NORTH AMERICA, FASHION

'Lipstick effect' hits China as economy slows

SHANGHAI (China Daily/ANN) -- When the economy declines, some people will start to buy inexpensive lipsticks or makeup that are not high-end items to make themselves feel good. People are more willing to spend on small indulgences such as cosmetics.... Read More | View Original Article

On fleeting Hong Kong trips, Chinese make frugal fashionable

By Donny Kwok and Lavinia Mo HONG KONG, May 20 (Reuters) - Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap... Read More | View Original Article

Jewellery expected to help Richemont to outshine peers

* Richemont to outperform luxury market - brokers * Jewellery is Richemont's fastest-growing segment * Focus on in-house brands rather than M&A - chairman By Silke Koltrowitz ZURICH, May 17 (Reuters) - Luxury goods group Richemont's strong position in... Read More | View Original Article

Global luxury goods market to cool in 2013: Bain

PARIS/MILAN (Reuters) - Growth in sales of luxury goods is expected to ease slightly this year, hit by subdued spending in Europe and slower growth in China, consultancy Bain & Co said in a study on Thursday. Bain, whose forecasts are closely watched... Read More | View Original Article

Global luxury goods market to cool in 2013 - Bain

* Bain sees 2013 luxury goods sales growth at 4-5 pct * Sees weaker demand in China, rebound in Japan and U.S. By Astrid Wendlandt and Isla Binnie PARIS/MILAN May 16 (Reuters) - Growth in sales of luxury goods is expected to ease slightly this year,... Read More | View Original Article

Exclusive: Financial sanctions delay North Korea's nuclear arms work - U.N

UNITED NATIONS (Reuters) - Increasingly tough financial sanctions, an arms embargo and other international restrictions on trade with North Korea have significantly delayed expansion of Pyongyang's illicit nuclear arms program, according to a confidential... Read More | View Original Article

US jewellery market seeing Sterling Jewelers lead by a small margin

The US jewellery market has been forecast to see its value sales grow at a compound annual growth rate (CAGR) of 11% over the next five years, to reach a market value of US$64 billion by 2017. Read More