Luxury retailers may suffer the industry's biggest reversal of fortune during the holidays as the global financial crisis dents the wealth of the richest Americans.
Sun Tiantian, a Beijing office worker, fell in love with Louis Vuitton's newly-released Monogram canvas wallet. She decided to get it for herself as a New Year gift and got ready to fork over a month's worth of her salary, about 5,000 yuan ($731), to Louis Vuitton's flagship Beijing store.
CHINESE consumers are getting jittery about household finances and job security as a world recession gathers pace around China, with luxury retailers likely to be the worst hit as people rein in spending.
* Orders for watches at Baselworld trade fair dn 15 percent *Visitors to watch and jewellery fair down 12 percent * More visitors from China, India; fewer from U.S., Japan ZURICH, April 3 - Demand...
The world鈥檚 largest Ferrari store, a luxury retail outlet, opened today (October 28) in Dubai, offering more than 1,000 sq m of single-storey floor space.
Damas, the leading retailer of stylish watches and jewellery in the Middle East, will be organising Damas Luxury Week from November 5 to 11 at its boutique in The Dubai Mall, which will showcase new collections from top designers.
360 MALL, a leading luxury shopping destination in Kuwait, has announced the opening of two unique retail concepts for the first time in the country with the addition of 鈥淗E By MANGO鈥� and 鈥淎 Pea in the Pod鈥� to its tenant mix.
Ferrari Maserati Cars Sales and Services (Shanghai) Co Ltd, the solely licensed retailer of Ferrari in Shanghai and Jiangsu Province, yesterday said it will recall 171 luxury cars in China as those cars have instrument panel problems, sources reported.The company said that it had submitted a report to the...
LONDON, Sept 17 - The catwalks are humming and buyers are still trawling the stands at London Fashion Week, but behind the scenes luxury clothing retailers are considering the knock-on effects of a global financial...
ATLANTA鈥� U.S. discounters, led by Wal-Mart Stores Inc, remained a bright spot in a weak retail industry in August, as shoppers sought back-to-school deals, while department stores and luxury chains disappointed.