Richemont Q3 Revenue Up 24%

The Cartier store on 5th Avenue in New York. One of Richemont's luxury brands.

Luxury goods conglomerate Cie. Financiere Richemont SA said Monday that third quarter revenue increased 24 percent year-over-year to 2.62 billion euros ($3.32 billion) with all regions and nearly all of its brands reporting double-digit increases. Revenue for the month of December alone rose 21 percent, compared

Richemont Q3 Revenue Up 24%

The Cartier store on 5th Avenue in New York. One of Richemont's luxury brands.

Luxury goods conglomerate Cie. Financiere Richemont SA said Monday that third quarter revenue increased 24 percent year-over-year to 2.62 billion euros ($3.32 billion) with all regions and nearly all of its brands reporting double-digit increases. Revenue for the month of December alone rose 21 percent, compared

Last Surge Boosts Holiday Sales Past Last Year's Total

Late holiday shoppers—in the week leading up to Christmas and on the day after—provided the boost to lift 2011 holiday sales past the same period last year, according to data released Wednesday.

Consumers spent approximately $44 billion in GAFO retail sales for the week ending Dec. 24, a 37.8 percent increase over the previous week and a 14.8 percent gain over the same week last year, according

Last Surge Boosts Holiday Sales Past Last Year's Total

Late holiday shoppers—in the week leading up to Christmas and on the day after—provided the boost to lift 2011 holiday sales past the same period last year, according to data released Wednesday.

Consumers spent approximately $44 billion in GAFO retail sales for the week ending Dec. 24, a 37.8 percent increase over the previous week and a 14.8 percent gain over the same week last year, according

What Recession? NRF Projects a 2.8% Holiday Sales Increase

On the heels of a holiday season that outperformed most analysts’ expectations, holiday retail sales for 2011 are expected to increase 2.8 percent to $465.6 billion, according to the National Retail Federation. While that growth is far lower than the 5.2 percent increase retailers experienced last year, it is slightly higher than the ten-year average holiday sales increase of 2.6 percent.“

What Recession? NRF Projects a 2.8% Holiday Sales Increase

On the heels of a holiday season that outperformed most analysts’ expectations, holiday retail sales for 2011 are expected to increase 2.8 percent to $465.6 billion, according to the National Retail Federation. While that growth is far lower than the 5.2 percent increase retailers experienced last year, it is slightly higher than the ten-year average holiday sales increase of 2.6 percent.“

Holiday Retail Sales Up 5.7%

Retail industry sales (which exclude automobiles, gas stations, and restaurants) for December rose 5.3 percent unadjusted year-over-year and 0.5 percent seasonally adjusted from November, according to the National Retail Federation.
As a result, preliminary sales for the November and December 2010 holiday season rose 5.7 percent to $462 billion, surpassing NRF's forecast of 3.3 percent. This

Holiday Retail Sales Up 5.7%

Retail industry sales (which exclude automobiles, gas stations, and restaurants) for December rose 5.3 percent unadjusted year-over-year and 0.5 percent seasonally adjusted from November, according to the National Retail Federation.
As a result, preliminary sales for the November and December 2010 holiday season rose 5.7 percent to $462 billion, surpassing NRF's forecast of 3.3 percent. This

Holiday Jewelry Sales Up 8.4%, Luxury Sales Up 6.7%, Total Holiday Sales Up 5.5%

After a mild start, jewelry posted several weekly sales increases and ended the 2010 holiday shopping season with a year-over-year increase 8.4 percent, according to MasterCard Advisors’ SpendingPulse. Meanwhile, luxury sales (excluding jewelry) started the season with a solid gain and then picked up steam, ending with a very respectable year-over-year growth of 6.7 percent.

During the 50-day

Holiday Jewelry Sales Up 8.4%, Luxury Sales Up 6.7%, Total Holiday Sales Up 5.5%

After a mild start, jewelry posted several weekly sales increases and ended the 2010 holiday shopping season with a year-over-year increase 8.4 percent, according to MasterCard Advisors’ SpendingPulse. Meanwhile, luxury sales (excluding jewelry) started the season with a solid gain and then picked up steam, ending with a very respectable year-over-year growth of 6.7 percent.

During the 50-day

Holiday Online Spending Sets Records

U.S. consumers spent an estimated $36.4 billion on e-Commerce, a 15.4 percent increase over the 2009 holiday season, according to MasterCard Advisors SpendingPulse. However, jewelry, while making year-over-year gains, lagged behind other merchandise categories.
“Today eCommerce accounts for a much larger share of overall retail sales compared to a few years ago. And during

Holiday Online Spending Sets Records

U.S. consumers spent an estimated $36.4 billion on e-Commerce, a 15.4 percent increase over the 2009 holiday season, according to MasterCard Advisors SpendingPulse. However, jewelry, while making year-over-year gains, lagged behind other merchandise categories.
“Today eCommerce accounts for a much larger share of overall retail sales compared to a few years ago. And during

Holiday Jewelry, Luxury Sales Show Continued Strength

Reuters

Jewelry sales for the holiday season have increased 2.6 percent year-over-year, according to MasterCard Advisors’ SpendingPulse, which tracks national retail and services sales. Luxury sales, excluding jewelry, are doing slightly better at 2.8 percent.

Jewelry sales have grown steadily in the latter part of the season, according to the report, which tracks sales from October 31 to

Holiday Jewelry, Luxury Sales Show Continued Strength

Reuters

Jewelry sales for the holiday season have increased 2.6 percent year-over-year, according to MasterCard Advisors’ SpendingPulse, which tracks national retail and services sales. Luxury sales, excluding jewelry, are doing slightly better at 2.8 percent.

Jewelry sales have grown steadily in the latter part of the season, according to the report, which tracks sales from October 31 to