Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
consumer-spending
Luxury
Don’t Believe the Hype: Exclusivity Still Matters
Demand for luxury fashion is deeply rooted in exclusivity. The rise of millennials and the industry’s recent use of inclusivity in its marketing narratives does not change this, argues Luca Solca.
Don’t Believe the Hype: Exclusivity Still Matters
Demand for luxury fashion is deeply rooted in exclusivity. The rise of millennials and the industry’s recent use of inclusivity in its marketing narratives does not change this, argues Luca Solca.
Retail
US Retail Sales Rise More Than Expected in August
Consumer spending, which accounts for more than two-thirds of the economy, increased at a 4.7 percent annualised rate in the second quarter, the most in four and a half years.
US Retail Sales Rise More Than Expected in August
Consumer spending, which accounts for more than two-thirds of the economy, increased at a 4.7 percent annualised rate in the second quarter, the most in four and a half years.
Retail
UK Consumer Spending Growth in 2019 to Be Slowest in Six Years
Consumer spending benefited from robust employment growth and a strong pick-up in real earnings growth in the second half of 2018 and early 2019, but the outlook is now weaker.
UK Consumer Spending Growth in 2019 to Be Slowest in Six Years
Consumer spending benefited from robust employment growth and a strong pick-up in real earnings growth in the second half of 2018 and early 2019, but the outlook is now weaker.
News & Analysis
US Consumer Spending Hasn’t Changed Much in 30 Years, With One Exception
"While retail prices overall have risen in the US, clothing hasn’t kept pace."
US Consumer Spending Hasn’t Changed Much in 30 Years, With One Exception
"While retail prices overall have risen in the US, clothing hasn’t kept pace."
Retail
Apple, Louis Vuitton, Gucci Drop China Prices for VAT Cuts
Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.
Apple, Louis Vuitton, Gucci Drop China Prices for VAT Cuts
Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.
Beauty
PZ Cussons Sees Lower Profit as Africa Challenges Mount
The owner of Imperial Leather, Original Source and St Tropez has been struggling to turn around its African business, which contributes over a third of its revenue.
PZ Cussons Sees Lower Profit as Africa Challenges Mount
The owner of Imperial Leather, Original Source and St Tropez has been struggling to turn around its African business, which contributes over a third of its revenue.
Retail
UK Consumer Spending Falls by Most Since July
Expenditure on clothes, recreation, transport and communication all dropped by more than 2 percent in November compared with a year earlier.
UK Consumer Spending Falls by Most Since July
Expenditure on clothes, recreation, transport and communication all dropped by more than 2 percent in November compared with a year earlier.
Entrepreneurship
French Consumer Confidence Falls to Lowest in Three Years
Concerns over unemployment and inflation caused by rising oil prices makes French consumer confidence take a tumble.
French Consumer Confidence Falls to Lowest in Three Years
Concerns over unemployment and inflation caused by rising oil prices makes French consumer confidence take a tumble.
Retail
Blockbuster Cyber Monday Is Overshadowed by Economic Outlook
Despite record spending on Cyber Monday, rising interest rates and an escalating trade war mean US retailers are still facing squeezed profit margins.
Blockbuster Cyber Monday Is Overshadowed by Economic Outlook
Despite record spending on Cyber Monday, rising interest rates and an escalating trade war mean US retailers are still facing squeezed profit margins.
Retail
Chinese Shoppers Crave Experiences With Their Bags
Generation Z customers in China are looking for more than just purchases on their shopping trips, says LVMH.
Chinese Shoppers Crave Experiences With Their Bags
Generation Z customers in China are looking for more than just purchases on their shopping trips, says LVMH.
Luxury
Hedge Fund Successfully Bets on Luxury Appetite Falling
Asian hedge fund gains almost 16 percent as other suffer amid Chinese luxury spend slow down.
Hedge Fund Successfully Bets on Luxury Appetite Falling
Asian hedge fund gains almost 16 percent as other suffer amid Chinese luxury spend slow down.
Retail
New Asian Shoppers Drive Japan’s Travel Retail Boom
Big spenders from Indonesia, Thailand and Vietnam are making their mark on Japan’s travel retail market during peak tourist seasons like ‘hanami’ and ‘koyo’.
New Asian Shoppers Drive Japan’s Travel Retail Boom
Big spenders from Indonesia, Thailand and Vietnam are making their mark on Japan’s travel retail market during peak tourist seasons like ‘hanami’ and ‘koyo’.
The News in Brief
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.