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Textiles Apparel and Luxury Goods

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  • Luxury Gifts for the Holidays 2011 Friday, 4 Nov 2011 | 11:59 AM ET
    'Tis the time for giving. This holiday season, affluent consumers are becoming more comfortable with their spending. On average, affluent households spend more than four times the average family on holiday gifts, according to the National Retail Federation industry trade group. “After four plus years of reprioritizing and realigning their spending to match their values, affluent consumers are feeling quite good about themselves and their ability to maintain — and even increase — their family’s h

    For those who want to spare no expense, there are plenty of fashionable items that are on trend. Click for some luxurious gift ideas.

  • Luxury Back in Fashion Despite Downturn Monday, 24 Oct 2011 | 9:48 AM ET
    Aligator Purse

    The market for luxury goods has come back with a bang in the past couple of years, despite volatility elsewhere in the market.

  • Why Is Luxury So Resilient?     Saturday, 15 Oct 2011 | 7:00 AM ET

    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.

  • Investment Theory Often 'Plain Wrong': Hermes CIO Wednesday, 12 Oct 2011 | 6:48 AM ET

    Investment theory is over complicated and often wrong, escalating financial crises like the one in 2008 and currently within the euro zone, Saker Nusseibeh, CIO at Hermes and Chairman of The 300 Club told CNBC.

  • Price of Lake Boats Up, Cigars Down for Rich Swiss Tuesday, 11 Oct 2011 | 9:45 AM ET
    Switzerland

    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.

  • Big Tiffany Shareholder Sells A Bit Thursday, 29 Sep 2011 | 11:12 AM ET
    Tiffany Gift Box

    As regular readers know, we follow shares of Tiffany & Co very closely—perhaps obsessively—at NetNet.

  • Proenza Schouler Runway Spring 2012

    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.

  • What Happens When Youth No Longer Drives Fashion Thursday, 8 Sep 2011 | 12:58 PM ET
    A model walks the runway at the Rachel Comey Spring 2012 fashion show during Mercedes-Benz Fashion Week at Pier 59 Studios on September 7, 2011 in New York City.

    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.

  • Diamond Prices Soar on Asian Demand Friday, 26 Aug 2011 | 11:53 PM ET
    Tiffany Diamond Rings

    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.

  • What $1 Million Buys You Tuesday, 23 Aug 2011 | 6:30 PM ET
    Who hasn’t spent at least a few daydreaming moments fantasizing about spending money? Not just a few hundred bucks either, but huge, irresponsible sums of money, all on completely unnecessary luxury items? Most of us probably have, but sadly, reality tends to intervene. Just as we’re settling into a meditation about a chartered plane jetting us off to Aruba, the memory of that unpaid and overdue $250 phone bill intrudes and throws cold water on the fantasy.If one were to make a completely uneduc

    $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.

  • Million-Dollar Cars Wednesday, 17 Aug 2011 | 3:37 PM ET
    When vintage car collectors go to auctions, they’re used to seeing price tags exceeding $1 million. They may not necessarily buy any of the immaculately preserved specimens on display, but they’re happy to have to opportunity to note the technical specifications and observe the details that make each car a piece of living history.Then there are cars with million dollar price tags, where that number represents what you have to pay just to drive them off the lot. These are the luxury cars at the h

    So what are some of the cars with prices exceeding $1 million? Click to find out.

  • Tiffany Gets Whacked Wednesday, 3 Aug 2011 | 4:09 PM ET
    Tiffany Gift Box

    Shares of Tiffany & Co. have been clobbered this week. As of this morning, they’re off by more than 9 percent over the past 5 days on considerable volume.

  • British luxury carmaker Rolls-Royce Motor Cars expects sales from Asia to account for 40% of its total by year-end. In an interview at his headquarters in Goodwood, England, CEO Torsten Müller-Ötvös discusses his roadmap for the Asian region with Managing Asia.

  • Prada Shares Attractive Despite Post-IPO Rally: Pros Monday, 18 Jul 2011 | 7:54 PM ET
    The Prada store in Milan, Italy.

    Luxury retailer Prada’s shares have rallied 17 percent since the company’s initial public offering (IPO) in Hong Kong just over a month ago, outperforming the Hang Seng Index. The stock now trades at a valuation of about 26.5 times current earnings, a significant premium over the industry average of 20 times earnings.

  • Bling Bling, Baby Tuesday, 12 Jul 2011 | 10:58 AM ET

    Andrew Block, COO of renowned Jacob & Co. Jewelers, brought it for me. Notice that I say “brought” it, not bought it. I wish I could say it was a gift (perhaps for Bastille Day? or a Happy Monday?) but, alas, it seems diamonds are not this girl’s best friend.

  • Gap Needs an Image Makeover in China Monday, 4 Jul 2011 | 7:33 PM ET
    Gap jeans

    Attempting to offset dwindling growth in America, Gap executed a grand opening in China last year. However, a year on it has failed to grab much of the 16 percent retail sales growth in the country.

  • Prada Lacks Strong Brand Loyalty in China: Analyst Thursday, 23 Jun 2011 | 11:38 PM ET

    Italian fashion house Prada posted small gains on its trading debut in Hong Kong on Friday, and one analyst says he wouldn’t buy its shares right now because the retailer simply doesn’t have the same level of recognition in China as other luxury brands. 

  • As China’s Workers Get a Raise, Companies Fret Tuesday, 31 May 2011 | 11:52 PM ET

    The rising labor costs for companies that supply Chinese goods to the West may result in higher consumer prices. The NYT reports.

  • Burberry Embarks on Expansion Drive Thursday, 26 May 2011 | 6:17 AM ET

    Burberry is embarking on an aggressive store expansion plan after announcing pre-tax profit rose almost 40 percent to 296 million pounds ($482 million) in the year to April.

  • Eco-Tourism: No Longer Just The Rich & Fashionable Tuesday, 17 May 2011 | 9:51 AM ET
    Cuzco, Peru

    Like other parts of the travel industry, eco-tourism was hammered by the global recession but is on the comeback trail, as operators expand beyond its traditional high-end core.