This Week: Luxury’s Reality Check

Richemont gave the luxury sector some unexpected good news earlier this month, reporting a surprisingly strong 10 percent increase in fourth-quarter sales, including robust business in the US and Europe and a less-dire outlook for China. On Friday, Burberry also reported better-than-anticipated results, including a big uptick in its US business.

LVMH’s fourth-quarter earnings, due out on Wednesday, will either confirm that luxury’s rebound…