Most Active Articles 2009-11-24T04:08:17.008-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:us-retail-sales Lou Tosto ltosto624 urn:com:businessweek:bx:article:8296440038450365389-e68440eb54a16813994cdedeb67d0228 2009-11-23T09:32:43.246-05:00

Nov. 23 (Bloomberg) -- Blenders and sweaters may rise in popularity this holiday season as consumers seek to replenish kitchens and wardrobes rather than spend money on luxury gifts. Macy’s Inc. is promoting oven mitts that are meant to be used as...

Nov. 23 (Bloomberg) -- Blenders and sweaters may rise in popularity this holiday season as consumers seek to replenish kitchens and wardrobes rather than spend money on luxury gifts. Macy’s Inc. is promoting oven mitts that are meant to be used as... http://www.bloomberg.com/apps/news?pid=20601093&sid=a.5RnYK11N34 Charles Dubow cdubow602 0 0 0 0 urn:com:businessweek:bx:article:15687012021362802876-f18ca2659d554d35bc3cce36683ee03e 2009-11-20T09:04:00.369-05:00

As $25 million homes sat on the market and the nation's idea of credit was reduced to cash in a mattress, it was a tough year for the high-end but a good year for luxury.

As $25 million homes sat on the market and the nation's idea of credit was reduced to cash in a mattress, it was a tough year for the high-end but a good year for luxury. http://www.thestreet.com/story/10628550/1/luxury-outsells-high-end-with-value.html?cm_ven=GOOGLEFI Charles Dubow cdubow602 1 1 0 0 urn:com:businessweek:bx:article:14895192547490039412-411cbd70db2a722d7821d75d897ffd50 2009-11-20T08:59:29.440-05:00

Many luxury brands still treat the Internet with caution, worrying an online presence will dilute a sense of exclusivity. Are they missing out?

Many luxury brands still treat the Internet with caution, worrying an online presence will dilute a sense of exclusivity. Are they missing out? http://www.businessweek.com/lifestyle/content/nov2009/bw20091116_196617.htm Charles Dubow cdubow602 0 0 0 0 urn:com:businessweek:bx:article:7074836678776448910-fcb5815257d951c81fb95648dd052e30 2009-11-16T10:45:33.583-05:00

NEW YORK, November 16, 2009 -- Even after a year of recession, for some consumers 'tis the season for a rise in spending. A new survey from American Express reports that 10 percent of consumers actually intend to open their wallets and spend more on holiday gifts relative to last year and 43 percent plan to spend about the same. In the next 30 days, more than one in five U.S. consumers (22%) expect to spend more when compared to the last 30 day period.

NEW YORK, November 16, 2009 -- Even after a year of recession, for some consumers 'tis the season for a rise in spending. A new survey from American Express reports that 10 percent of consumers actually intend to open their wallets and spend more on holiday gifts relative to last year and 43 percent plan to spend about the same. In the next 30 days, more than one in five U.S. consumers (22%) expect to spend more when compared to the last 30 day period. http://home3.americanexpress.com/corp/pc/2009/joy.asp Lauren Young lyoung404 7 6 0 1 urn:com:businessweek:bx:article:6655771422175869222-8560c670f81dcc821324096208f66269 2009-11-19T18:21:14.658-05:00

Demand for Swiss watches picked up slightly in October from the previous month as the pace of decline in exports slowed, pointing to a sluggish recovery reliant on sustained demand from Asia.

Demand for Swiss watches picked up slightly in October from the previous month as the pace of decline in exports slowed, pointing to a sluggish recovery reliant on sustained demand from Asia. http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSLI12997220091119 Charles Dubow cdubow602 0 0 0 0 urn:com:businessweek:bx:article:10940667917874336431-42f75276ca266a308aaaec1f24b6e196 2009-11-18T09:27:38.517-05:00

Luxury clothing and accessories retailer Burberry PLC won't be selling its small leather sling bags at mark-down prices this Christmas after cutting inventory to fit consumers' recessionary pockets.

