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Luxury brands warming to the Web

Luxury groups are finally warming to the Internet, lured by surging sales and a wider audience for their brands, though lingering suspicions could limit the level of online penetration compared with the wider retail sector. High-end brands have been slow to embrace the Web, worried that universal access will destroy their aura of exclusivity and [...]

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Luxury market rebounding

The luxury goods market is rebounding from the slump caused by the global recession, but analysts say upscale sellers will be facing a hard slog due to changing demographics and lingering consumer caution. Global luxury goods industry sales are expected to grow four percent in 2010 to 158 billion euros (195 billion dollars) after a [...]

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This Week’s Top Stories (May 3-9, 2010)

In case you missed them the first time around, here are some of LUXUO’s top posts for the week of May 3-9. 1 – Louis Vuitton IPad Cases Adding further case options for the iPad, Louis Vuitton unveil a couple of upcoming sleeve designs, specifically created for Apple’s latest hot shot gadget. 2 – The [...]

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World’s Most Powerful Luxury Brands

According to a study compiled by market research firm Millward Brown Optimor, the most valuable brand is Louis Vuitton with a brand value of $19.8 billion. Hermes, with a brand value of $8.45 billion, landed in the second spot, followed by Gucci ($7.58 billion), Chanel ($5.54 billion) and Hennessy ($5.36 billion). Brands that focused on [...]

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Luxury brands are looking to trainers for new business

Designer denim used to be the go-to strategy of luxury labels to lure in new customers, but now it seems as if trainers are the new jeans. While brands like Dior, Hugo Boss, and LV have long been in the market of men’s designer trainers – with the latter’s collaboration with rapper Kanye West selling [...]

Outlook brightens for Italian luxury sector

Prospects for Italy’s luxury goods sector are looking up thanks to strong sales forecasts in Asia, Latin America and the Middle East. Sales are expected to grow throughout the world – with the exception of Japan – and across all luxury product categories in 2010, the Altagamma Foundation said. “These last two difficult years have [...]

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