Richemont reports 13 percent sales increase
Geneva—Sales for luxury goods company Richemont increased 13 percent in actual exchange rates (20 percent on a constant exchange rate basis) in the first three months of its current fiscal...
Study: Luxury consumers to save tax rebates
Stevens, Pa.—Luxury retailers might be disappointed when tax rebate checks arrive, as only 11 percent of affluent consumers plan to spend them on a shopping spree, a new Unity Marketing survey...
Report: Luxury goods face first recession
New York--The luxury goods market, once thought immune to the ebbs and flows of economic fluctuations, has begun to feel the effects of the worldwide economic slowdown and will likely enter a...
Manufacturers look overseas for buyers
New York—As the dollar continues to weaken against foreign currencies—and as U.S. retailers find it harder to pay their bills—some American manufacturers are looking for new...
Report: Luxury goods face first recession
New York—The luxury goods market, once thought immune to the ebbs and flows of economic fluctuations, has begun to feel the effects of the worldwide economic slowdown and will likely enter a...
Unity Marketing sees bright spots for luxury
Stevens, Pa.—Despite a poor economic outlook for 2008, research from market research firm Unity Marketing says luxury retailers can benefit from several bright spots in the year ahead.