Luxury Goods Sector

A model wears a creation by French fashion house Celine as part of its Fall-Winter 2010-2011 ready-to-wear collection presented in Paris, Sunday March 7, 2010. (AP Photo/Remy de la Mauviniere) Copyright 2010 AP News

<div id="subtitle">Luxury merchant Neiman Marcus posts 2nd-quarter loss due to hefty one-time charges</div><div><p>Luxury merchant Neiman Marcus Inc.'s chairman and chief executive told investors Wednesday that the company is working with its top brands to lower some prices while it slashes inventories to ...

<div><p>Purveyors of luxury goods are waking up from their dream of conquering India as the last great frontier for their high-end and high-priced wares.</p><p>With the world's economy in recession, luxury retailers are rethinking plans that saw them rushing into what they hoped ...

<div><p>Purveyors of luxury goods are waking up from their dream of conquering India as the last great frontier for their high-end and high-priced wares.</p><p>With the world's economy in recession, luxury retailers are rethinking plans that saw them rushing into what they hoped ...

<div><p>Bling is out and fine craftsmanship is in -- that's the latest message from the luxury goods industry as it struggles to survive the global economic downturn.</p><p>Luxury goods houses and retailers think they have come up with a new pitch as they ...

&lt;div&gt;&lt;p&gt;CLASS GDES MASS&lt;/p&gt;&lt;p&gt;The ranks of US millionaires surged 33% to a record 8.2 million households in mid-2004 from a year earlier, according to TNS Financial Services. That means an additional two million households joined those with more than $1 million in net ...

<div><p>Louis Vuitton said Tuesday it was dropping plans for a massive flagship store in central Tokyo as the global economic crisis dampens the market for luxury goods.</p><p>The French luxury brand had planned a 12-floor, 12,000 square-metre (130,000 square-foot) store off a major ...

<div id="subtitle">Store buyers cautious about buying spring runway looks amid uncertainty</div><div><p>As hundreds of buyers gather in New York this week to see the spring designer fashions in beachy brights like marigold yellow and ocean blue parade down the runways, they're taking a ...

<div><p>The question of whether the Asian market for branded handbags, watches, jewellery and fashion will be snipped or scalped by the likely global economic slowdown is dominating retailers' minds.</p><p>During a recent trip to her "expensive" Hong Kong hairdresser, luxury brand consultant Radha ...

<div id="subtitle">Even the super-wealthy feel global economic pinch as luxury market forecast to contract</div><div><p>Even the super-wealthy are going to feel the pinch of the global economic crisis, as experts warn that the personal luxury goods industry will contract next year in everything ...