Luxury goods firms have been hesitant to embrace new digital trends, but as the industry faces a slowdown companies must evolve, analysts say.» Read More
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.
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.