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POPSLuxury Brands Refuse To Predict The Future Even luxury brands that have fared well during the recession are hesitant to forecast sales for the end of 2009 or 2010. Check out our latest coverage on the luxury industry: http://www.forbes.com/2009/03/19/hermes-lvmh-ppr-markets-equity-luxury.html
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POPSHermes Sales/Net Up Hermes posted strong sales for the fourth quarter of 2008 and will open 12 new stores this year. Handbags and scarves are most popular.
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POPSGucci's Cachet Disintegrating Despite the fact that PPR is excpected to report an increase in sales for the Gucci brand, the slowdown in US consumption tells fashion critics that the brand's high-end cred is fading. Check out our story on Hermes, one of Gucci's biggest competitors: http://www.forbes.com/business/2008/07/22/hermes-luxury-earnings-biz-cx_ls_0722hermes.html
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POPSeBay Pays Off Hermes In France, luxury goods house Hermes sued eBay for selling counterfeits. The courts sided with Hermes, and now eBay has to pay up.
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POPSHermès 4th Quarter Good For Luxury Hermès' successful 4th quarter suggest that pure luxury will not lose its luster during this economic slowdown in the US. Check out our story on the state of luxury spending: http://www.forbes.com/2008/02/01/luxury-spending-retail-forbeslife-cx_ls_0201highend.html
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POPSMore Fashion IPOs in 2008 After over a decade of flirtation with an IPO, it looks as though Prada will finally take the plunge this year. Check out my story, When Fashion Goes Public, which details Ferragamo's attempt: http://www.forbes.com/home/2006/11/15/fashion-public-offering-forbeslife-style-cx_ls_1116house.html
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