Luxury

Rolls Royce

Rolls-Royce to Build an SUV

In the category of things we didn’t know we needed there must surely have been a spot for a sport utility vehicle (SUV) built by Rolls-Royce. That spot is about ...
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cadillac-badge

GM Plans to Pour $12 Billion Into Cadillac Brand

Over the next five years, General Motors Co. (NYSE: GM) plans to spend more than $12 billion developing its luxury Cadillac brand, with high hopes of creating new sales in ...
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156296991

Is the Dollar Really Why Tiffany Lowered Earnings Expectations?

Tiffany & Co. (NYSE: TIF) reported lower-than-expected sales results for the two-month holiday period ended December 31. The sales results were considered disappointing by executives due to headwinds from a ...
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Mercedes-Benz

US, China Are Top Markets for Mercedes-Benz

Daimler, the Germany-based maker of Mercedes-Benz automobiles, announced Friday morning that the company sold a record 1.65 million vehicles in 2014, up 12.9% compared with 2013 sales, and the fourth ...
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2013-Cadillac-CTScoupe

Cadillac Sales Drop 11% as Brand Stumbles

Cadillac, the luxury brand of General Motors Co. (NYSE: GM), continues to be the laggard among luxury car brands. While sales of its primary competitors improve, Cadillac sales dropped 11% ...
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BMW-logo-hood

BMW Price Hikes Begin This Month

The North American division of Germany’s BMW automaker announced on Friday that the company would be raising prices on some of its 2015 model year vehicles effective Monday, January 5. ...
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Tiffany Store front

Tiffany Earnings, Revenues Hit by Asian Slowdown; Forecast Softens

Tiffany & Co. (NYSE: TIF) reported third-quarter 2014 results before markets opened Tuesday morning. The luxury goods company posted adjusted diluted earnings per share (EPS) of $0.76 on revenues of ...
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Mansion with chairs and palms

Expensive Home Inventory Soars

The supply of homes for the rich rose rapidly in October. The same cannot be said for the inventory of low and mid-priced homes. Perhaps the top 1%, 5% or ...
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Michael Kors store front

Major Shareholder Dumps Michael Kors

In a secondary share offering that priced Friday morning, the largest shareholder in Michael Kors Holding Ltd. (NYSE: KORS) dumped its entire 5.7% stake in the luxury apparel company at ...
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Tiffany Store front

Tiffany Earnings Glitter, but Outlook Dull

Tiffany & Co. (NYSE: TIF) reported second quarter 2014 results before markets opened Wednesday. The luxury goods company reported diluted earnings per share (EPS) of $0.96 on revenues of $992.93 ...
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handbags

Coach Finally Remembered How to Have Good Earnings

Coach Inc. (NYSE: COH) reported fourth-quarter and fiscal-year 2014 earnings Tuesday. For the quarter, the luxury goods maker posted adjusted diluted earnings per share (EPS) of $0.59 on revenues of ...
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Michael Kors store front

Is Reality Catching Up With Luxury Brand Michael Kors?

Michael Kors Holdings Ltd. (NYSE: KORS) reported first-quarter fiscal 2015 results before markets opened Monday. The luxury lifestyle brand reported diluted earnings per share (EPS) for the quarter of $0.91 ...
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Ford hybrid

Lincoln and Cadillac Lose Ground in Luxury Market

The turnarounds of Ford Motor Co.'s (NYSE: F) Lincoln brand and General Motors Co.'s (NYSE: GM) Cadillac suffered setbacks in June. While sales of primary rivals BMW, Mercedes and Toyota ...
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luxury mansion

Americans to Inherit $59 Trillion

In a 55-year period between 1998 and 2052, some $59 trillion of U.S. wealth will be transferred. That total exceeds an estimate of $52 trillion in wealth transfer made in ...
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Porsche Cayenne 2013

Is There No End to Luxury Car Sales Growth in America?

U.S. auto sales turned out to have an incredible month of sales in May. The news was good almost universally (except for the VW brand), but the luxury car market ...
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