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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.”
After several years of belt-tightening, it may be time to lavish those you love with something more extravagant this holiday season. Click for gift suggestions to splurge on for the person who has almost everything.
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.
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.
Fast trader and retail queen Patty Edwards thinks this holiday may be better than the Street thinks. Get her latest retail trades in this web exclusive post!
I know. It’s insensitive. But it’s the reality. Because there are more people now who can’t afford tickets to a game—or at least say that tickets would make up to too large of a percentage of their total income—teams have had to cater to the people who are raking in money during these hard times.
As the worst of the economic crisis appears to be over, and confidence is returning, consumer traffic is up in the alcohol business.
Stocks sank in the last half hour of trading Thursday top close near the sesssion's lows amid light volume after a batch of economic reports failed to provide traders with enough optimism to continue a September rally. Walt Disney and GE fell, while Hewlett-Packard rose.
Stocks sank in the last half hour of trading Thursday after a batch of economic reports failed to provide traders with enough optimism to continue a September rally. Walt Disney and GE fell, while Hewlett-Packard rose.
Stocks turned positive Thursday as technology and consumer stocks gained, and banks fell, and investors absorbed another batch of mixed economic data. Alcoa and Hewlett-Packard rose, while Walt Disney fell.
Here's why you should keep a close eye on these six stocks.
If these companies react well to what the president says during his CNBC town hall appearance on Monday, then it could be clear skies ahead. If not…
Things are getting better, Cramer said Thursday.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
Vanity’s a real moneymaker. And that’s why these two high-end retail plays work.
Can a cautious consumer can be a jeweler's best friend? The luxury jewelry business in the U.S. has undergone a dramatic change due to a significant shift in the way consumers now view diamonds and other precious stones.
Stocks capped a rocky week with a rally Friday as investors breathed a collective sigh of relief after Fed Chairman Bernanke said the Fed was willing to do what it takes to stabilize the recovery.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Stocks continued to rally in volatile trading Friday as investors breathed a collective sigh of relief after Fed Chairman Bernanke said the Fed was willing to do what it takes to stabilize the recovery.