*Says suffers from slower demand in North America, Russia. PARIS, April 14- L'Oreal posted a 2.2 percent drop in first-quarter sales on Monday, held back by slowing demand for mass market products including Garnier shampoo and Maybelline make-up, particularly in North America.» Read More
America is seeing another British invasion – and a Japanese and Brazilian juggernaut – in its retail stores. CNBC’s Margaret Brennan told “Morning Call” that international travelers are swarming over the U.S. this holiday season. As the Yankee greenback drops versus the euro, the yen and the British pound, America is becoming the destination of choice – for luxury shoppers.
Kim Jong-il has been a very naughty dictator. So Uncle Sam is making sure the North Korean leader will get little but coal in his Christmas stocking. William Reinsch, president of the National Foreign Trade Council, told Carl Quintanilla on “Squawk Box” that the U.S. is taking a novel approach to fighting a totalitarian menace: by cutting off his pipeline of luxury imports.
Tiffany says early holiday sales were better than expected but Goldman Sachs' retail analyst is taking a cautious view. "We do expect continued pressures on production costs,” Adrianne Shapira told CNBC’s Power Lunch, Shapira was picking up on the jeweler's statement that higher materials costs had taken a bite out of otherwise strong third-quarter earnings
From cars to furnishings to fragrences, you'll find what's on the lists of luxury shoppers., according to the latest survey of the Luxury Institute.
From diamond-encrusted world phones to luxury vacations, the high-end shopper is expected to keep upscale merchants happy this holiday season. With aggressive markdowns at better retailers such as Saks, coupled with a greater selection of unique and one-of-a-kind merchandise from luxury designers and boutiques, high-net worth individuals are expected to spend -- and spend more this season.
Toys have been traditional favorites during the holiday season. Toy makers and retailers live for this time of year.