Nike, the world's largest sports shoe company, said Chairman and co-founder Phil Knight would step down next year.» Read More
Few companies were clobbered harder than Starbucks in the recession. The coffee chain with outposts on every corner came to represent all that was wrong with American businesses and shoppers: unchecked expansion, self-indulgence and mindless credit-card swiping.
NYU's Stern School of Business Dean Peter Henry believes the recovery will be slower in the US and other advanced economies, where discretionary spending has cooled, while emerging markets—and their newly discovered taste for fine goods—will bounce back more quickly.
Luxury consumers are more willing to indulge this holiday season, but they are doing so with value in mind, according to Ronald Boire, president and CEO of retailer Brookstone.
Forget entertaining clients in karaoke bars. These days, Chinese businessmen are more likely to be talking deals on luxury boats.
When buying a boat, there is but one fundamental principle to follow, according to those who already have some cash moored somewhere nice: enjoy it.
The well-made Italian suit found its way on the backs of more and more affluent Chinese men this year, as China topped the US in sales from luxury suit maker Ermenegildo Zegna Group.
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.