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Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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Luxury Goods Manufacturers Feel Financial Aftershocks

Luxury goods manufacturers are feeling the effects of the earthquake and tsunami in Japan, a key importer of the world's finest products


Financial aftershocks from the March 11 earthquake and tsunami in Japan have been reported in the quarterly earnings reports filed by the world’s producers of luxury goods.

The earthquake, which took place at the very end of the quarter, is expected to have an even bigger impact on company profits in the coming months.

Japan and China are the world’s largest consumers of luxury items – after the U.S. - with Japanese shoppers accounting for 11 percent of the luxury market, said The Guardian, a British journal.

Coach Inc., which markets modern classic American accessories, estimates that the events in Japan impacted their sales by about $20 million and cut earnings per share by about 2.5 cents for the fiscal quarter ending in March. The company projects the earthquake and tsunami will cause a total impact of 2 percent to Coach sales for the fiscal year ending July 2, 2011.

Automobile manufacturers and high tech companies continue to feel the impact from disruptions in supplies of parts and materials from Japan. Supply chain disruptions are predicted to hamper U.S. production and sales for as long as a year, and threaten to reduce company profits and lower the national gross domestic product.