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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: luxury goods

luxury goods stories: 33 news summaries

1 - 20 of 33 Stories | 1 2 Next >>

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 Luxury Labels 
 Flaunt Green Cred 

Top-end firms realize eco-friendly image can boost brand value

Jul 2, 09 7:02 AM CDT
(Newser) - As traditional luxury good buyers make way for a new generation of eco-conscious consumers, luxe brands are jostling to show off their planet-saving credentials, the Wall Street Journal reports. Firms like Louis Vuitton and Tiffany are snapping up eco-friendly firms, introducing new lines, and using green themes in their advertising... More »

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environment • Gucci • Louis Vuitton • social responsibility • luxury goods • luxury • Tiffany's • women's issues

(Newser) - Even the still-rich are unhappy in this economic climate, though their dolor is more likely to come from shame than anything else, USA Today reports. 54% of people who have $100,000 to spend after such mundane things like mortgage payments and taxes “feel guilty purchasing luxury goods” nowadays,... More »

MORE ABOUT:
recession • luxury goods • rich • retail shopping • economic downturn • wealthy • affluent

Saks' Deep Price Cuts Changed All the Rules

Even high-end shoppers have gotten
a taste for bargains

Feb 9, 09 9:49 AM CST
(Newser) - When Saks Fifth Avenue slashed prices 70% in November to kickstart a stalled holiday shopping season, it changed the rules for the entire luxe market, reports the Wall Street Journal. Retailers like Neiman Marcus and Barney's followed suit, putting an end to the unwritten deal the stores had with... More »

MORE ABOUT:
retail • recession • luxury goods • Saks • Jay-ZTV

Recession Jolts French Couture, and Psyche

Luxury industry tanks, moving some to dig up conservative values

Jan 15, 09 1:14 PM CST
(Newser) - For France, recession isn’t just an economic event, it’s a cultural revolution, the New York Times reports. The country is at once panicking—the layoff of 200 Chanel temporary workers was a major event—and rejoicing. Many are thrilled to see France’s obsession with high-end living come... More »

MORE ABOUT:
fashion • France • luxury goods • Chanel • Karl Lagerfeld • financial crisis

RETAIL SALES

 No Christmas  
 Miracle for Retailers 


Even luxury sector sales in free fall

Dec 26, 08 1:57 AM CST
(Newser) - It was a bleak Christmas and promises to be a less than prosperous New Year for retailers with consumers tightening their belts and spending less, reports the Wall Street Journal. Retail sales dropped 5.5% in November and 8% in December, compared with the same months last year. Luxury goods,... More »

MORE ABOUT:
recession • Macy's • luxury goods • holiday • retail sales • Christmas • Neiman Marcus • Victoria's Secret • MasterCard Advisors • Circuit City • e-commerce • gasoline prices • ShopperTrak RCT Corp. • J.C. Penney Co

No Snow Job: Owner Wants $500K for Vail Parking Spot

Space at prime ski destination may appeal to recession-proof snow bunnies

Nov 26, 08 2:44 PM CST
(Newser) - America’s economy may be going downhill, but evidently not in the ski destination of Vail, Colo., where one resident is offering a parking space close to prime slopes for $500,000, the Vail Daily reports. “There’s always somebody out there who has money to spend on a... More »

MORE ABOUT:
recession • parking space • luxury goods • Colorado • skiing • economy • financial crisis • Vail

Crunch Puts Crimp in Luxury Ad Sales

As consumers budget, luxury brands slash promotional spending

Nov 24, 08 12:45 PM CST
(Newser) - The echoes of the economic crisis continue to reverberate, with luxury brands trimming spending on newspaper and magazine ads as their target audiences cut back, reports the New York Times. Display advertising was already in decline, and spending on luxury items, which started softening in the spring, fell off... More »

MORE ABOUT:
advertising • Vogue • luxury goods • auto industry • advertising budgets • Food & Wine • publishing industry • financial crisis

 For Wealthy, 
 It's Cool to Be Cheap 

Twin concerns drive new consumer psyche

Nov 4, 08 10:43 AM CST
(Newser) - Affluent Americans are folding up the Gucci sunglasses and trying green living's thriftier practices on for size, a response to environmental and economic concerns that's sure to dampen spending for the duration of the recession, the Wall Street Journal reports. "People aren't shopping to feel better," said one... More »

MORE ABOUT:
consumer spending • luxury goods • credit crisis • consumer psychology • green revolution • financial crisis

No More Bling? Even the
Jet Set Feels the Pinch

Luxury execs are sitting tight for the most part, while jet set wonders what's appropriate

Oct 9, 08 7:04 PM CDT
(Newser) - Not even the super-rich are immune to the present crisis, prompting Christina Binkley to wonder in the Wall Street Journal: "Is this the end of bling?" In a word, maybe. The world, of course, will always have rich people, but they may not want to flaunt it as much... More »

MORE ABOUT:
consumer spending • luxury goods • credit crisis • holiday shopping • bling • retailers • financial meltdown • jet set

 Outlets Keep 
 Luxury Stores Afloat 

No frills, but great prices, greet customers at outlets, which are a growth sector

Sep 24, 08 5:25 PM CDT
(Newser) - In a stagnant economy, luxury retailers are opening off-price outlet stores at a faster clip, drawing in customers with sale prices they’d never see at a flagship, BusinessWeek reports. Including such names as Saks, Nordstrom and Coach, a trend is emerging: While visits and sales at boutique stores... More »

