Why Luxury Needs to Rethink How It Speaks to Gen-Z Luxury brands have long held a prestigious place in the market, catering to an audience that values quality, exclusivity, and status. However, as the landscape of consumer behavior continues to shift, many high-end brands are finding themselves facing a new challenge: connecting with Generation Z. […]
Apparel Prices Rose in August Amid Tariff Pressures
Apparel Prices Rose in August Amid Tariff Pressures In the ever-changing landscape of global trade, the apparel industry has recently found itself at the forefront of a significant shift in pricing dynamics. The latest data reveals that in August, apparel prices experienced their most notable increase since February. This surge comes as a direct result […]
Sotheby’s Commissions Slump by Nearly 20% as Luxury Falters
Sotheby’s Commissions Slump by Nearly 20% as Luxury Falters Sotheby’s, the renowned auction house synonymous with luxury and opulence, has recently found itself facing turbulent times. The company reported a pre-tax loss of $247.9 million, sending shockwaves through the art market and beyond. This significant downturn in fortunes comes as Sotheby’s grapples with a slew […]
The Great Fashion Reset | The Future of Multi-Brand Retail
The Great Fashion Reset | The Future of Multi-Brand Retail In the ever-changing landscape of fashion retail, the tides are shifting once again. Major luxury retailers like Saks and Ssense are facing challenges, grappling with changing consumer behaviors and the rise of e-commerce giants. However, amidst this turmoil, there is a glimmer of hope for […]
Byredo Owner Puig’s Profits Climb 79% on Tariff Pre-Orders
Byredo Owner Puig’s Profits Surge 79% on Tariff Pre-Orders Puig, the Spanish conglomerate behind renowned beauty brands like Charlotte Tilbury and Paco Rabanne, has recently reported a substantial 79% increase in profits. This surge in profitability can be attributed to a strategic move made by Puig in the lead-up to June. As global trade tensions […]
Lululemon’s Elusive Recovery Prompts Seven Analyst Cuts in a Day
Lululemon’s Elusive Recovery Prompts Seven Analyst Cuts in a Day Lululemon Athletica Inc., the renowned athletic apparel company, recently faced a significant setback as its shares plummeted to their lowest level since the onset of the pandemic. The catalyst for this downturn was the company’s decision to slash its outlook for both the third quarter […]
The Great Fashion Reset | When Will Luxury Bounce Back?
The Great Fashion Reset | When Will Luxury Bounce Back? The fashion industry has been facing unprecedented challenges in recent times, with the global pandemic sending shockwaves through the luxury market. As the world grapples with persistent economic pressures, key markets like China and the US have been significantly impacted, making it increasingly difficult for […]
US Holiday Spending Set for Steepest Drop Since Pandemic, PwC Survey Shows
US Holiday Spending Set for Steepest Drop Since Pandemic, PwC Survey Shows As the holiday season approaches, there is a notable shift in consumer behavior that is poised to impact retail sales significantly. According to a recent survey by PwC, US holiday spending is projected to experience its sharpest decline since the onset of the […]
The Great Fashion Reset: Can Designer Revamps Save Fashion?
The Great Fashion Reset: Can Designer Revamps Save Fashion? 2020 was a year of unprecedented challenges for the fashion industry. The global pandemic forced brands to rethink their strategies, adapt to rapidly changing consumer behavior, and find new ways to stay relevant in an increasingly digital world. In the wake of these challenges, many luxury […]
Levi’s Says ‘Anti-Americanism’ Linked to Trump Could Dent UK Sales
Levi’s Says ‘Anti-Americanism’ Linked to Trump Could Dent UK Sales In a surprising turn of events, Levi’s, the iconic American denim brand, has recently voiced concerns about the potential impact of ‘rising anti-Americanism’ on its sales in the UK. The company highlighted in its latest UK results filing that the ongoing repercussions of the Trump […]