French luxury giant LVMH is struggling to retain its image as exclusive and high-end creators of $10,000 alligator handbags and goat-lined fur coats, while opening enough stores and reaching enough customers to keep profits high.
Teen retailer Pacific Sunwear of California Inc reported a narrower-than-expected quarterly loss, helped by higher gross margins, and said it plans to add higher-priced Nike products to rebuild its brand.
Ten thousand rolls of tobacco, 12 bottles of Sake, and a handful of second-hand Mercedes-Benz cars are among the latest reported breaches by North Korea of a U.N. ban on luxury goods sales to the reclusive state.
Italian online fashion retailer Yoox and French luxury and retail giant PPR said on Thursday they were in talks on a possible e-commerce project. Both companies said no final agreement had been reached.
Swatch Group, the world's biggest watchmaker, is expecting high single or double-digit sales growth this year as demand from China and for middle and lower-price products holds up in the face of global economic uncertainty.
Avon Products Inc's loss of a $10.7 billion takeover bid from smaller cosmetics rival Coty Inc leaves shareholders hoping that new Chief Executive Sherilyn McCoy has a great turnaround plan in the works.
Richemont, the world's second-largest luxury goods group, said on Wednesday it was cautiously optimistic for the future despite the unstable economic environment as it posted forecast-beating results, driven by strong Asian demand.
Avon Products Inc shares rose more than 5 percent in premarket trading on Monday, a day after the cosmetics company said it would consider the latest proposal from Coty Inc, raising hopes of a takeover.