Commerce


Porsche Design’s 45pc sales increase prompted by strong retail presence

April 5, 2013

Porsche Design reported a 45 percent increase in sales for the 2012 financial year that is largely a result of its strengthened retail presence.


Do Saks’ woes signal luxury retail shift?

February 28, 2013

Saks Fifth Avenue is offering cues for fellow luxury retailers as it revamps its bricks-and-mortar strategy and gears up for a comeback from weak 2012 profits by marrying the in-store and ecommerce experiences.

Global branding power pushed luxury conglomerates’ year-end sales figures

February 20, 2013

Recent strong sales figures from fashion-focused conglomerates LVMH Moët Hennessy Louis Vuitton and PPR signal that global branding efforts of corporate-owned luxury brands surpassed those of private labels, experts say.

Michael Kors value proposition, physical market presence defined sales success

February 14, 2013

U.S. fashion house Michael Kors is experiencing rapid growth in sales due to product value, positioning in both the apparel and accessories categories, store openings in key markets and word of mouth, experts say.

Hermès sets sales record with über-high-end status, product control

February 13, 2013

French leather goods and scarves maker Hermès set record profits for 2012 with a 22.6 percent increase in revenue from the previous year and maintains its über luxury brand status with help from its coveted bags.

Harry Winston to maintain prestige, boost Swatch Group

January 15, 2013

Together Harry Winston Inc. and Swatch Group Ltd. are likely to benefit from combining their manufacturing practices and diamond expertise with the $750 million acquisition, experts say.

Last-minute luxury: Service, personalization to generate final holiday purchases

December 18, 2012

Luxury marketers that push service and personalization in the days leading up to Christmas will likely trigger more last-minute purchases from affluent consumers compared to brands that offer discounts, experts agree.

Why mobile wallets are the new credit card

December 4, 2012

Technologies such as NFC and mobile applications including Google Wallet and Passbook are changing the way consumers pay for goods and services, and many times, making shoppers reach for their smartphones to pay rather than their credit card.

Ecommerce, deferred purchases to lessen Hurricane Sandy luxury retail freeze

October 30, 2012

The hurricane brewing in the Northeast region of the United States has brought luxury retail and travel to a halt, but retailers are not likely to suffer as consumers shift purchases to ecommerce or are willing to wait it out for the in-store experience.

MasterCard exec: Experiential, mobile mix draws deep-pocketed consumers

October 16, 2012

NEW YORK – A MasterCard executive at the Luxury Interactive 2012 conference said that the company is positioning itself as an experiential brand for high-earning shoppers through exclusive packages, digital payments and a mobile application sponsorship.