Luxury clothing and accessories retailer Burberry PLC won't be selling its small leather sling bags at mark-down prices this Christmas after cutting inventory to fit consumers' recessionary pockets. http://online.wsj.com/article/BT-CO-20091117-708185.html Charles Dubow cdubow602 3 3 0 0 urn:com:businessweek:bx:article:17193468868889450501-0cd81bf5701158e27cd3fcc7386dfe50 2009-11-16T10:12:28.223-05:00

We know you're busy, and we know you want to save money. With holiday shopping around the corner, here’s a list of tips from Michelle Madhok, founder of SheFinds.com

We know you're busy, and we know you want to save money. With holiday shopping around the corner, here’s a list of tips from Michelle Madhok, founder of SheFinds.com http://www.businessweek.com/careers/workingparents/blog/archives/2009/11/quick_cheap_hol.html Lauren Young lyoung404 4 2 0 2 urn:com:businessweek:bx:article:9498505269880507231-e238d8351fcb574f057bf66d1f22276d 2009-11-18T09:25:53.657-05:00

Luxury is back. Maybe not in the form of the conspicuous consumption seen pre-2008, but high-end retailers are at least starting to pick up profit gains.

Luxury is back. Maybe not in the form of the conspicuous consumption seen pre-2008, but high-end retailers are at least starting to pick up profit gains. http://www.thestreet.com/story/10627874/1/will-luxury-lead-the-retail-recovery.html?cm_ven=GOOGLEN Charles Dubow cdubow602 1 1 0 0 urn:com:businessweek:bx:article:14406708162201497070-3a8a1b634f3f9b48667f9f133970ccb7 2009-11-18T09:14:30.465-05:00

Coach Inc.'s shares slid Tuesday, making the company one of the biggest decliners in the S&P 500, a move analysts attributed to concerns about department stores' inventories and the luxury customer.

Coach Inc.'s shares slid Tuesday, making the company one of the biggest decliners in the S&P 500, a move analysts attributed to concerns about department stores' inventories and the luxury customer. http://online.wsj.com/article/BT-CO-20091117-712567.html Charles Dubow cdubow602 0 0 0 0 urn:com:businessweek:bx:article:698435836130336109-abf576d09e7979fbd8ce3a86bbb6593e 2009-11-18T09:22:33.336-05:00

Saks Inc., the U.S. luxury retail chain, and Target Corp., the second-largest discount chain, said they remain cautious about demand after reporting third-quarter earnings that beat analysts’ estimates. New York-based Saks...

Saks Inc., the U.S. luxury retail chain, and Target Corp., the second-largest discount chain, said they remain cautious about demand after reporting third-quarter earnings that beat analysts’ estimates. New York-based Saks... http://www.bloomberg.com/apps/news?pid=newsarchive&sid=as5fEBTzREn8 Charles Dubow cdubow602 0 0 0 0 urn:com:businessweek:bx:article:17642919487122165304-62e1d2f5ee5e38139b5fb861bab22c85 2009-11-16T11:46:20.052-05:00

October retail sales in the U.S. rebounded from the biggest drop of the year as demand for autos climbed, easing concern households will curtail spending after government incentives ended. The 1.4 percent increase followed a 2.

October retail sales in the U.S. rebounded from the biggest drop of the year as demand for autos climbed, easing concern households will curtail spending after government incentives ended. The 1.4 percent increase followed a 2. http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ5r_Ha0elrE&pos=2 Charles Dubow cdubow602 5 5 0 0 urn:com:businessweek:bx:article:13525954934299031933-d653cb7673b9dd704600ddddb45d42ff 2009-11-15T21:08:14.586-05:00

Selling retailers on this season’s must-have toy, robotic hamsters called Zhu Zhu Pets. Retailers can't seem to keep them in stock long enough, resorting to limiting how many customers buy.

Selling retailers on this season’s must-have toy, robotic hamsters called Zhu Zhu Pets. Retailers can't seem to keep them in stock long enough, resorting to limiting how many customers buy. http://www.bloomberg.com/apps/news?pid=20601087&sid=aPixneR.r4jE&pos=7 Thomas Huynh thuynh381 1 0 0 1 urn:com:businessweek:bx:article:13986292388005387432-782770d1f50704a59f6f64f8d1764dd7 2009-11-17T11:11:21.009-05:00

Cartier, maker of fine jewelry and watches for the wealthy, has expanded its range of more affordable products ahead of Christmas, meaning more than just a select few may find its red boxes in their stockings this year.