MORE ABOUT:
luxury goods • retail sales • clothing • Saks • Nordstrom • financial crisis • retail outlet • Coach

OPINION

$1K iPhone App? Get Control of Your Store, Apple

It 'shouldn’t be a place where a bunch of outlaws can run amok,' blogger pleads

Aug 6, 08 7:15 PM CDT
(Newser) - Though the $1,000 “I Am Rich” iPhone application that so enrages Don Reisinger seems to have disappeared from Apple’s store since his original Mashable post this morning, his call for the giant to impose some order on would-be price-gougers stands. “There’s nothing stopping other developers... More »

MORE ABOUT:
wealth • iPhone • Apple • software • luxury goods • regulation • iPhone applications

 Cartier Mines
 MySpace for
 Clients in Rough

Luxe jeweler tries to reach younger audience through social networking

Jul 31, 08 10:03 AM CDT
(Newser) - Luxury jeweler Cartier has teamed with MySpace in a unique effort to develop a new, younger audience by blending networking, entertainment, and marketing, reports the Wall Street Journal. The move, one of the first by a major luxury brand, may provide a road map for other luxury retailers so far... More »

MORE ABOUT:
social networking • MySpace • luxury goods • retailing • viral marketing • Cartier Jewelers

Slowdown
No Problem for Luxury Goods

Affluent Americans
still snapping up fancy watches, jewelry

Jul 26, 08 2:22 PM CDT
(Newser) - If America’s economy is failing, at least it’s going down in style. Sales of luxury goods have been surprisingly strong this year, despite the overarching economic gloom, the Wall Street Journal reports. Brands such as Hermès and Burberry have seen double-digit growth, as Americans continue to... More »

MORE ABOUT:
luxury goods • luxury • economy

EBay Wins Pivotal Tiffany Counterfeit Suit

Tiffany's must police their own mark, decides federal court

Jul 14, 08 6:11 PM CDT
(Newser) - A US judge ruled today that eBay had taken sufficient steps to stop the sale of fake Tiffany jewelry, the Wall Street Journal reports. Ruling on a suit filed by the New York-based jeweler, the judge deemed Tiffany responsible for monitoring its trademark. It was a pivotal victory for eBay,... More »

MORE ABOUT:
eBay • counterfeit • consumer goods • luxury goods • Tiffany's

Fashionistas Chase Fleeting Bargains Online

Sites court shoppers with flash sales on designer brands

May 1, 08 6:58 PM CDT
(Newser) - New online shops are hooking up high-end customers with discount flash sales on luxury goods such as designer bags and shoes. Alerting members via text message, the members-only sites sell items in private sales that often begin immediately and can last just hours. The created frenzy works: Customers of one... More »

MORE ABOUT:
luxury goods • online shopping • fashion designer • Internet sales

 Live It Up While 
 Going Green 

10 luxury ways to cut carbon waste

Apr 21, 08 2:30 PM CDT
(Newser) - You don't have to give up the high life to be green. Forbes finds 10 luxurious ways to reduce your carbon footprint:
  1. Wear cashmere at home so you can turn down the thermostat.
  2. Buy carbon offsets for your private jet.
  3. Drive a hybrid Cadillac Escalade SUV.
... More »

MORE ABOUT:
environment • carbon footprint • list • luxury goods • environmental impact • buy local

Billionaire Pays $500K for 27 Bottles of Wine

Global economic downturn? What global economic downturn?

Apr 19, 08 2:14 PM CDT
(Newser) - As the global economy falters, many people are fighting to make ends meet. And then there’s the Chinese billionaire who spent $500,000 for 27 bottles of wine today. The sale set a record for a single lot. “I don’t think he has bought this as an... More »

MORE ABOUT:
ultra rich • globalization • wine • recession • luxury goods • luxury

 Recession Not Slowing Ultrarich 

Real estate, art, yachts still finding no shortage of willing consumers

Apr 14, 08 10:02 AM CDT
(Newser) - As many Americans batten down the hatches, the über-rich are still living it up, the New York Times reports. Already this year, 71 New York apartments have sold for more than $10 million—compared to just 17 in 2007. The good times were so good, many say, they haven’... More »

MORE ABOUT:
ultra rich • recession • luxury goods • rich • economy

 Plastic Surgeons
 Feel Subprime
 Pain 

Multi-billion dollar industry sagging noticeably

Apr 5, 08 2:55 PM CDT
(Newser) - The subprime crisis has hit Goldy Anthony hard; she can’t even afford her bi-monthly trips to the plastic surgeon anymore. “I would rather have Botox than go out to dinner, but it’s just gotten so bad,” says Anthony, who works in Los Angeles' slumping mortgage business.... More »

MORE ABOUT:
plastic surgery • consumer spending • luxury goods • subprime crisis

 Why Buy a Bag You Can Rent? 

Bag and jewelry rental businesses capitalize on economic downturn

Mar 25, 08 7:09 PM CDT
(Newser) - The economic downturn has fueled a surge in leased luxury goods, Portfolio reports. A small membership fee or monthly payment enables designer addicts to rent It-bags and other high-end accessories at businesses like From Bags to Riches. "Instead of owning an asset you can just buy the experience,"... More »

MORE ABOUT:
fashion • rentals • luxury goods • jewelry • fashion label • handbag

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