Global luxury goods market to cool in 2013
Growth in sales of luxury goods is expected to ease slightly this year, hit by subdued spending in Europe and slower growth in China, consultancy Bain & Co said in a study on Thursday.
Growth in sales of luxury goods is expected to ease slightly this year, hit by subdued spending in Europe and slower growth in China, consultancy Bain & Co said in a study on Thursday.
For its 2012-2013 financial year, ended March 31, Japanese sports brand Asics has reported a 5% increase in turnover to 2 billion euros, largely down to the success of its running gear.
Three people were killed when the ceiling of a warehouse fell in at a shoe factory in Cambodia, a government minister said on Thursday, adding to concern about safety standards at Asian...
G-Star has chosen Cologne as the home to its biggest flagship yet. Franchise-operated, the store measures a whopping 800m².
Richemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the world's second-largest luxury goods group in the hands of a recently-named...
The American group is reportedly on the hunt for a new accessories brand to add to its current portfolio in the hope of jump-starting growth.
Pitti Uomo, the industry’s key trade show for menswear, announced that 1,010 brands will be exhibiting in Florence from June 18 to 21. For the first time, the show floor will include...
Hermès recently celebrated the opening of its 27th U.S. store in the in the town of Greenwich, Connecticut, one of the East Coast's wealthiest towns and a target for many luxury brands.
North American retailers on Tuesday discussed forging their own Bangladesh safety agreement, an alternative to a legally binding accord that many European retailers have signed on to,...
Macy's reported higher first-quarter profit and sales on Wednesday despite weak demand from some of its customers, and the department store operator raised its quarterly dividend 25 percent.
Saint Laurent has opened its Parisian flagship at 53 Avenue Montaigne. The space measures 900m² and is decked out in the emblematic monochrome colours of the luxury fashion house, which...
The down jacket brand has teamed up with the Japanese label White Mountaineering on a new collection. It is preparing to open a store in downtown Milan and bringing its children’s wear...
Fashion media and analysts broadly welcomed Marks & Spencer's new clothing strategy and a preview of autumn/winter fashion ranges, giving the firm's boss some respite from pressure over...
The American group has announced the rebranding of CK Calvin Klein as Calvin Klein. The label's autumn jewellery and watch collection will be the first products released under the new...
France's National Association for the Development of the Arts and Fashion, also known as ANDAM, has revealed the seven finalists in the running for the 2013 edition.
The world's second largest fashion retailer Hennes & Mauritz reported a much smaller than expected rise in underlying April sales as cold weather across its key European markets held back...
Danish jewelry maker Pandora beat forecasts for first-quarter core earnings, evidence that its outgoing chief executive's turnaround strategy is paying off.
Italian luxury shoemaker Tod's SpA said core earnings fell 4.6 percent in the first quarter as strong growth in international sales failed to offset the effects of a prolonged recession...
John Lewis, Britain's biggest department store group, said UK consumers were slowly becoming less fearful about their financial prospects, adding to optimism a spate of relatively upbeat...
Chanel presented its Resort 2013/2014 collection last week in Singapore to an audience of 1200 people and aired for its short-film 'Once Upon A Time' featuring Keira Knightly in the role...