Cartier, maker of fine jewelry and watches for the wealthy, has expanded its range of more affordable products ahead of Christmas, meaning more than just a select few may find its red boxes in their stockings this year. http://www.reuters.com/article/ousivMolt/idUSTRE5AG3ST20091117 Charles Dubow cdubow602 0 0 0 0 urn:com:businessweek:bx:article:12067229970568476354-8c765f2cb556d2b51fb1f1d3e768c33f 2009-11-16T11:52:04.958-05:00

U.S. stocks added to a global rally, sending the Standard & Poor’s 500 Index to a 13-month high, after retail sales increased more than forecast and Asian government leaders pledged to maintain economic stimulus spending.

U.S. stocks added to a global rally, sending the Standard & Poor’s 500 Index to a 13-month high, after retail sales increased more than forecast and Asian government leaders pledged to maintain economic stimulus spending. http://www.bloomberg.com/apps/news?pid=20601087&sid=aQgWDlsO0Gj0 Charles Dubow cdubow602 1 1 0 0 urn:com:businessweek:bx:article:17235575778365411428-4a560e723ecb6f07e6251fe6414a8401 2009-11-13T09:36:24.091-05:00

Shoppers' focus on staples such as socks and underwear is driving murky holiday outlooks at Wal-Mart and Kohl's, even as both posted higher third-quarter earnings Thursday.

Shoppers' focus on staples such as socks and underwear is driving murky holiday outlooks at Wal-Mart and Kohl's, even as both posted higher third-quarter earnings Thursday. http://www.google.com/hostednews/ap/article/ALeqM5htwMvLqwKSMe9MQLzXPs_9mg8JDAD9BU7RM01 Charles Dubow cdubow602 4 4 0 0 urn:com:businessweek:bx:article:16349165051554119109-a354d36c8f3e5afbff59893091a09682 2009-11-13T09:31:34.293-05:00

Richemont, the world’s second-biggest luxury goods group, on Friday said the fall in sales of prestige jewellery, watches and accessories had slowed in recent months, but warned trading conditions remained extremely challenging.

Richemont, the world’s second-biggest luxury goods group, on Friday said the fall in sales of prestige jewellery, watches and accessories had slowed in recent months, but warned trading conditions remained extremely challenging. http://www.ft.com/cms/s/0/80b36bca-d026-11de-a8db-00144feabdc0.html?nclick_check=1 Charles Dubow cdubow602 3 3 0 0 urn:com:businessweek:bx:article:1137661141990458202-50e4797698bbd31ca6ebb6713ebe33ec 2009-11-13T09:29:39.275-05:00

Shares of luxury goods makers Bulgari and Compagnie Financiere Richemont both climbed Friday, but analysts were still unwilling to break out the champagne even as both showed signs of progress...

Shares of luxury goods makers Bulgari and Compagnie Financiere Richemont both climbed Friday, but analysts were still unwilling to break out the champagne even as both showed signs of progress... http://www.marketwatch.com/story/bulgari-richemont-climb-after-quarterly-reports-2009-11-13 Charles Dubow cdubow602 1 1 0 0 urn:com:businessweek:bx:article:13113357072542324656-d32c17fcf716ebd56088e0d9daf11740 2009-11-13T09:34:15.279-05:00

Richemont chairman Johann Rupert tightened his grip on the luxury goods group by taking the chief executive role too, as its latest sales figures suggested the watch industry could be set for recovery

Richemont chairman Johann Rupert tightened his grip on the luxury goods group by taking the chief executive role too, as its latest sales figures suggested the watch industry could be set for recovery http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSLD31107720091113 Charles Dubow cdubow602 0 0 0 0 urn:com:businessweek:bx:article:9032413970847770092-16fbf27291aeb52815cee2770754e254 2009-11-13T09:32:44.647-05:00

Luxury goods maker Compagnie Financiere Richemont SA (CFR.VX) hopes to soon see a restocking of inventories but some important markets

Luxury goods maker Compagnie Financiere Richemont SA (CFR.VX) hopes to soon see a restocking of inventories but some important markets http://online.wsj.com/article/BT-CO-20091113-702908.html Charles Dubow cdubow602 0 0 0 0 urn:com:businessweek:bx:article:12660128062553189021-0b04abbcf2fc3f412459f60e27c09d77 2009-11-09T09:59:58.188-05:00

Retail sales as a whole improved in October, indicating that consumers are actually starting to spend money again, despite predictions that this holiday season could be a dreadful one at cash registers. Enjoying that comeback are a few department-store chains — some of them on the luxury end — whose sales were hit hard when the recession began.

