May 25- Tiffany& Co reported its steepest drop in quarterly sales since the peak of the global financial crisis, as a strong dollar discouraged tourists from buying its high-end jewelry and eroded revenue from markets outside the United States. In the Americas region, Tiffany's sales at stores open more than a year plunged 10 percent in the first quarter. » Read More
Designer Kate Spade, Frances Valentine founder, and Andy Spade, Frances Valentine founder, discuss the launch of their new startup.
A Frida Kahlo painting has sold for just over $8 million at auction, a world auction record for the late Mexican artist.
He began his career like most ordinary college grads: no money, no clear direction. Then he founded Nike, the athletic-apparel mega-company.
Under Armour fan and Morningstar Equity Analyst Paul Swinand sifts through UA's quarterly results and weighs in on the company's outlook as competition heats up in the athleisure space.
*Cosmetics market worth over $4 billion- parliament report. DUBAI, April 17- When Dubai businesswoman Negin Fattahi-Dasmal opened the first branch of her luxurious nail salon chain in Iran this year, it was met with both excitement and skepticism among image-conscious young Iranians. Despite-- or perhaps partly because of-- strict Islamic dress codes, cosmetics...
Tom Porcelli, Chief U.S. Economist at RBC Capital Markets, talks about how slowing luxury spending could be sending a warning sign for the rest of the economy.
LVMH sales were slightly below forecasts by analysts polled by financial information company FactSet.
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Designer Diane von Furstenberg, discusses tonight's DVF Awards which honors women's leadership and talks about the importance of having a good relationship with yourself and practicing truth.
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March 18- Upscale jeweler Tiffany& Co reported a better-than-expected profit for the holiday quarter as it raised prices and benefited from lower prices of diamonds, gold and silver. Weakness in the global economy and a strong dollar have hurt Tiffany and other luxury retailers such as Nordstrom Inc, Neiman Marcus Group and Macy's Inc-owned Bloomingdale's as...
March 18- Upscale jeweler Tiffany& Co said it expected profit to fall in the first half of this fiscal year as a strong dollar hurts tourist spending at its stores in the United States and erodes revenue from other markets. Weakness in the global economy and a strong dollar have discouraged tourists from buying luxury items, hurting companies including Tiffany,...
I think to be fair, the numbers are not great, says Brian Nagel, Oppenheimer & Co., breaking down's Tiffany's quarterly results and weighing in on the state of the luxury retailer. The strength of the U.S. dollar has been a big headwind for Tiffany, says Nagel.
March 18- Upscale jeweler Tiffany& Co said it expected profit to fall in the first half of 2016 as a strong dollar hurts tourist spending at its stores in the United States and erodes revenue from other markets. Weakness in the global economy and a strong dollar have reduced tourist spending on luxury items in the United States. The company's net income declined...
Stacey Widlitz, SW Retail Advisors, shares her outlook on the retail sector. Retailers are stuck with a huge overhang of inventory, says Widlitz. Also Widlitz says she's beginning to see some tourism flow back into London's luxury retailers.
Harmit Singh, Levi Strauss & Co. CFO, discusses how the company plans to grow its brand.
CALAFAT, Romania, Feb 9- O utside a clothing factory in Calafat in southern Romanian early one morning, hundreds of workers crowd around makeshift stalls to stock up on snacks and drinks for their shift. But even inside the European Union- in Romania and Bulgaria particularly- workers can endure poverty-level wages, long hours and arduous conditions to make...
*2015 net profit falls 21 pct to 1.12 bln Sfr, lags poll avg. ZURICH, Feb 3- Swiss watchmaker Swatch Group reported a worse than expected 21 percent drop in net profit to 1.12 billion Swiss francs on a drop in sales on Wednesday, blaming strong exchange rates, but forecast a pick-up in sales in 2016.. Swatch proposed an unchanged dividend of 7.50 francs per bearer share...
*3rd qtr sales of $1.40 bln vs est. Sees 2016 revenue of $4.65 bln. Shares of the handbag and accessories maker jumped 16 percent to $46.80 in premarket trading on Tuesday.
More than 40,000 golf professionals and fans are gathered in Orlando, Florida, for the annual PGA Merchandise Show.