Allen Questrom, former JC Penney chairman and CEO, expects a good retail holiday season.» Read More
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.
Although the highly discretionary jewelry sector was one of the hardest hit retail markets last holiday, jewelry stores have an edge over traditional retailers this year, as stores look to improve their margins by lessening price cuts and offering more items at consumer-friendly prices.
Retailers are offering more gimmicks than ever this holiday, as they try to coax shoppers into buying that little extra something that wasn't on their list.
The private-sale sites — a misnomer because most of these so-called exclusive sites are open to anyone who signs up — have become a thriving corner of online commerce., says the New York Times.
The alligator skin business has soured as of late. Last year Louisiana farmers, who produce most of the world’s alligator skins, collected over 500,000 eggs from the wild. This year, for the first time, most farmers did not pick up any. The New York Times reports.
Stocks posted modest gains Wednesday, but it was enough to propel the Dow and S&P to new 13-month closing highs, as economic data buoyed recovery hopes.