In particular, the market for luxury goods in China has contracted significantly. Affluent officials giving each other expensive gifts was a major source of luxury spending in China, whose consumers represented almost 30% of luxury spending worldwide.

All automakers except for the super luxury brands use incentives to some extent, but GM was paying out too much for years to keep its sales going, because its products weren't really competitive at full price. GM's products are a whole lot better than …

Farley says Ford is lavishing attention on Lincoln, its only remaining premium brand, with several product launches on the horizon and a renewed focus on personalized luxury and service, including an attentive online presence, black label customization …

Luxury goods, bags, clothes and jewelry are seeing their value slashed in China's second-hand market, with most used goods being sold at 30%-50% their original price tags, Guangzhou's 21st Century Business Herald reports. The majority of luxury goods …

A combination of such earning power and decades of falling prices has turned Austrian sparkling wine from a luxury drink to a choice for the masses at birthdays and other happy occasions. Yet the tax is leaving a sour taste in the mouths of … which …

JOPEN, the world's premiere luxury pleasure product company, was featured in the Concorde Booth at the Salon International de la Lingerie, which took place January 25-27th at the Paris Expo. The trade show premieres lingerie, swimwear, and club wear, …

Finance, the global luxury goods market is worth more than US$300 billion and is expected to grow to US$376 billion by 2017. Although Europe and the US account for over 60 per cent of luxury sales, Asia is expected to register the highest growth at 11 …

Michael Kors and Coach are arguably the two most popular luxury goods manufacturers in the world, especially when it comes to handbags and watches. These industry giants have been in a constant battle for market share over the last several years and …

He has managed to figure out and accessible luxury. Particularly in accessories. Coach had a down turn. Michael kors has stepped in and taken over. He has a broad range of products. He creates a very distinct brand. It is very desirable, but it is …