The Savigny Luxury Index lost ground in October, as consumer appetite for mega-brands continues to cool and management changes shake up the industry.
NEW YORK, United States — Coach Inc., the largest U.S. luxury handbag maker, said fiscal first-quarter profit fell 1.6 percent as stiffer competition curtailed handbag sales in North America.
NEW YORK, United States — A Canaccord Genuity analyst is lowering her rating and price target for Coach, saying slowing traffic and tough competition from Michael Kors could weigh on the handbag and accessories company.
Today, BoF can exclusively share the findings of a new report by Euromonitor International, indicating that, in 2013, luxury goods sales will exceed $318 billion worldwide, representing a year-on-year real value gain of 3 percent, driven by emerging markets and ‘affordable luxury’ brands.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.