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.
Source: wwd.com
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LVMH Shares Soar After Record Full-year Results
LVMH shares soared after the world's biggest luxury group reported record 2023 results.
Source: wwd.com
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
Source: marketscreener.com
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.
Source: livemint.com
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.
Source: indiatimes.com