Luxury goods retail

Dummies are displayed in a fashion shop at the Montenapoleone shopping district, in Milan, Italy, Tuesday, Feb. 4, 2020. China's virus outbreak is giving global business a chill. In Milan’s luxury Montenapoleone shopping district, dozens of luxury brands decked out their windows for Chinese New Year. But wealthy Chinese shoppers, who are responsible for about one-third of all luxury purchases globally, have failed to arrive in their usual numbers. (AP Photo/Luca Bruno)
February 04, 2020 - 12:38 pm
MILAN (AP) — Italian fashion officials on Tuesday forecast a nearly 2% drop in first-half revenues due to the virus emerging from China, which also is preventing three Chinese fashion houses from traveling to Milan Fashion Week later this month. Chinese consumers are the biggest luxury spenders in...
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In this Tuesday, Nov. 26, 2019, photo shows customers shopping in the shoe department at the Nordstrom NYC Flagship in New York. "Clearly, shopping is much more about an experience," said Jamie Nordstrom, president of Nordstrom stores and the great-grandson of the company's founder. “It's not just about getting through their lists. They want to bump into something new, something they didn't come into find. I think great stores do that well." (AP Photo/Mary Altaffer)
December 23, 2019 - 11:58 am
NEW YORK (AP) — To get that monogram tote bag by Louis Vuitton or leather Flashtrek sneakers by Gucci, the go-to place had been luxury department stores. Not anymore. Now, there are far more options to access exclusive labels. You can buy them at online sites like Netaporter. Or get them barely...
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In this Oct. 30, 2019, photo, a salesman waits for customers at a cosmetic shop in a shopping district in Hong Kong. Business has plunged in Hong Kong’s shopping districts after more than four months of protests. The government announced Thursday, Oct. 31, that the city is in a technical recession after it contracted for a second straight quarter.(AP Photo/Vincent Yu)
October 31, 2019 - 9:09 pm
HONG KONG (AP) — Steps from Hong Kong's main tourist strip, Ashfaqur Rahman's tailor shop usually is a mainstay for tourists dropping in to peruse neatly stacked rolls of fabric and get measured for custom-made suits. Not anymore. Business has dried up since anti-government protests began in early...
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Pedestrians cross an intersection near Barneys department store, Tuesday July 16, 2019, in New York. The luxury retailer could be joining a growing list of retailers that have filed for bankruptcy. (AP Photo/Bebeto Matthews)
July 16, 2019 - 4:20 pm
NEW YORK (AP) — Barneys New York may soon join the ever lengthening list of retail stores seeking protection in bankruptcy. The luxury clothing company, faced with high rents and a shifting consumer landscape, is evaluating options that may include a bankruptcy filing. That's according to a source...
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Julie Wainwright, center, CEO of The RealReal, celebrates her company's IPO at the Nasdaq opening bell, Friday, June 28, 2019 in New York. The online reseller of luxury brand clothing and accessories is based in San Francisco. (AP Photo/Mark Lennihan)
June 28, 2019 - 11:05 am
NEW YORK (AP) — Shares of The RealReal jumped on their first day of trading Friday, as the secondhand-fashion online retailer tests investors' appetite for the staying power of online marketplaces for pre-owned discounted Gucci and other luxury goods. The San Francisco company, founded in 2011 by...
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January 18, 2019 - 12:56 pm
NEW YORK (AP) — Tiffany & Co. says holiday shoppers and Chinese tourists spent less on its bling. The luxury jeweler, famous for its little blue boxes, says sales slipped in the holiday shopping season as Chinese tourists spent less while traveling due to the strong dollar, making it more...
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FILE- In this Monday, May 22, 2017, photo, a gift box from Tiffany & Co. is arranged for a photo in Surfside, Fla. Tiffany & Co. reports earnings on Wednesday, Nov. 28, 2018. (AP Photo/Wilfredo Lee, File)
November 28, 2018 - 1:59 pm
NEW YORK (AP) — There was something missing at the luxury jeweler Tiffany & Co. in recent months: Chinese tourists. For the second time in a many months, a big seller of high-end goods noticed that a particularly crucial demographic of its shopping base had made itself sparse, damaging sales...
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FILE- In this Sept. 8, 2011, file photo shoppers gather outside the Henri Bendel store on Fifth Avenue during Fashion's Night Out in New York. Henri Bendel, known for its brown and white striped shopping bags, is closing in the new year. The luxury retailer’s parent company, L Brands Inc., said that Henri Bendel’s 23 stores and its website will shut down in January but that it’ll carry new merchandise during the holiday season. (AP Photo/Charles Sykes, File)
September 14, 2018 - 9:57 am
NEW YORK (AP) — The luxury retailer Henri Bendel, which opened its doors in New York's Greenwich Village at the end of the 19th century, is closing. L Brands Inc., which acquired the brand in 1895, said that the 23 Bendel stores will turn out the lights in January. The Columbus, Ohio, company said...
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September 06, 2018 - 8:05 am
LONDON (AP) — Online luxury e-commerce company Farfetch says it expects to reap $446.5 million in its upcoming initial U.S. stock sale. The London-based company, which runs a global platform matching upscale brands with affluent buyers, revealed pricing terms of its initial public offering on the...
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