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Business Insider Latest Story Image
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   


Business Insider Latest Story Image
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   


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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   


Business Insider Latest Story Image
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   


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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   


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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   


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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   


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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   


Business Insider Latest Story Image
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   


Business Insider Latest Story Image
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   


Business Insider Latest Story Image
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   


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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   


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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   


Business Insider Latest Story Image
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   


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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   


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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   


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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   


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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   


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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…

Dan DeFrancesco   


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2 mins read

Luxury brands like Burberry and Coach are cashing in on Singles' Day shopping in China by creating limited edition NFTs for the event

The Singles' Day NFT offerings were slated to run from October 20 to November 11, but many of them …

Huileng Tan