Class CNBC's Claudia Pensotti discusses Italian Prime Minister Matteo Renzi's appearance at Milan Fashion Week.
Bell & Ross CEO Carlos Rosillo says there are still opportunities in the Asian luxury market even as it undergoes a soft patch.
Fashion designer Donna Karan, Urban Zen creator, talks about her focus on philanthropy, well-being and education.
Fashion designer Donna Karan, Urban Zen creater, talks about one of the big trends this year - "see-now-buy-now" clothes made immediately available for purchase after fashion shows.
Under Armour apparel hit the runway at this year's Fashion Week in New York City, reports CNBC's Sara Eisen.
Stacey Gilbert, Susquehanna Capital Group Market Strategist, and Boris Schlossberg, BK Asset Management Managing Director of FX Strategy, discuss the luxury retail sector with Brian Sullivan.
Jerry Brown on Tuesday rejected an attempt to waive taxes on tampons and other feminine hygiene products along with other proposed tax breaks, saying lawmakers should propose such ideas as part of the annual state budget process rather than as one-off exceptions. Women lawmakers had hoped to make California the latest state to scrap the so-called "tampon tax,"...
Talenia Phua Gajardo, CEO of Luxglove, says she's positioned her luxury online marketplace in between auction houses and eBay.
When athletes appeared in slick athletic gear by brands like Under Armour and Puma during the Rio Olympics, Mark Lee had extra reason to cheer.
PARIS, Sept 2- Louis Vuitton has launched its first perfume range since the founding merger of its parent LVMH in 1987, targeting middle-income shoppers amid a downturn in luxury spending. Until now, shoppers on more modest incomes have only been catered for by Louis Vuitton's key chains and very small leather goods, costing around 200- 300 euros apiece.
The market liked that the Prada management's guidance showed improvements ahead, says GEO Securities' Francis Lun.
The company's shares rose 4.5 percent to $72 in premarket trading on Thursday. Tiffany's net income rose to $105.7 million, or 84 cents per share, in the quarter ended July 31 from $104.9 million, or 81 cents per share, a year earlier. Analysts on average had expected profit to drop to $89.8 million, or 72 cents per share, according to Thomson Reuters I/B/E/S.
"The global environment continues to reflect well known challenges that we believe have had broad effects on spending by local customers, as well as foreign tourists, especially from China," Chief Executive Frederic Cumenal said in a statement. The company said sales were lower in continental Europe due to weak demand by foreign tourists and local customers, in...
Aug 25- Tiffany& Co's second-quarter comparable sales declined more than analysts expected due to lower tourist traffic and a strong dollar that eroded revenue from markets outside the United States. Tiffany's net sales fell 5.9 percent to $931.6 million. However, net income slightly rose to $105.7 million, or 84 cents per share, from $104.9 million, or 81 cents...
Aug 22- Swimwear maker Speedo USA said on Monday it had decided to end its sponsorship of Ryan Lochte, becoming the first company to officially terminate its endorsement of the U.S. swimmer. Speedo USA said it would donate $50,000 of Lochte's fee to Save The Children, a global charity partner of Speedo USA's parent company. "The current situation in Brazil...
Michael Kors stock dipped more than 2 percent after beating earnings and revenue estimates, but missed on comparable store sales.
Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visited malls and a strong dollar discouraged tourists from spending on its handbags and accessories. From next year, Kors will stop participating in store-coupon promotions by North American retailers, Chief Executive John Idol said.
Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visited malls and a strong dollar discouraged tourists from spending on its handbags and accessories. Sales in Kors' wholesale business, which supplies to department store operators including Macy's Inc and Neiman Marcus, declined 7...
*Forecasts 2nd- qtr revenue below estimates. Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visit malls and a strong dollar discourages tourists from spending on its handbags and accessories. Kors' revenue in the Americas slid 5 percent in the first quarter.
Coach's CEO Victor Luis said that the company is trying to differentiate itself from the competition with its comeback.