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
Many retailers rung up strong sales during the holiday season, putting them in a position to leverage this success in an initial public offering, said Ted Vaughan, a partner in the retail and consumer products practice of BDO USA.
High-end department store Nordstrom is funneling its returned and worn shoes to its Nordstrom Rack outlet stores. A look at what this practice means for the Nordstrom brand. Is there a fine line between being an outlet store and a thrift store?
From high heels to high-octane driving, the world of luxury is on fire. CNBC's Courtney Reagan sits down with President of Manolo Blahnik, George Malkemus, to talk about the demand for quality and craftsmanship in their designer shoes. Get a sneak peek at a limited edition Ferrari that sold out in less than an hour!
Chinese shoppers have become a fixture of the luxury retail scene in the US and Europe, drawn by much cheaper prices than at home. But many upscale brands have yet to bond with China’s million millionaires. The Financial Times reports.
Australian surfwear company Billabong International said it will sell a stake in its Nixon brand watch brand and close up to 150 stores to fend off a $820 million private equity bid, sending its shares up by more than 50 percent on Friday.
If hemlines are reliable predictors of economic or market trends, we may be headed for a slower economy and falling market.
Just as blogging platforms and social media gave voice to new tastemakers and opened a door for bloggers participate in collaborations with fashion designers and to sit in the coveted front row at fashion shows, Polyvore is exerting its own force on the industry, and evidence of this was very clear at this week's New York Fashion Week.
With a taste for luxury developed through flash-sale websites, Gen Y shoppers are increasing their spending at full-price online luxury retailers more than any other age group, according to a new report.
While Valentine's Day in the U.K. may not be as “in your face” as it is in the U.S., the British are catching on quickly to the American love affair with the commercialized holiday.
If retailers are looking for growth in clothing sales, they might want to focus on men. IBM projects that men’s apparel sales will rise nearly 8.3 percent in the first quarter, far outpacing other retail categories.
Jim Cramer’s researcher, Nicole Urken, shows examples of divergence among stocks in the same sector.
In an industry known for extravagance, simpler designs with a ladylike twist will blanket the Lincoln Center runway at Fashion Week for the Fall 2012 season, industry experts predict.
New York Fashion Week kicks off its fall runway shows Feb. 9, and the “Fast Money” traders highlight stocks with pizzazz.
As China’s economy slows, Hong Kong-based luxury goods distributor Jebsen & Co. is seeing early signs of weaker consumer demand. CNBC’s Christine Tan spoke to Group Managing Director Helmuth Hennig about prospects in China, a country that is expected to surpass Japan as the world’s biggest luxury market this year.
About 14 years ago, I met an entrepreneur who wanted to open up coffee shops around China. I never thought the coffee business would work in the country. The Chinese would not easily give up their tea drinking culture for a bitter, overpriced drink, I told him.
Stephen Sadove, Saks Inc. chairman/CEO, discusses the outlook for luxury retailers in 2012.
High street retailers have had a tough year in 2011, but Burberry is bucking the trend. A global slowdown and Europe’s still-unfolding sovereign debt crisis sets a dark cloud over the luxury market, but the British maker of trenchcoats and handbags turned in strong results earlier Tuesday.
Shares of many luxury-goods purveyors are up by double-digits over the past three months. One analyst from TheStreet.com details nine stocks that could benefit from wealthy people paying up for name-brand goods.
Any pull back in spending by wealthy Chinese could spell disaster for the luxury goods industry, which is looking to China for growth as markets in Japan and Europe slow.
Click on to see these luxurious mansions, ranked from least expensive to most, many of which are ski-in/ski-out.