High-end retailers need to pump the brakes on their expansion plans.
The market liked that the Prada management's guidance showed improvements ahead, says GEO Securities' Francis Lun.
Andrew Leung, chairman of Andrew Leung International Consultants, talks about how Prada is performing and shares his overview of the luxury sector.
The $4.1 billion Wynn Palace megaresort in Macau threw open its doors Monday as the world's top casino market remains in a slump.
The party is ending for Prada as China's enthusiasm for luxury goods ebbs, says GEO Securities CEO, Francis Lun.
Morningstar analyst Paul Swinand says Prada has under-performed its peers in China and elsewhere amid a challenging environment for all luxury brands.
Woes in the luxury space could result in the segment being next in line to trim its store fleets.
European markets held onto gains on Wednesday ahead of a widely-expected interest rate rise by the U.S. Federal Reserve.
Asian markets climbed on Wednesday, taking cues from a strong finish on Wall Street.
Prada reported a 38 percent fall in quarterly profit on Tuesday, hit by slumping sales in Greater China as the country's economic growth slowed.
European markets closed sharply lower on Friday as investor sentiment was curbed by more declines in the oil price.
Ferrari expects its U.S. IPO to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion.
Asia & luxury once slotted together as well as Cinderella and the glass slipper, but as China’s economic situation deteriorated, is this still true?
Ahead of Thursday's start to the spring fashion shows, here are the best- and worst-performing stocks with ties to the runways.
The recent stock market rout and currency devaluation have dealt a blow to China's luxury market, the New York Times reports.
China's Shanghai Composite index bucked the cautious sentiment across Asia on Monday, surging nearly 5 percent to end at a two-week high.
Asian stocks declined on Monday on the back of concerns over Greece's debt talks and fresh tightening of margin financing in China.
Investors dumped shares of Prada on Monday following an ugly earnings report, which prompted brokerages to slice their price target for the stock.
Despite all the talk about dead malls, there are still those that hear the registers ring. America's top 10 malls, by sales by square feet.
Through international turmoil, retailers are staying the course in expanding their brands overseas.