Carol Ryan

Swiss watch exports to China hit the lowest levels since the depths of the Covid-19 pandemic, another sign Chinese luxury consumers have pulled back sharply. The value of watches shipped from Switzerland to Chinese retailers in September halved from a year earlier, data from the Federation of the Swiss Watch Industry showed Thursday. Shipments to Hong Kong, traditionally a hub for luxury watches, fell by a third.

The Italian brand's owner, Kering, issued its third profit warning in a row as demand for a toned-down Gucci disappoint.

The zip codes where investors own a bigger share of homes have seen higher-than-average increases in both prices and rents.

Sales of newly built homes have been on a tear. But builders are likely to soon face stiffer competition for buyers.

Non-smoking, teetotal Donald Trump is no fan of cigarettes, but his presidential nomination still looks positive for tobacco stocks. London-listed British American Tobacco was up 4% in morning trading. A subsidiary linked to its U.S. business, Reynolds American, was a large donor to the Make America Great Again Inc, or MAGA, super-political action committee.

Customers are complaining that they are getting less bang for their buck at the luxury store.

Shoppers aren’t imagining it: Luxury goods cost a lot more these days, with no improvement in quality to make up for it. Weak sales look like a more deep-seated problem than some brands will admit. Dig ...

Burberry wants to mimic Moncler’s flair for jackets. Shares in the British trench-coat maker surged Thursday after new Chief Executive Joshua Schulman set out his plans to fix the struggling fashion brand. After years of failed attempts to grow its business in luxury handbags and shoes, Burberry will go back to basics.

Only a minority of mainly older homeowners are in a position to take advantage of the historic run-up in house prices.

By charging more, the industry is inadvertently encouraging its shoppers to buy from cheaper rivals and the resale market.