financial news Tag Archive

China Lifting Ban On Group Travel Abroad Is Good News for Luxury Brands

Last week (on August 10, 2023), China lifted the remaining pandemic era

Report Says Handbags are Best Investment in 2023. What Does that Really Mean?

Handbag lovers, did you see the latest financial news on CNBC? That

Reports are Now Saying What We Have Maintained All Along: We are Still Buying Hermès and Chanel Bags

Photo Credit: @bagsionista Reports of the handbag's demise have been greatly exaggerated...

LVMH Calls Off $16 Billion Tiffany Deal, Citing U.S. Tariffs

Photo: Wall Street Journal When it was first announced, luxury analysts heralded

Chanel Foresees Tougher Times Ahead

Photo Credit: Chanel via @thefashionlaw.com 2019 was a very good year for

The World of Luxury – Post Coronavirus

@Quartz.com These are unprecedented times for us all. No matter which part

Coronavirus Continues To Wreak Havoc For Fashion

As feared and expected, Coronavirus continues to spread across the globe. The

Impact of Coronavirus on the Global Luxury Market

The global luxury industry faces its darkest hour in recent history. With

Luxury Market News Bulletin Board

Get your luxury market highlights in one convenient place! PurseBop curated and

Luxury Shoppers Flock to Turkey as Prices Plunge

In the past few weeks, long lines have formed outside of the

Luxury Prices Down in China: What Does It All Mean?

4 stalwarts of the luxury handbag world—Hermès, Louis Vuitton, Gucci, and Burberry—recently

Big Bucks in Bags

It’s a good time to be a luxury handbag brand. 2018, thus

Hermès Revenues Dip with Low Stock

A shortage in inventory in late 2017 caused Hermes fourth quarter revenues to drop, says the Company. Learn how Hermes plans to get the stock and sales on track.

Louis Vuitton, Hermès, and Gucci Among Top Global Brands of 2017

@littlethingsandnotsolittle Have you ever been curious about how Louis Vuitton, Hermès, Prada,

What Were The Top Luxury Brands For Q2?

Photo courtesy: Fashionmythology.com The luxury fashion business can oftentimes feel like a

LV Follows Major E-Commerce Trend

Two weeks ago, we reported that Gucci embraced e-commerce in China. Now,

Luxury in the Age of Millennials

The luxury market is finally on the right track for growth…but can it evolve to suit Millennial and Gen-Z consumers?

Prada’s Plummeting (but Recovering?) Profits

Prada is, naturally, a household name. But the house’s widespread fame hasn’t

Burberry Struggles to Improve Despite Boost from Brexit

After Brexit, Burburry sales increased due to the weakened pound. Now, Burberry is on the decline again and struggling to keep pace in the luxury market. Read the exact reasons why in our latest financial news!

Hermes and Chanel Suffering in Current Luxury Market

Even luxury powerhouses like Hermes and Chanel struggle to keep afloat in the weak luxury market. Read why in our latest financial report.

Hermes Sales Decline Despite Ambitious Goals

@pursebop, Maple and Ash, Chicago. Back in July, we covered the release

The Secret Behind Goyard’s Success

Goyard is truly one of a kind and has maintained exclusivity like no other brand. Learn about all the reasons behind its success!

Chanel Bulletin Board #2

Catch up on Chanel news, shopping stories, price updates, and more bag information in this Chanel Bulletin Board!

Department Stores Are Damaging Handbag Sales

Department stores may just be some handbag brands’ worst enemy. In our latest financial piece, learn why handbag sales are suffering for certain brands.

Part 4: UK – Cheapest Prices for Luxury Shopping

We continue to follow the impact of Brexit on the luxury market. See how the weakened currency has affected luxury shoppers and retailers.

Part 3: Brexit and the Asian Market

Find out how Brexit has affected the Asian Market. See the savings Japanese and Chinese shoppers will have shopping abroad with detailed handbag math.