This year’s holiday shopping season looks to be somewhat muted. The National Retail Federation forecasts US holiday retail sales will grow around 3.5 percent, the …
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Slowdown
Beauty’s Slowdown Goes Global | BoF
The famous “Lipstick Index” theory of sales dictates that when consumers spend less on big-ticket handbags and jewellery, they’ll turn to beauty instead. By that …
Ralph Lauren Raises Outlook, Bucking Broader Luxury Slowdown
Ralph Lauren Corp. raised its outlook for the year, citing strong sales in Europe and Asia and expectations for a solid holiday shopping season. The …
The Beauty Slowdown Has Come for Indie Retailers
The woes of some of the beauty industry’s biggest names, like Ulta Beauty and Estée Lauder, have made recent headlines. But indie retailers are feeling …
Luxury Slowdown Could Last Longer Than Previous Crises, Chanel Watches and Jewellery President Warns
The biggest challenge for the luxury sector today is not the general macroeconomic context or the weakness of key markets like China, but customer fatigue …
Hermès Stock Defensive Trade to Counter Luxury Slowdown, Exane Says
Hermès International is a way for investors to shield themselves from a short-term downturn in the luxury-goods sector, according to BNP Paribas Exane analysts, who …
Lanvin Group Posts 20% Drop in Sales Amid Luxury Slowdown
Lanvin Group’s revenue decreased 20 percent year over year to €171 million ($191 million) in the first half of 2024. The company, like many operators …
Nivea Maker Beiersdorf’s Sales Grow Despite China’s Luxury Slowdown
“Our icon Nivea led the way with a double-digit sales increase combined with growth across all key regions and categories. These positive results more than …
Miu Miu Revenues Double In First Half, Bucking Luxury Slowdown
Prada’s red-hot Miu Miu label continues to buck slowing demand for luxury goods, with retail sales nearly doubling in the first half, the company reported …
Swatch Shakes Up Executive Committee as Luxury Slowdown Persists
Swatch Group AG is shaking up its executive management committee just months after the watch and jewellery maker faced investor calls for improved corporate governance. …
Chanel Defies Luxury Slowdown As Annual Sales Surge to $20 Billion
Chanel’s revenues rose 16 percent excluding currency shifts to $19.7 billion in 2023, the French luxury house said Tuesday. Price increases drove up sales by …
The Prada Exception: How the Trend-Setting Group Bucked Luxury’s Uneven Slowdown
Call it the Prada Exception. So far, the luxury slowdown has followed a pattern: Stalwarts of top-end, logo-free fashion like Hermès, Zegna and Brunello Cucinelli …
Hermes Defies Luxury Slowdown With Sales Jump in China
Sales at constant exchange rates jumped 17% to €3.8 billion ($4.1 billion) in the first quarter, Hermes International SCA said Thursday. This was more than …
Kering, Prada and Hermès Fill in the Blanks on Luxury’s Slowdown
LVMH usually kicks off luxury earnings season on a reassuring note. Not so this time. The conglomerate reported its fashion and leather goods business grew …
Swiss Watch Exports Struggle as Luxury Slowdown Persists
Swiss watch exports rose modestly in January as growth slowed and weak demand for luxury and mid-priced watches dragged on the sector. Monthly exports increased …
Luxury Slowdown Prompts Fears of Inventory Pile-up Over Key Holiday Season
Early holiday shopping season discounts from high-end fashion retailers like Bergdorf Goodman on New York’s Fifth Avenue raised concern that a lacklustre Christmas could lead …
Mytheresa’s Growth, Profits Slip Amid Luxury Slowdown
The luxury e-tailer saw modest growth as aspirational luxury consumers cut back on nonessential spending. In its first quarter of the year that ended in …
How Bad Will the Luxury Slowdown Get?
After a post-pandemic boom in luxury sales, it’s no longer a question of whether a downturn is coming, but how deep, and how long it …
Luxury Slowdown? Not So Fast
LONDON — The luxury industry was bracing itself for a week packed full of Q2 earnings from all the major players — LVMH, Kering, Prada, …
Hermès Sales Surge 28%, Defying Luxury Slowdown
Sales at Birkin bag maker Hermès accelerated in the second quarter, showing the resilience of global demand for the group’s high-end leather goods despite a …