The narrative on European luxury-goods stocks has flipped in the space of a week. Under pressure for most of the year due to a slowdown …
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Splurging by the Wealthy Is Polarising Japan’s Retail Stocks
Japanese department store operators are benefiting from increased spending by wealthier shoppers despite the inflationary environment, in contrast to lower-end retailers which are underperforming as …
Luxury Stocks Fall as Chanel Hints at Tougher Times to Come
Luxury stocks took a hit in Europe Wednesday after Chanel warned that the industry is set for more difficult times and analysts said they see …
Rolex CEO Says Comparing Watches to Stocks Is Dangerous
The head of Rolex SA said viewing luxury watches as investments is dangerous following a surge in interest from speculators during the pandemic. “I don’t …
Ulta Sparks Rout in Beauty Stocks on Warning of Slowing Demand
Ulta Beauty Inc. tumbled the most since March 2020 after executives signalled cooling consumer demand for beauty products, which weighed on the shares of industry …
Luxury Stocks Are Set for a Bleak Earnings Season, UBS Warns
Analysts at UBS Group AG are warning luxury stock investors to be prepared for a weak earnings season that will also offer little visibility into …
The Big Bet on Luxury Stocks Stumbles on Inflation, China Woes
Problems are stacking up for Europe’s hottest sector. A warning from the chairman of Cartier-owner Richemont that stubborn inflation was starting to affect demand in …
Luxury Stocks Lose $30 Billion in One Day on Demand Fears
A blistering rally in luxury goods stocks this year powered by international demand, particularly from China, has taken a hit, wiping out more than $30 …
Shopify’s Stocks Slump by 50%, Amazon Is Down Less Than 1%
Shopify Inc. has been called “Amazon Junior.” Those shoes are proving too big to fill. Both companies are seen as bellwethers for the e-commerce sector …