Nordstrom Inc is set to open its first department store in New York City in 2018, ending a 25-year search for a spot on the luxury world's premiere stage.

Shares of Le Chateau Inc sank more than 15 percent on Monday after the Canadian fashion retailer posted a quarterly loss and an analyst downgraded the stock on doubts about the company's efforts to rebrand itself to a higher-end clientele.

Global sales of luxury goods should rise 7 percent a year through 2014, buoyed by a still-growing Chinese market and barring any major economic crises, Boston Consulting Group forecast on Tuesday.

High-end London-based jeweller Graff Diamonds on Monday launched the roadshow for its reported $1.0 billion initial public offering in Hong Kong, one of the biggest this year.

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.

To celebrate the launch of the Eau de Lacoste L.12.12 Rouge fragrance, Lacoste teamed up with Central Saint Martin's and challenged students to design original visual statements that encapsulated the fragrance and the brand's values and heritage.

Prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia.

The Jaguar E-type, an LED dress and Concorde lead visitors through the last 60 years of British design in this summer's flagship exhibition at the Victoria and Albert Museum.

Lithuania, where the delicate blue blossoms of linseed were once so abundant they became a staple of folk songs and poetry, has turned to imports as growing the plant at home has become too expensive.

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.

C&A has recruited Cindy Crawford to put her name to a collection by the brand, to be launched next season.

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.

Marni released on Thursday this video, entitled “L’Arte del Ritratto” (“The Art of the Portrait”), from filmmaker and photographer Francesco Jodice, featuring Marni’s first foray into the world of interior decoration – a series of chairs, part of an art installation, created for Milan’s Salone del Mobile.

Bouygues said on Monday that it had won a contract to refurbish the Ritz Hotel in Paris for 140 million euros ($183 million), as the city's old guard of luxury hotels struggles to maintain standards and win clients under increased competition.

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.