales at stores open more than a year plunged 10 percent in the first quarter.
May 25- Tiffany& Co reported its steepest sales drop in six quarters, missing analysts' estimates, as a strong dollar discouraged tourists from buying its high-end jewelry and ate into revenue from markets outside the United States. Shares of the company, whose "Blue Book" collection was flaunted by actress Cate Blanchett on the Oscar red carpet this year, fell 4.5...
May 25- Tiffany& Co's quarterly sales fell 7.4 percent, the sixth straight quarter of decline, as a strong dollar discouraged tourists from buying its high-end jewelry and ate into revenue from markets outside the United States. Tiffany's net income fell to $87.5 million, or 69 cents per share, in the quarter ended April 30 from $104.9 million, or 81 cents per share, a...
MOSCOW, May 24- Bulgari, the flagship jewelry brand of luxury group LVMH, plans to open up to four more stores in Russia over the next ten years, betting on the long-term prospects of its luxury market. "Perhaps 10 years down the road we will have five-six boutiques in Russia: three Moscow four, perhaps; one in St Petersburg; and one or two in two other cities," he said at the...
"FMHR" traders and brothers Jon and Pete Najarian give the bullish and bearish cases on Tiffany & Co.
Marjorie Yang and Dee Poon agree on most things at the Esquel Group, including - importantly - the best way to button a shirt.
Jharonne Martis, director of consumer research at Thomson Reuters, says while Burberry is popular among Chinese consumers, its merchandise is not as resilient as other luxury makers in the market.
Looking at Burberry’s latest earnings, Michelle McGrade, chief investment officer at TD Direct Investing, says the designer has to find a way to maintain being the “brand that everyone wants to buy.”