Allen Questrom, former JC Penney chairman and CEO, expects a good retail holiday season.» Read More
Just in time for the holidays, it looks like the luxury consumer is back. “We’ve been hearing that luxury goods sales globally, have been accelerating, and it’s in all categories, whether it is watches and jewelry or whether it is fashion and leather goods," said Dana Telsey, chief information officer at Telsey Advisory Group, in an interview on CNBC. "The demand is there.”
Coach shares reached its highest since 2007 on Tuesday after the luxury retailers trumped analyst expectations, posting a 34 percent growth in quarterly earnings. The brand's Chief Executive Lew Frankfort tells CNBC how they did it and what's in store for the future.
Coach has confirmed that global luxury brands are in good shape. Coach reported astonishing numbers, well above expectations (gross margins of 74.2%!) with strength not just in Asia but also in the U.S.
The currency wars that are dominating the attention of the world’s central bankers are also playing out in the niche world of luxury goods.
Vintage or antique timepieces can fetch extraordinary prices, but they better possess unique and still functional features, be in scarce supply, carry a distinguished brand name and be in near-mint condition.
Art Deco is a style of fine jewelry whose worth remains solid whether or not the economy is dipping or climbing. Naturally, its prices rise when times are flush.
The luxury sector is rebounding better-than-expected this year thanks in large part to wealthy Americans replenishing their wardrobes after a year of self-denial and nouveau riche Chinese indulging in a worldwide spending spree, according to a new study released Monday.
Sales growth has accelerated over the past three quarters at Italian fashion brand Salvatore Ferragamo, signalling an improvement in the crisis-hit luxury goods market, but currency movements and a shaky economy pose a major concern for 2011, the group’s CEO told CNBC on Thursday.
As the worst of the economic crisis appears to be over, and confidence is returning, consumer traffic is up in the alcohol business.
When it comes to visibility and influence, Goldman Sachs is as noticeable on Pennsylvania Avenue as it is on Wall Street. But that may be changing, as a result of the firm's recent legal and public relations problems.
It's that time across the globe where all the fashionistas flock to see beautiful clothes modeled on even more beautiful girls.
What if Sitka, Alaska, could sell its water to those people or entites in the arid parts of the world? That would give the town a healthy revenue and put water where it's desperately needed. That’s
Want to roll like a player but don't have the wallet of a high-roller? Don't sweat it. Here are 10 items to upgrade your lifestyle — for less.
The latest garbage gauge is pointing to a slow but steady recovery that should see trash volumes turn positive this quarter or next for the first time since 2008. That should propel profits of trash haulers who’ve been able to maintain pricing power through the recession thanks to long-term, customer-specific contracts.
Americans spend about $11 billion dollars a year on bottled water. But after the water is gone, only a small percentage of these 51 billion empty bottles make their way to a new life. The rest end up in landfills, or worse.
Talk about bucking the trends! Williams-Sonoma's profit blows past estimates, proving two things: Affluent consumers have money if they want to spend it, and retailers can coax them to spend if they have the right merchandise and the right message.
How bad is the economy? Even counterfeiters are shifting down to more ordinary goods. The NYT explains.
The trend of counterfeiting goes far beyond fake purses and watches and includes consumer products like baby formula and prescription medicine and industrial products like military components.
The notion that it is a victimless crime is patently false. Counterfeit products victimize almost everyone they encounter, from the assembly line to the cash register.
Counterfeiting is a multi-billion dollar business infiltrating the United States borders at an alarming rate. Watches, handbags, footwear and even medicines are among the top products making up more than $261 million worth of counterfeit products seized at US ports in 2009. And it's a growing problem.