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In a Tough Year, Watch Execs Betting on Women, Heritage, South Asia

Watchmaking executives are expecting a tough year so they're betting on women as collections doubled down on heritage and expertise.

Can Kering Turn Things Around?

LVMH Shares Soar After Record Full-year Results

LVMH shares soared after the world's biggest luxury group reported record 2023 results.

Luxury slowdown prompts fears of inventory pile-up over key holiday season

Early holiday shopping season discounts from high-end fashion retailers like Bergdorf Goodman on New York's Fifth Avenue raised concern that a lacklustre Christmas could lead to inventory gluts –... -December 14, 2023 at 02:42 am EST - MarketScreener

Luxury Brands Brace For Lacklustre Christmas Amid Sales Slowdown, Inventory Pile-Up Fears Take Over

Luxury Slowdown Prompts Fears of Inventory Pile-up Over Key Holiday Season

Luxury brands brace for lacklustre Christmas amid sales slowdown

Spending on luxury goods remained negative in November, prompting fears of inventory pile-up over the main holiday season.

Fashion Retailers: Luxury slowdown prompts fears of inventory pile-up over key holiday season, ET Retail

Fashion Retailers: The latest U.S. credit card data from Barclays released on Wednesday showed that spending on luxury goods remained negative in November, down 15% year-on-year after a decline of 14% in October. That performance "doesn't bring much optimism" for the fourth quarter, with the weak trends in the U.S. reason for caution about the performance of luxury brands over the period, Barclays analysts said.

Luxury Slowdown Prompts Fears of Inventory Pile-up over Key Holiday Season

Early holiday shopping season discounts from high-end fashion retailers like Bergdorf Goodman on New York's Fifth Avenue raised concern that a lackluster Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image. The latest US credit card data from Barclays released on Wednesday showed that spending on luxury goods remained negative in November, down 15% year-on-year after a decline of 14% in October, Reuters said.

Why Banal Is Big in Fashion's Latest Campaigns