Latest Intelligence on Other Specialist Retailers in Asia-Pacific

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Type Product title / description Pub Price
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
CommentWire
CommentWire

Hermes: bags strong growth in Asia

Hermes has reported a resilient performance in the first quarter of 2009, with sales up 3.2% to E428.4 million. Turnover was driven by sales of leather goods, especially in Asia, while favorable currency effects helped to further boost revenue. However, a weaker performance in other product categories and softening demand in Europe pose problems for the future.

Published By Datamonitor
08 May 2009
Expert View
Expert View

HNWs start spending again, or is it investing?

Tiffany has joined other luxury goods companies in declaring an improved performance in the last quarter of 2009. However, this apparent evidence that HNWs are beginning to feel more confident in the economy may in fact be more accurately attributed to investments in tangibles.

Published By Datamonitor
26 Mar 2010
CommentWire
CommentWire

LVMH: acquisition of majority stake in Bulgari may lead to further moves in the luxury segment

LVMH has agreed the acquisition of a controlling stake in Italian luxury retailer Bulgari in a share deal which values the company at E3.7bn. The move will help Bulgari to achieve growth, while also doubling the size of LVMH's watches and jewelry division. In the highly competitive luxury market, LVMH's rivals such as PPR are expected to retaliate with their own acquisitions.

Published By Datamonitor
14 Mar 2011
Expert View
Expert View

LVMH: results indicate recovery in luxury consumption

Luxury group LVMH and other high-end companies have excited the market, having posted positive financial results for the first half of 2010. However, questions remain as to whether this is reflective of responsive business decisions or the fact that affluent customers lost less than the average consumer during the recession. Furthermore, it remains to be seen if this growth is truly sustainable.

Published By Datamonitor
10 Aug 2010
Expert View
Expert View

LVMH: watch sales decline, time's up for luxury?

Despite a weak like-for-like performance, LVMH reported marginal growth in a tough economic climate for the first quarter of 2009. While LVMH is in a stronger position to weather the storm than some rival luxury players due to its strong brands and extensive geographical spread, sales are likely to decline further in the year ahead as the economic downturn shows little signs of improving.

Published By Datamonitor
23 Apr 2009
CommentWire
CommentWire

Mothercare: growing up fast on global stage

Mothercare, a retailer of baby and maternity goods, has posted a mixed set of results, with impressive international and internet growth, but a dip in sales from its core format due to the re-structuring of its UK store estate. However, overall the company looks to be one of the market's safer bets as conditions deteriorate for UK retailers.

Published By Datamonitor
17 Oct 2008

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