Nike, the world's largest sports shoe company, said Chairman and co-founder Phil Knight would step down next year.» Read More
Asian tourist spending is growing by double-digits in Europe, which is making European outlet malls attractive, explains Andrew Rich, Director at TH Real Estate, the fourth largest real estate fund manager globally.
For the first quarter, Blue Nile's business in Greater China grew 50 percent year-on-year, says Jon Sainsbury, president of International at the online diamond jeweler.
Investors dumped shares of Prada on Monday following an ugly earnings report, which prompted brokerages to slice their price target for the stock.
As if the luxury goods industry was not already fragile, the chairman of Richemont, warned of the damage it faces from growing wealth inequality. The Financial Times reports.
A Yves Saint Laurent ad has been banned by the U.K's advertising watchdog, which ruled that the model used appeared “unhealthily underweight.”
May 27- Michael Kors Holdings Ltd reported its slowest quarterly revenue growth since it went public in December 2011 as demand for its handbags and accessories weakened in North America. Michael Kors' revenue rose 17.8 percent in the fourth quarter, slowing sharply from the growth of 29.9-74.4 percent it posted for the past 13 quarters. Michael Kors has been...
MUMBAI, May 24- Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in India's Maharashtra state, to hold his daughter's wedding in May. Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. "Jewelry demand could drop by 30 percent in the second half due to fewer weddings,"...
Fashion designer Diane von Furstenberg outlines the concept of her Fall 2015 collection and describes her experience at the Singapore Fashion Week.
*Q3 North America sales down 24 pct at $493 mln. April 28- Coach Inc reported its worst decline in sales in seven quarters in North America, raising concerns that the handbag and accessories maker's turnaround efforts were failing to gain traction in a highly competitive market. The maker of Poppy handbags has been losing out to newer entrants such as Michael Kors...
Apple rose 1.7 percent to $134.87 in premarket trading after beating Wall Street's revenue and profit forecasts as it sold more iPhones in China. Coach shares slumped 5.2 percent to $40.15 after the handbag and accessories maker's quarterly sales fell short of estimates, while Ford Motor fell 1 percent to $15.88 after reporting a profit that was less than...
April 28- Handbag and accessories maker Coach Inc's quarterly sales fell short of estimates due to continued weak demand for its products in North America, its biggest market. Sales in North America fell 24 percent to $493 million in the third quarter ended March 28, marking the seventh straight quarter of decline. Coach, which was founded in a Manhattan loft in...
California's cotton crop is hurting, and that could become a problem for an industry the state dominates: high-end apparel manufacturing.
Hey you fancy people who love shiny expensive watches - listen up! There is a new player in the market.
Today, Apple Inc is launching its Apple Watch pre-ordering event at Selfridges, in London. CNBC's Seema Mody talks to a customer as to why he just pre-ordered his very own.
Discussing wearables in the workspace, Anthony Bruce, workforce analytics leader at PwC, talks about the findings that show 41 percent of workers believe their employer would use the data against them.
Angelo Zino, senior industry analyst of equity research at S&P Capital IQ, discusses why he thinks the consensus view on Apple Watch sales is too aggressive.
Would you wear a wearable at work if your boss asked you to? CNBC's Seema Mody explores the wearable trend in the working sector.
Apple and Samsung go head to head today, as Apple launches its luxury watch and Samsung unleashes its latest smartphone. Neil Mawston, executive director at Strategy Analytics, talks about these product launches and the strategies behind them.
After being made redundant at 24, Michelle Mone, founder of Ultimo, talks about the underwear business, her new book and her tips on launching a business.
Luxury goods firms have been hesitant to embrace new digital trends, but as the industry faces a slowdown companies must evolve, analysts say.