Anxiety for Luxury Brands as Tiffany Reports Slowdown
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Tiffanyâs weak holiday sales sent jitters through the luxury-goods industry, which had seemed invulnerable to the economic slowdown.
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Jewelers like Tiffany & Co , Zale Corp  and Finlay Enterprises  are set to release holiday sales data later this week -- and analysts are expecting less-than-sparkling results.
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The nation's consumers, uninspired by this season's fashions and rattled by high gas prices and the weakening home market, shopped gingerly last month, extending the misery of retailers who have struggled with a spending slowdown since February.
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With just two weeks to go until Christmas the nation's retailers should be getting worried that consumers have been slow to rev up the pace of their holiday shopping, industry experts said Monday.
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Tiffany is taking it on the chin as spiking raw material costs eat into its bottom line.
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Worries about job prospects sent consumer confidence to a seven-month low in October and its third consecutive monthly decline. The steeper-than-expected drop raised questions about whether consumers will be in the mood to spend during the critical holiday shopping season.
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Currency movements hold back revenue growth at UK fashion house Burberry.
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There are signs that some high-end real estate developers are being hit by a slowdown.
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Excitement on Friday as the holiday shopping season got underway cooled before the weekend&#39;s close as cautious shoppers browsed and let many deals pass.
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NEW YORK -- The nation's consumers, uninspired by this season's fashions and rattled by high gas prices and the weak housing market, shopped gingerly last month, extending the misery of retailers who have struggled with a spending slowdown since February.
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US retail sales are set to slow markedly this year as consumers feel the impact of rising interest rates, the National Retail Federation says.
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Business & money: Retail chain warns that consumer spending will decline over the next six months
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The fashion company continues to build and buy in the face of disappointing sales.
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Spending on womenâs apparel so far this year is proving disastrously weak, an ominous signal for the holiday shopping season.
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Limited Brands is cutting loose the brands that are dragging it down.
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Upscale time-share outfits are in a state of flux after a cruel summer.
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Luxury jeweler Tiffany & Co.  TIF.N  on Thursday posted lower-than-expected quarterly earnings and  slashed its profit forecast, hurt by lackluster sales in Japan  and higher costs for precious metals and diamonds.