In today’s ever-changing luxury market, Hermès is encountering significant challenges that threaten to shake its long-standing reputation for resilience. The iconic Birkin bag maker is projected to report its weakest quarterly revenue growth since late 2021 when it releases third-quarter sales figures this Thursday. Industry analysts are closely watching this development, as it may indicate […]
Allegro Expands Operations to Hungary: A New Chapter in E-Commerce Growth
Polish e-commerce platform Allegro has made a significant leap in its expansion strategy by officially launching operations in Hungary. This move is poised to tap into a potential market of around 10 million new customers, as the company seeks to solidify its presence in Central Europe. Allegro’s entrance into Hungary marks the latest step in […]
Luxury’s Soft Patch Will Be Short
Luxury sales are currently facing a challenging environment, leading some observers to wonder if the sector’s price-value equation is faltering. However, the reality is more nuanced. The perceived decline in luxury sales is often mistaken for a structural failure of the sector; instead, it primarily stems from macroeconomic fluctuations. Over the past 25 years, I […]
US Retail Sales Post Surprise Gain, Helped by Online Stores
In an unexpected turn for the retail sector, US retail sales saw a modest increase of 0.1 percent in August. This rise can largely be attributed to a surge in online purchases, overshadowing mixed outcomes across other retail categories and a notable downturn in receipts at gas stations. These statistics, drawn from the Commerce Department’s […]