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Luxury Sales Continue To Improve

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2010 is proving to be a great year for luxury sales.

Like Selfridges, UK department store Harrods says their figures are up way up compared to last year.

Managing director Michael Ward boasts:

"This year has been the year of the French fashion brands. Chanel is doing phenomenally well. And then Louis Vuitton, Dior, Lanvin - all the big, beautiful brands."

Thanks to these posh brands, Harrods annual sales have grown to over $1.5 billion, which is $230 million more than 2009.

Wowsa!

[Image via Abaca USA.]

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LVMH's Sales Are Up!

Filed under: LVMH

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Good news for luxury retailers!

LVMH is reporting an 11% increase in total sales in the first quarter. They also boast sales were up 10% in fashion, 12% in cosmetics, 20% in booze and 34% in jewelry.

Time to celebrate! Pop that bottle of Moet et Chandon!

[Image via Getty Images.]

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