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 …
Stocks
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 …