Tag
#luxury
9 articles
Luxury Brands Lose 50 Million Customers in Two Years
The luxury goods sector grapples with a significant decline in its customer base. Over the past two years, the industry has lost around 50 million customers, marking the first contraction in shopper numbers in decades.
29 Nov 2024
Luxury Shame Hurting European Brands
In China, a notable shift in consumer behavior is underway as the country's affluent become increasingly cautious about displaying their wealth amidst economic challenges.
29 Jul 2024
China's Gradual Recovery
Official figures indicate that China's retail sales contracted by 0.2% in 2022, a stark contrast to the 8% growth recorded in 2019.
13 Oct 2023
Luxury Sales Cool
Recent credit-card data indicates a notable slowdown in U.S. luxury spending, especially among younger consumers who are feeling the impact of inflation.
02 Aug 2023
Luxury Slows Down, Just A Bit
LVMH's sales report for the first quarter revealed that wealthy consumers in the United States are reducing their purchases of high-end fashion and leather goods.
17 Apr 2023
Hermes, A Valuable Luxury Business
Hermès is a premium fashion house based in France that was founded in 1837. Leather products, lifestyle accessories, home furnishings, fragrances, jewellery, watches, and ready-to-wear are among its specialties. It has had a Duc carriage with horse as their emblem since the 1950s.
07 Mar 2022
Louis Vuitton Scales Up Manufacturing In France
The luxury group's sales, as well as those of its rivals Kering and Richemont, have risen dramatically as a result of rising demand for European fashion and accessories.
23 Feb 2022
Farfetch's Unconventional Luxury Ride
Farfetch is an online luxury platform that connects consumers with over 1,200 luxury boutiques across the world
30 Jun 2021
LVMH, Luxury's Growth Champion
LVMH is a French luxury conglomerate that has grown through an aggressive acquisition strategy, transforming it into the largest luxury group
30 Jun 2021
