Luxury

LVMH ‘Extremely Optimistic’ on China as Luxury Sales Leap

LVMH ‘Extremely Optimistic’ on China as Luxury Sales Leap
LVMH ‘Extremely Optimistic’ on China as Luxury Sales Leap
April 13, 2023  |  Retail

Consumer desire for luxury goods in post-COVID China has meant good news for LVMH. The Louis Vuitton owner on Wednesday (April 12) reported a 17%...

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Why Shein Thinks Quiet Luxury Will Drive More Sales
Why Shein Thinks Quiet Luxury Will Drive More Sales
April 12, 2023  |  Retail

In recent years, the concept of quiet luxury has become a trend in the fashion industry. The term refers to the subtle but expensive garments...

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Constellation Brands Bypasses Stores to Boost High-End Liquor Sales
Constellation Brands Bypasses Stores to Boost High-End Liquor Sales
April 06, 2023  |  Earnings

As many consumers pull back, Constellation Brands is leveraging D2C to attract higher-income customers. The beer, wine and spirits giant, parent company of a wide...

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Luxury Watch Brands Go Digital to Target Young Consumers
Luxury Watch Brands Go Digital to Target Young Consumers
April 06, 2023  |  Retail

How do you convince a generation unused to wearing wristwatches to change their habits? If you’re a luxury brand like Rolex and Cartier, you apparently...

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The RealReal Adds Concierge Team and Data Sources for Consignors
The RealReal Adds Concierge Team and Data Sources for Consignors
March 29, 2023  |  Retail

The RealReal has added resources to help consignors do business on the luxury resale marketplace. The firm has enhanced its consignment service model and added...

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Luxury Brands Take eBay Style Pricing Model for Test Drive
Luxury Brands Take eBay Style Pricing Model for Test Drive
March 28, 2023  |  Retail

“Not for you — for everyone,” that’s Telfar’s tagline. It’s a sentiment the luxury label is looking to further through its latest live pricing strategy,...

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The RealReal Sharpens Focus on Consignment, Shrinks Direct Business
The RealReal Sharpens Focus on Consignment, Shrinks Direct Business
March 24, 2023  |  Retail

The RealReal is reportedly shifting resources from its direct business to its luxury consignment business. One casualty of this move is the beauty products category....

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Hermès Brings Scarcity Model to the Beauty Industry
Hermès Brings Scarcity Model to the Beauty Industry
March 23, 2023  |  Retail

Following a 15% increase in beauty and perfume sales last year, luxury fashion house Hermès is expanding its beauty category with all-new products. The luxury...

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