Opinion on Luxury Goods

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Type Product title / description Pub Price
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Accessories still a must-have market

Accessories are less price sensitive than clothing, occupy less square footage and so offer a higher sales density. It is therefore unsurprising that the sector is becoming increasingly competitive as a growing number of retailers look to make their mark. A new report from Verdict Research explains how retailers can maximize their presence in the UK fashion accessories market...

Published By Datamonitor
09 Mar 2006
CommentWire
CommentWire

Aquascutum: bought by Jaeger owner

The new owner Harold Tillman's success at Jaeger bodes well for the future of Aquascutum and marks the end of a difficult period for the brand. While the current economic climate has negatively impacted demand for luxury products, Verdict believes that this acquisition should prove beneficial to the brand over the long term.

Published By Datamonitor
08 Sep 2009
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ASOS: another show of strength

ASOS has announced an impressive set of results for the six months to September 30, 2008, with an uplift of 107% in sales to GBP65.7m, and operating profit up by 69% to GBP3.8m. ASOS has kept this performance going since its financial year end, with sales for the seven weeks to November 16 up by 104%. With strong momentum in the UK and abroad, the future remains bright for ASOS.

Published By Datamonitor
18 Nov 2008
CommentWire
CommentWire

Bulgari: net profit collapses

Following a weak end to 2008, when turnover fell by 9.7%, Bulgari is likely to reveal a net loss for Q1 2009, as the global luxury jewelry market contracts in the wake of current economic turbulence. Moreover, as a general economic recovery seems unlikely, the outlook for 2009 remains bleak.

Published By Datamonitor
20 Apr 2009
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Burberry benefits from Asia push

British luxury house Burberry has reported a robust financial performance in H1 2010 as the combined successes of its retail, wholesale and licensing divisions resulted in a 17% increase in total revenues. Strong management - involving active cost cutting, a keen focus on retail-led growth and rapid expansion in Asia Pacific - has been the key driver behind these results.

Published By Datamonitor
15 Oct 2010
CommentWire
CommentWire

Burberry: in good health but not immune from economic turmoil

Burberry revealed a 13% increase in its H1 sales, a credible performance in the current economic environment. Its luxury positioning and international expansion strategy are helping to boost performance, but the brand is not immune from the downturn in consumer confidence.

Published By Datamonitor
16 Oct 2008
CommentWire
CommentWire

Burberry: trouble on the home front

The luxury fashion company Burberry is to be summoned before a parliamentary select committee regarding its plans to close its factory in Treorchy, Wales and switch manufacturing to China. While it lags behind most UK retailers in doing this, its status as a British brand raises greater objections and the bad publicity could damage short-term performance.

Published By Datamonitor
02 Jan 2007
CommentWire
CommentWire

Coach: riding the wave of success

The classic American leather accessories company Coach is capitalizing on the booming accessories market, and on its renewed appeal, as it attracts trend-led shoppers in addition to its core classic customer base. With the introduction of more product categories and a wide price range to attract more customers, the retailer has positioned itself effectively in a crowded accessories market.

Published By Datamonitor
25 Oct 2006
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French Connection: facing a challenging future

Reporting on trading in Q3 2007/08, French Connection stated that it would be difficult to meet the same profit level as last year unless there is a major improvement in the retail environment. This is highly unlikely and the company is perilously close to reporting a loss for the full year.

Published By Datamonitor
13 Nov 2007
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From 'Made in China' to 'Made for China'

Symbolic of China's growing importance to the global economy, multinational corporations are going to great lengths to tailor their products to Chinese preferences. Some companies have in fact gone a step further, launching new brands or product lines specifically designed for this market. Levi's is the latest global brand to distinguish itself by launching a range targeted towards China.

Published By Datamonitor
15 Jun 2010

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