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Giorgio Armani to Retire Soon?

by Bee-Shyuan Chang Wed, Oct 28th 2009

Giorgio Armani founded his company in 1975, and it appears he may be ready to pass the baton. The 75-year-old designer, who hosted a cocktail party at Moscow's GUM department store last night, is finally talking about his succession, reports WWD. read more

Not Buying Luxury Goods? Blame Guilt

by Lesley Kennedy Thu, Oct 22nd 2009

Do you feel a little knot in your stomach each time you decide to drop some -- or a lot -- of your hard-earned dough on designer duds? Gulp. You may be experiencing the latest shopping symptom: Buyer's guilt. Guilt, it seems, is seriously hurting sales when it comes to the luxury market, reports the Wall Street Journal. In fact, according to at least one executive, it's the number one thing keeping people from shopping right now. read more
 
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