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2 mins read
Burberry launches urgent turnaround plan to save the brand
Burberry's CEO Joshua Schulman said the troubled British retailer will act "with urgency" to addres…
Maria Noyen
7 mins read
How the British behemoth Burberry became fashion's biggest fail of the year
Burberry, the British clothing brand best known for its trench coats, tried to go too high-price an…
Madeline Berg
4 mins read
Why founders of some small luxury brands are eyeing exits
Independent luxury brands, pressured by market downturns, are eyeing consolidation or outside inves…
Maria Noyen
3 mins read
China's luxury slump is trickling down to other consumer companies
Companies like Starbucks, Nike, and Estée Lauder have reported falling sales in China as weak consu…
Madeline Berg,Huileng Tan
4 mins read
LVMH had a rough week. That's a bad sign for the luxury sector.
The Dior and Louis Vuitton owner reported disappointing earnings. As LVMH is a bellwether for the l…
Madeline Berg
2 mins read
China's luxury market has been in a slump, and we're about to find out how bad it really is
Bellwether LVMH reports third-quarter revenue on Tuesday, which could indicate how the rest of the …
Lian Kit Wee
1 min read
Luxury stocks are on the slide again as China's stimulus plans disappoint
Luxury sector stocks are suffering as European markets react to China's economic uncertainty and la…
Nora Redmond
3 mins read
Zara's website is a confounding headache — but it's also the secret to its success
Zara's website is a bewildering maze that's often criticized for being almost unusable. Yet it's he…
Maria Noyen,Nora Redmond
7 mins read
How Prada is beating the odds and bucking the luxury slump
Thanks to coveted designs from Miu Miu and a company-wide turnaround strategy, Prada is one of the …
Madeline Berg
4 mins read
These mid-tier brands are winning in fashion while luxury struggles
Mid-tier brands like Zara and Pandora are winners while luxury brands are struggling as aspirationa…
Madeline Berg
1 min read
Luxury watchmakers resort to state aid as demand falls
Girard-Perregaux and Ulysse Nardin are taking advantage of financial aid from the Swiss state to pr…
Nora Redmond
6 mins read
These are the 5 luxury items China's Gen Z is going nuts for, a retail expert says
A retail expert told BI there are 5 luxury items Chinese Gen Zers love, and it looks like the quiet…
Aditi Bharade
2 mins read
Most luxury companies are struggling in China — except one
Hermès defied China's luxury slump, with uptick in sales in Asia. Its chairman said Chinese shopper…
Lian Kit Wee
3 mins read
The luxury outlook in China just keeps getting worse
Gucci's parent company said on Wednesday that it continued to see a "deceleration" in Asia-Pacific …
Lian Kit Wee
7 mins read
When it comes to shopping, the ultimate status symbol is IRL
E-commerce has gobbled up everything in retail, but in the luxury space, consumers still prefer sho…
Emily Stewart
2 mins read
Luxury brands are slashing prices in China
Luxury brands like Burberry and Balenciaga have been offering big discounts in China to try to reel…
Alexandra Bacon
3 mins read
It looks like the party's over for luxury goods in China
Luxury retailers say they've been hit by slumping sales in China, while tourism spending in Japan b…
Grace Dean
3 mins read
Japan is fast becoming the hottest market for luxury brands
LVMH is the latest luxury retailer to report strong sales growth in Japan, as Chinese consumers tra…
Alexandra Bacon
2 mins read
Amazon isn't alone in reportedly destroying unsold goods. Nike, Burberry, H&M and others have also come under fire for torching their own products.
Brands like Burberry, Cartier, H&M, and more have all had employees come out saying that these stor…
Aleeya Mayo
4 mins read
Insider Today: Your knockoff's hidden cost
Counterfeit goods are big business, and can also cause big financial and societal problems. A leake…