Italy's Luxottica overhauled its top management structure on Monday after Chief Executive Andrea Guerra left due to rifts with Chairman Leonardo Del Vecchio.» Read More
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.
With women growing tired of their over-worn wardrobes and the economy slowly ticking higher, sales of fashion accessories rose 17 percent in the first quarter, after ending the year 10 percent lower in 2009, according to an industry study.
The luxury Four Seasons Hotel on Tuesday debuted plans to expand its presence in Asia, where it will open 11 new hotels and resorts, President and COO Kathleen Taylor told CNBC.
In the latest push to expand its product line to a wider demographic, luxury goods maker Coach will debut its first-ever standalone men's store on Friday, to determine whether an expansion on the category—or a slew of men's-specific locations—could be a profitable investment.
Just in case you were starting to feel a bit better about the economy, along comes a new study by the National Foundation for Credit Counseling, which found that the consumer recovery isn't as far along as some think.
As luxury retailers adjust to shoppers' desire for lower opening price points, one upscale department store's outlet strategy runs the risk of hurting its brand equity.
News of a very strong start to the year for French luxury goods giant LVMH has raised hopes that the world's super rich remain immune to economic downturn.
German luxury company MCM says it will market “comfortable luxury” and emphasize “heritage” to young professional women in its strategy for global expansion.
Menswear had a casual presence on the runway at New York Fashion Week in Fall 2010, as plaids, the incorporation of colors other than grays and blacks, and wide striping gave the tailored clothing category a more wearable feel.
Designers have shown more innovation at New York Fashion Week this season, and some experts think it will be enough to get weary consumers spending on the latest looks.
Though boats are more affordable than ever at the show there are still plenty of luxury boats up for grabs.
It's time for retailers to wake up. Fashion shoppers are abandoning basics and looking for unique, stylish items, and stores that break the recessionary trend of playing it safe will reap the rewards, analysts said.
Luxury retailers are showing signs of life after being bludgeoned by The Great Recession, with companies from Saks Fifth Avenue and Nordstrom to Tiffany, churning out respectable sales increases during the holiday season.
The stock market rally may help high-end jeweler Tiffany post its first quarter of positive same-store sales comparisons since the first quarter of 2008, Citigroup analyst Kimberly Greenberger said.
The recovery won't be bolstered by the consumer, like in previous recessions. Instead demand will come from a build-up of low inventories and large companies' exposure to emerging market growth, Edith Thouin, vice president of ABN Amro Private Banking said Monday.
Carnival is cruising into its earnings release Friday morning, and the bulls are getting on board.