This year's awards were preceded by a forum on luxury travel, with a seeming contradiction at its core: the denouncement of materialism. But one of the key themes of the 2014 Ultatravel forum was luxury consumers' rejection of material possessions in …

DETROIT (Reuters) – Kia Motors Corp <000270.KS> is out to change its image among Americans as a low-priced value brand with the recently launched $66,000 luxury K900 sedan, but analysts said it should expect an uphill climb. Kia, the South Korean …

There's no better illustration of where China's once almighty luxury market has gone than the events three weeks ago. On a Tuesday at the Hyatt Regency in the east coast city of Hangzhou, Hermes held a sale. Until then, such discounting at upscale …

Fendi slumped 17 percent to $3 billion as a lack of investment by owner LVMH led to the fashion house being seen as less relevant by new luxury consumers, she said. While both labels seem to have arrested the negative momentum in brand perception, …

Luxury consumers have been reaping the benefits of stock-market gains and increased home values, which have helped buoy spending at retailers that cater to this crowd — retailers like Williams-Sonoma and Tiffany. View Enlarged Image. Analysts polled …

A 2012 report by McKinsey explained that China had become a leading luxury market by 2010 and could become a dominant force by 2020. … Affluent consumers will remain an elite minority, making up only 6 percent of the population in 2020. (In the …

GMC, derided a decade ago as a collection of rebadged Chevys, is carving a niche as a premium truck brand – witness the customers lining up to pay $70,000 for the redesigned 2015 Yukon XL Denali. Last month, Kelley Blue Book named GMC the "most refined …

Kia, the South Korean automaker with the same corporate parent as Hyundai Motor Co, has been asking US consumers to “challenge the luxury you know” since its February Super Bowl ad featuring Laurence Fishburne who reprised his role in the futuristic …

Domestically, these have included a rise in taxes on luxury models implemented in November 2013, which pushed the tax rate on the most expensive models (which are imported) up to 50%, in an effort to bolster the dwindling trade surplus. January's 15 …