The luxury market is witnessing significant transformations, with Tiffany & Co. at the forefront of these changes. The LVMH-owned jeweler has announced plans to downsize its flagship store in Shanghai amidst sharply declining sales in China, the world’s second-largest economy. This decision was reportedly influenced by a noticeable shift in consumer behavior and economic challenges […]
Phoebe Philo Launches Brick-and-Mortar Wholesale
Phoebe Philo’s eponymous label, backed by luxury powerhouse LVMH, is making a strategic pivot by integrating brick-and-mortar wholesale distribution into its business model. This shift towards physical retail will complement its initial strategy of launching as an online-only, direct-to-consumer brand. The decision not only offers new avenues for revenue generation but also enables the brand […]
Why Beauty Can’t Break Up With Anti-Ageing
The beauty industry is in a curious conundrum. Despite the increasing calls for more inclusive language, the term “anti-ageing” remains a consistently sought-after feature among consumers. The love-hate relationship with this phrase showcases deeper value systems within the beauty market and hints at a significant cultural shift that brands must navigate carefully. Historically, the term […]
Ulta Beauty Cuts Sales Outlook on Slowing Consumer Demand
In a recent update, Ulta Beauty Inc. revealed a significant adjustment to its sales expectations, attributing the change to a noticeable decline in consumer demand for cosmetics and makeup products. The company’s revised outlook now estimates net sales between $11 billion and $11.2 billion for the year, a decrease from its previous forecast of $11.5 […]
How Shoppers Get Luxury’s Most Exclusive Products
In today’s luxury market, shoppers are increasingly seeking ways to acquire hard-to-find items such as exclusive handbags, shoes, and watches. Traditional purchasing channels often fall short, prompting consumers to explore alternative routes like auction houses and specialized fashion sourcers. The demand for high-end products has surged, creating a vibrant market where exclusivity often drives consumer […]
