Latest Intelligence on Other Specialist Retailers in North America

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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

Claire's Stores: new strategies for growth

Claire's Stores's full-year results were disappointing, despite an increase in sales. A sharp year-on-year decline in Q4, particularly in North America, was attributed to the difficult economic environment in the US and a decline in same store sales. However, the implementation of new strategies should deliver improved performance in the latter half of fiscal 2009, boosted by expansion in Europe.

Published By Datamonitor
07 Apr 2008
CommentWire
CommentWire

Claire's: a jewel for investors?

In the ten months ended November 2006, total sales at Claire's Stores were up 6% year-on-year while comparable store sales were up 2% - weighed down by same store sales declines in Europe. There are numerous challenges for the accessories retailer in today's global marketplace, but the company has other attributes that help to boost its value.

Published By Datamonitor
04 Dec 2006
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
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
Expert View
Expert View

Signet Group: issues profit warning

Signet has warned analysts that profits could be lower than expected after a disappointing third quarter. With stores in both the US and the UK, Signet's announcement of a slowdown in sales and a profit warning has been interpreted by many analysts as evidence of the slowdown in consumer spending and a tough Christmas ahead in both markets. However, there are other factors to consider too.

Published By Datamonitor
28 Nov 2007
CommentWire
CommentWire

Signet: between a rock and a hard place

Jewelry specialist Signet is in an awkward situation. While some premium and luxury goods retailers are still performing well, these are largely retailers with aspirational brands able to command loyalty from a highly affluent customer base. This is a very different position to Signet, which offers more affordable luxuries for mainstream consumers and is set to face continuing pressures in 2008.

Published By Datamonitor
10 Apr 2008
CommentWire
CommentWire

Social media: US department stores reap the rewards

Department stores are leading the way in terms of e-commerce, m-commerce, and social media, according to a recent survey. This has allowed them to boost their top lines after years of declining sales, while also capturing the attention of younger target consumer segments. Verdict believes that comprehensive digital strategies such as these would benefit luxury and specialist retailers alike.

Published By Datamonitor
26 Aug 2011

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