Shares of Burberry are down more than 18 percent this morning. The luxury retailer slashed profit forecasts and warned that the luxury goods market is headed for hard times.

Nationwide, home-building permits are at a four-year high. But coming off the Great Recession, is there a market for luxury homes?

Even as more people use their smartphones as to check the time, watch sales are rising at a healthy clip — especially on the luxury end

In recent years, sales at airports and other travel venues have risen far more quickly than at regular stores for many chains, prompting luxury retailers to focus on the travel market.

The luxury brand responsible for Louis Vuitton and Dom Perignon saw its sales grow 25 percent in the first quarter of the year. But it turns out, it isn't all because of those upscale products.

You'd think just owning a yacht would be enough of a luxury. But not for UK jeweller and designer Stuart Hughes, whose 98-foot yacht is now the e…