Retail sales as a whole improved in October, indicating that consumers are actually starting to spend money again, despite predictions that this holiday season could be a dreadful one at cash registers. Enjoying that comeback are a few department-store chains — some of them on the luxury end — whose sales were hit hard when the recession began. http://industry.bnet.com/retail/10004910/nordstrom-saks-sales-turnaround-spells-hope-for-department-stores/ Charles Dubow cdubow602 4 4 0 0 urn:com:businessweek:bx:article:13557804002525093887-10a49e5613ad9b44969ea967645d2ad2 2009-11-09T15:47:07.120-05:00

Wal-Mart Stores Inc. (NYSE:WMT) chairman S. Robson Walton last week made clear his interest in expanding the company's India footprint. Walton met with India Prime Minister Manmohan Singh in New Delhi to lobby for more access to the India market.

Wal-Mart Stores Inc. (NYSE:WMT) chairman S. Robson Walton last week made clear his interest in expanding the company's India footprint. Walton met with India Prime Minister Manmohan Singh in New Delhi to lobby for more access to the India market. http://www.thedeal.com/corporatedealmaker/2009/11/comparing_wal-marts_growth_in.php Brennen Wysong bwysong598 4 4 0 0 urn:com:businessweek:bx:article:13467537762141969172-e09315a7cf7309bcc7b571b89a0defe4 2009-11-04T09:43:12.210-05:00

October was far and away the best month American retailers have had since consumers put the brakes on spending last autumn.

October was far and away the best month American retailers have had since consumers put the brakes on spending last autumn. http://www.nytimes.com/2009/11/04/business/economy/04shop.html?_r=1&ref=business Steve Hans shans652 7 7 0 0 urn:com:businessweek:bx:article:2678215686923980775-9622411410e950f8aedc6c5142d936e1 2009-11-04T09:58:50.218-05:00

This recession has been atypical in many ways -- including its effect on the luxury-goods sector. In the other recessions we’ve seen since World War II, the luxury sector mainly stayed intact. However, this time it appears to have lost its luster.

This recession has been atypical in many ways -- including its effect on the luxury-goods sector. In the other recessions we’ve seen since World War II, the luxury sector mainly stayed intact. However, this time it appears to have lost its luster. http://www.fool.com/investing/general/2009/11/03/view-from-the-inside-is-the-luxury-sector-recoveri.aspx Charles Dubow cdubow602 4 4 0 0 urn:com:businessweek:bx:article:11031481055825237691-11f85210114ff243f0cbf2b984a29458 2009-11-06T09:04:15.389-05:00

Hermes (HRMS.PA) is optimistic about Christmas after sales of its luxury goods continued to improve in October, the French company said on Friday.

Hermes (HRMS.PA) is optimistic about Christmas after sales of its luxury goods continued to improve in October, the French company said on Friday. http://www.reuters.com/article/companyNewsAndPR/idUSL558673820091106 Charles Dubow cdubow602 1 1 0 0 urn:com:businessweek:bx:article:10607355419265701030-d3fc1a87217436950225cb24051069d8 2009-11-06T09:00:41.160-05:00

French luxury goods company Hermes International SA's (RMS.FR) sales activity is in line with trends in previous months, Chief Financial Officer Mireille Maury told Dow Jones Newswires Friday.

French luxury goods company Hermes International SA's (RMS.FR) sales activity is in line with trends in previous months, Chief Financial Officer Mireille Maury told Dow Jones Newswires Friday. http://online.wsj.com/article/BT-CO-20091106-704449.html Charles Dubow cdubow602 0 0 0 0