The recession has made the luxury customer even more demanding, said Steve Sadove, Chairman and CEO of Saks.
The luxury customer continues to love their favourite brands, but wants them at lower price…
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The face of the new luxury customer
Volvo Auto India to launch three models this year
While talks of a global takeover of Volvo Cars by Geely Auto of China continue, the India subsidiary of the Swedish carmaker is strengthening its product portfolio in the country to compete with …
Rich resurface to send Burberry sales up 15 percent
Shares in Burberry soared today after the luxury goods company revealed a 15 percent rise in third quarter sales, smashing forecasts and suggesting that consumers’ appetite for designer brands i…
Burberry sees wholesale recovery
Burberry saw total sales rise 12 percent on an underlying basis to GBP380 million for the three months to 31 December, and wholesale sales began to recover.
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Giorgio Armani collaborates with Reebok International
Giorgio Armani S.p.A. and Reebok International Ltd have today announced a multi-year global alliance to create a special collection, combining active style with sport and technology – EA7 and Em…
Luxury retailers lambast EU plans to reduce brands’ control
Retailers could gain the right to sell any brand in stores or online, after the European Commission launched a review of selective distribution laws.
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Ugg Australia and Jimmy Choo to collaborate on footwear collection
Ugg Australia and Jimmy Choo are pleased to announce a collaboration for limited edition co-branded "UGG® & Jimmy Choo" women’s sheepskin footwear products. The capsule collec…
Hermes strikes up the brand
Hermes International recently took a majority stake in Shanghai-based company Shang Xia, with plans to launch the brand in China next spring, followed by a boutique in Paris in the autumn. The move ma…
Luxury-brands survey: one third of people feel guilty for treating themselves, half prefer logos on luxury goods
Global market intelligence firm Synovate yesterday released data from a global study on luxury brands that showed two in three people across 11 markets treat themselves to luxury every now and then, b…
Jewellery sales regain some of their sparkle
Although the highly discretionary jewellery sector was one of the hardest hit retail markets last holiday, jewellery stores have an edge over traditional retailers this year, as stores look to improve…