Some 27 million Chinese people, or two percent of the country's total population, are reportedly consuming one third of the world's luxury items, including cosmetic products, private jets, jewellery, timepieces and leather products. LVMH, Richemont and …
The luxury goods dealer is to open its second store in 307 years in King's Cross Station, London – which is actually 2.2 miles nearer to Sheffield than its Piccadilly original. That probably won't be affecting sales at Morrison's in Catcliffe or Asda …
Tesco Plc (TSCO), the U.K.'s biggest grocer, today unveiled a revamp of its higher-priced Finest food range, introducing products such as hand-foraged mushrooms and New Zealand Pinot Noir wine as it seeks to win back shoppers. … Christmas Luxury …
According to Bain & Company, the luxury goods market will grow to be a €250 billion industry by 2015. The major chunk of this growth will come from Asian countries like China, Japan, Malaysia, and Singapore . The industry is expected to grow as much as …
China's slowdown last year was perhaps more than just a passing phase for the luxury goods sector, the head of British fashion house Burberry told French newspaper Les Echos in an interview published on Monday. The Chinese economy's 2013 growth …
While Abe's policies have lifted the stock market and spurred spending on luxury goods, overall retail sales have grown only tepidly since he was elected last year. A sales tax increase could also dent consumer spending once it takes effect in April …
CEO Angela Ahrendts said China's slowdown and lower sales of luxury items could be the “new normal.“ World Bank slashed its Asia forecasts. The development bank expects growth in China and developing countries in East Asia to increase 7.1% this year …
Made from a variety of forms in terracotta, treated with resin on the inside, to painstakingly decorated works of art, each had its own story — of merchants and trade, high-sea travels and the exchange of luxury goods across the world. Slender …
The first partial government shutdown in 17 years and the prospect of a lengthy budget fight could jeopardize the economic recovery and cool consumer sentiment, the auto market and sales of luxury goods. The economy has shown positive signs as …