Luxury goods are the opposite of necessities. They're high-end products that consumers want but don't need. They're also distinct from commodity products (such as bananas or gasoline) that are not ...

PARIS, Jan 15 (Reuters) - Global luxury goods companies are expected to pull out all the stops this year to persuade U.S. shoppers to splash out on diamond bracelets, quilted leather handbags and ...

Innovation didn’t keep up to warrant those prices, diminishing the overall appeal of luxury goods over time. Now, even the industry’s highest spenders, who are expected to contribute up to 80% ...

Shoppers around the world, their appetites still soured by cost-of-living increases, have turned away from luxury brands. Winning them back and reviving the luxury-goods industry’s sales, BofA ...

Here are some of the luxury goods you can find cheaper at Macy’s than at competing stores. Macy’s has a massive clearance sale on winter coats, with markdowns from 30% to 70% off. This Michael ...

The United States, European Union and Britain have explicitly banned the export of "luxury goods" to Russia as part of their sanctions packages. Several brands and groups also voluntarily quit the ...

With both supply and demand for big-ticket art in a slump, the auction houses are making major bets on selling luxury goods and niche experiences to make up the shortfall. Sotheby’s estimated it ...

One wrinkle in Rolls-Royce's growth plans, especially in the US, which is the company’s biggest market, is the threat of tariffs on international goods, especially luxury goods. “If you put a ...

Winning them back and reviving the luxury-goods industry's sales, BofA analysts said Thursday, will depend in part on ditching the plain, understated tones of the "quiet luxury" trend.