Shares of Tumi Holdings Inc, which makes luxury baggage and travel goods, rose as much as 23 percent, after it raised its full-year expectations, prompting at least one brokerage to upgrade the company's stock.
The Chinese central government has issued a new law on lavishness aimed at public officials. Effective this October, the regulation applies to cars, hospitality and travel, but signals an overall trend.
The price for staking ground on Manhattan's Fifth Avenue jumped 22 percent in the past year, spurred by a record number of tourists spending their dollars at top U.S. and international retailers on America's most coveted shopping ground.
U.S. consumer confidence surged in the first quarter to its highest in more than four years as the economy improved, contrasting with still very low morale among debt-laden euro zone countries, a survey showed on Monday.
Take a trip around Knightsbridge at the moment and you'd be forgiven for thinking you've stepped straight back into the 1950s...Harvey Nichols have unveiled their latest window display installations in celebration of the Queen's Diamond Jubilee, transforming their façade into the classic British high street.
Carrefour, Europe's biggest retailer, plans to take on 3,000 new employees in Spain in 2012 with the opening of new shops, a newspaper said on Friday, citing the head of the company's Spanish activities, Rafael Arias-Salgado.
2011 was largely positive as far as zero-rated purchases made by foreign tourists in France are concerned, mainly thanks to Chinese tourists. And 2012 has already got off to a good start, according to data from Global Blue.