luxury

We Test Out the $175,000 'Royal Bed'

Savoir Beds, a British luxury mattress maker, just introduced a $175,000 bed. How much do you actually need to spend on a good night's sleep?

The 10 Most Expensive Cities in the United States

The Council for Community and Economic Research just released its sixth annual city cost-of-living rankings. We'll tell you which cities made its top 10 list, plus the average costs of a few ordinary purchases in each one to help put those expenses in perspective.

Midday Market Minute: Michael Kors Shares Jump To Lifetime High

Fashion company Michael Kors Holdings Ltd raised its full-year forecast after handily beating Wall Street estimates for its third-quarter results with the help of strong sales of luxury items in North America and Europe during the holidays. The results sent the company's shares up 13 percent to a lifetime high on the New York Stock Exchange.

World's Most Expensive Cities

$9 for a loaf of bread in Tokyo? $2,100 for a dinner bill in Paris? To see which cities are the most expensive for residents and visitors, the Economist looked at the prices -- in U.S. dollars -- of everyday items in cities worldwide.

Luxury Biz on Edge After Japan's Earthquake

The Japanese are the world's most voracious consumers of luxury goods, from Louis Vuitton handbags to Cartier jewelry to Hermes high fashion. So purveyors of those luxury goods are justifiably worried about the effect of the Japanese earthquake and tsunami on their bottom lines.

Five Ways Women Sabotage Their Financial Futures

While both men and women are prone to a variety of costly financial blunders, many women seem to be plagued with a gender-specific set of tendencies that sabotages their relationship with money. Here's are women's most common financial missteps -- and how to avoid them.

Consumers Are Finding Cash for 'Small Luxuries'

As the economy improves, Americans have begun splurging again. But they're limiting their indulgences to haircuts, casual dining and coffee, while continuing to forego many bigger expenditures, like vacations and dining at expensive restaurants.

A Heartwarming Valentine's Day Sales Forecast

Valentine's Day sales should thrill the hearts of retailers this year: Spending for the day is forecast to top $18.6 billion, a 5.8% jump in spending over 2010. That amounts to about $125 per person taking part in the holiday for lovers.

Retail Sales: November Stole the Show from December

U.S. shoppers piled up the presents under their Christmas trees, but retailers were still a bit disappointed by their holiday haul. The Commerce Department's official tally shows what many suspected: Consumers took care of most of their shopping in November this year.

Auto Dealers Are Upbeat on U.S. Sales for 2011

The nation's leading trade association for car dealers says it now sees industry sales of nearly 13 million vehicles this year, topping last years by 12%. The rise is attributed to pent-up demand, loosening credit and a rising stock market.

December Sales Will Warm Merchants' Hearts

Shoppers didn't disappoint merchants, buying presents at both low- and high-end prices, from jewelry to shoes. Most analysts predict sales will show year-over-year increases of 3% to 4% on Thursday, when major chains post December figures and holiday totals.

Tiffany Earnings Sparkle on Higher Sales

Strong sales at home and abroad helped the high-end jeweler post a 27% increase in net earnings in the third quarter, with some analysts predicting a return to luxury shopping this holiday season.

Retailers Prepare for an Uninspiring 2011

As retailers wrapped up their third-quarter earnings reports this week, most merchants said they're back in cost-control mode and will tighten inventories after the holidays. With shoppers still spending cautiously and costs on the rise, profit growth will have to come from squeezing more juice out of slowly rising sales.

Burberry's Sales Growth Slows Amid China Push

Burberry reported 11% sales growth in its second quarter year-over-year Wednesday, but compared to the first quarter, that marked a slowdown for the luxury fashion powerhouse, and shares fell. Burberry also said it expects full-year pretax profit to be in the top half of market expectations.

Greenhouse Spa Up for Sale as Women Shun Luxury Pampering

The Greenhouse Spa in the Dallas area is up for sale, a sign that luxury spas are struggling with a weak economy and competition from day spas. The spa, which counts Cindy Crawford and Grace Kelly among its former clients, charges $4,500 to $5,000 for a weeklong stay, The Wall Street Journal said.

Luxury Retailer Prada Considers Hong Kong IPO

Italian fashion label Prada is considering an IPO with primary listing in Hong Kong, rather than home-base Milan, accroding to reports. The luxury apparel and accessory company has scrapped four previous attempts at an IPO in the past 10 years, but now the time could be right.

What Hawaii Real Estate Says About the Economy

Who owns the 25 most expensive homes in Hawaii? The answer to that question provides a window into the changing nature of the U.S. economy by revealing which industries are producing mega-millionaires in an era of economic hardship.

August Retail Sales: Expect a Mixed Bag

Despite the searing weather and a lukewarm economic recovery, major merchants are expected to report growing retail sales in their August tallies on Thursday

Sea Island Resort Agrees to Sell Most of Its Assets

Luxury Georgia resort Sea Island Co. agreed to sell most of its assets to a group of investors including Avenue Capital Group and Oaktree Capital Management. The price of the transaction was not disclosed. Sea Island had earlier been close to an agreement to be bought by Avenue Capital and Oaktree in a deal worth about $200 million, Bloomberg News said

Luxury cruises lure with deals

With the recession dragging on, prices are plunging for cruises on high-end ships this fall and winter to popular ports of call, including the...

Coach Earnings Pop 34% on Strong Sales

Coach reported a 34% increase in its fiscal fourth-quarter earnings on Tuesday, as the handbags and accessories maker continued to see sales pick up in North America and China. Net income for the quarter rose to $195.5 million from $145.8 million a year earlier.

Travel Maze: Hungry Nights in Luxury Hotels

If you fly into many major U.S. cities late, don't count on getting room service at your high-end hotel -- or even finding a decent meal nearby: Late-night dining options are frequently off the table, even if you're staying at the best hotel in town.