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 …
Slowdown
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 …
Ermenegildo Zegna Sidesteps Luxury’s US Slowdown
Ermenegildo Zegna Group sales are bucking luxury’s North American slowdown. The company’s US revenue hit €157 million ($173) in the first half of 2023, up 26 …
JD Sports Says Still on Track Despite North American Slowdown
JD Sports Fashion said there had been some softening in trade in its North American business in June, which would be offset by growth in …
How Some Brands Are Beating the Retail Slowdown
If America’s economy is in a slump, someone forgot to tell its biggest fashion retailers. Coach-owner Tapestry Inc. shares soared Tuesday after the company posted …