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Queen Elizabeth's Commemorative Launer Bag Royally Boosts Sales

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Queen Elizabeth has been carrying Launer handbags since before Beyonce knew what a Birkin was, so it’s only right they make a commemorative one!

And of course it's boosting their profits.

The silver diamond edition jubilee bag has been flying off the shelves in the US and overseas since May, causing sales to jump by 55% since June!

Every year the Queen has four handbags made especially for her, with specific requirements, so no wonder she totes them around everywhere she goes!

The purses are so simple and chic, we can totally see why they sell like hotcakes, even if Queen Liz wasn’t holding one!

[Image via WENN.]

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Prada Has Best Year Ever! Profits Skyrocket!

Filed under: Business BlitzPrada

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Business continues to boom for Prada!

According to an earnings report released on Thursday, Prada's profits have soared, boosting a net income increase of a whopping $573.9 million or 72% in the year ending January 31.

Although its wholesale revenue declined 5.2%, retail sales were also up by 38 percent, as the luxury fashion house opened up 75 stores - upping the number of boutiques to 388.

In response to the great news, Prada is set to expand even further this year by adding additional stores, and upgrading current ones.

Congrats Prada, this is fantastic!

Now, can we barrow some money? Ha!

[Image via Ramey Pix.]

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Neiman Marcus Isn't Hurting For Money

Filed under: Business Blitz

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Neiman Marcus might as well change their name to Neiman Mar-CASH because they've got lots of it!

The posh retailer reported their net earnings for the first quarter ending October 29th doubled to $48.4 billion compared to a year ago.

Neimans also said sales jumped from $927 million to $1 BILLION.

Dayum.

[Image via AP Images.]

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Black Friday Sales Break Records!

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Those early hours and amazing deals paid off!

According to the National Retail Federation, Black Friday sales jumped 6.6% this year to $52 billion with the average shopper spending $400.

The NRF also expects strong sales from Cyber Monday, which ended up being 2010's biggest shopping day.

[Image via AP Images.]

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The Only Direction Burberry Sales Are Going Is Up!

Filed under: Business BlitzBurberry

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Burberry is having one helluva year.

The British label started out the year posting huge profits and 11 months later they continue to do so.

The company said sales to September 30th were up a whopping 29.4% or $1.34 billion.

Impressive. And to think it's not even the holidays yet!

[Image via AP Images.]

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The Future's Bright For Hugo Boss

hugo-boss-increases-midterm-profits.jpgHugo Boss says they're expecting to do much better in the next 4 years than previously expected.

The company raised their mid-term profits on Tuesday from $3.43 billion to $4.12 billion after sales increased 19% in the first 9 months of 2011.

Wow. And that's BEFORE the holidays too.

In an interview with WWD, CEO Claus-Dietrich Lahrs explained:

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Sales Are Way, Way Up For Victoria Beckham

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Victoria Beckham has 95 million reasons to celebrate the success of her own clothing line.

According to reports, the Victoria Beckham Collection is on track to earn Posh $95 million this year and that's before releasing her lower priced Victoria by Victoria Beckham line.

Dayum!

Congrats Miz Beckham!

[Image via Ramey Pix.]

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