Sales of Swiss-made luxury watches are in sharp decline as hesitant consumers reevaluate splurging on costly timepieces and demand drops in a crucial market. Recent figures from Richemont and Swatch Group AG highlight a severe downturn led by China, adversely affecting luxury fashion brands like Burberry, Hugo Boss, and Gucci. The double-digit decline in sales […]
Hugo Boss shares plunged to their lowest level since 2021 after the company slashed its profit guidance for the year, citing weakness in key markets such as China and the UK. The German high-end fashion brand now expects operating profit of around €350 million ($381 million) to €430 million in 2024, down from a previous […]
US retail sales, excluding the impact of a cyberattack on auto dealerships, rose in June by the most in three months, signaling a rebound in consumer confidence. Retail purchases less motor vehicles climbed 0.4 percent last month following an upwardly-revised 0.1 percent increase in May. Overall retail sales remained flat, hindered by a 2 percent […]
This week, ShopMy is introducing “Opportunities,” a novel feature that reshapes influencer marketing dynamics. Brands can now offer influencers a fixed monthly payment in return for a committed number of mentions across their platforms. Traditional influencer campaigns come with strict guidelines and messaging points. However, Opportunities posts are devoid of such constraints. Influencers are only […]
### Worldview: China’s Xiaohongshu Reaches $17 Billion Valuation Xiaohongshu, widely known as “China’s Instagram,” has recently reached a staggering $17 billion valuation following a new investment round. The funding was led by DST Global, a venture capital firm based in the Cayman Islands, marking a significant move by an overseas investor into China’s tech sector […]
Luxury brands are keenly investing in China’s art scene. Notable names like Chanel, Prada, Hermès, Loewe, and Louis Vuitton have been forming partnerships with local museums, artists, and art fairs. This initiative is part of their strategy to create buzz and attract customers in a market where luxury sales growth has slowed down. Take Chanel, […]
Elis Kiss will be the new editor-in-chief of Vogue Greece, taking over from Thaleia Karafyllidou, as announced by Kathimerini Media, the magazine’s publisher. Kiss has a rich history with Vogue Greece, joining in 2019 as fashion features director amid its relaunch after securing a licensing agreement with Condé Nast. Starting her career at the International […]
Adidas has once again upgraded its profit forecast, driven by the surge in popularity of its Samba and Gazelle sneakers. The brand anticipates full-year revenue growth at a high single-digit rate, better than the earlier mid-single-digit prediction. Full-year operating profit is now expected to reach €1 billion, up from an initial forecast of €700 million. […]
Can “Dupe” Fragrance Brands Make The Real Thing? Dossier, a brand recognized for its affordable fragrance imitations or ‘dupes’, has decided to branch out and introduce its own original scents. But can these originals rival the popularity of its imitations? The allure of dupes is that they offer smell-alike versions of high-priced luxury products at […]
Balenciaga Launches Apple Vision Pro App Balenciaga has released the first phase of an app for the Apple Vision Pro, a $3,499 headset computer that Apple debuted in the US in February. The app lets Apple Vision Pro users see exclusive drone views and stereoscopic footage of the luxury house’s Spring/Summer 2025 show, originally held […]
