Inside Retail US’ Post

Some Luxury Brands Have Priced Themselves Out of Reach. Sales growth at designer fashion labels is becoming more polarized. Aggressive price moves help explain why. https://lnkd.in/e5sQPEGW #tradeguard #receivableputoptions #arputs #receivableputs #tradereceivables #accountsreceivables

Burberry the iconic British luxury fashion house, faces a challenging road ahead. Amid a global slowdown, particularly in key markets like China and the US, Burberry warns of a dip in annual revenue and profit margins. The brand anticipates a significant 25% fall in wholesale revenue in the early half of FY2025. The silver lining? A strategic pivot towards reinforcing its legendary offerings, such as the timeless trench coat, coupled with ramped-up marketing efforts aimed at bolstering brand engagement and recognition in these critical markets. While Burberry and Gucci navigate these turbulent waters, competitors like Prada and Hermès are riding high on sustained luxury demand. It's a reminder of the shifting currents in the luxury sector, where targeting the premium segment becomes ever more vital. #FashionIndustry #Luxurybrand #Luxury

Luxury footwear and accessories brand Manolo Blahnik posted a 30% fall in pre-tax profit to €15.4m (£13.1m) in 2023, impacted by the downturn in luxury spending. Kristina Blahnik, CEO of Manolo Blahnik, said: "As expected, in 2023 our performance rebalanced off the back of an extraordinary year of sales and consumer demand in 2022, and in light of the challenging macro-economic and geo-political environment." Read more below. #ManoloBlahnik #Manolos #luxuryfashion #luxuryfootwear #retailsales #retailnews

Share your thoughts on the following : ThredUp's 2024 Resale Report estimates that the global secondhand luxury fashion market will grow to $350 billion by 2028. Luxury resale, in particular, is experiencing significant growth driven by the rising demand from younger generations, especially Gen Z, who prioritize affordability and sustainability. Additionally, digital platforms offer privacy and convenience, making it easier for consumers to purchase secondhand items. These platforms also serve as discreet channels for brands to clear out inventory. A key player in this space is TheRealReal.com, which closed 2023 with approximately $600 million in revenue. Do you think this sector will continue to grow in the Middle East? Share your thoughts

Luxury Fashion Industry - Mindset, Challenges and Tech Opportunities. JULY 20024 According to the International Market Analysis Research and Consulting Group (IMARC Group), the global luxury fashion market size ascended to US$ 245.5 Billion in 2023 and is projected to soar to US$ 327.1 Billion by 2032, demonstrating a CAGR of 3.14% during 2024-2032.

Sales updates from Europe’s big luxury brands have offered scant reassurance that Chinese demand for high-end fashion is recovering, leaving a cloud over the outlook for the industry. The luxury industry had predicted a challenging first quarter compared to the same period last year, when business surged after China lifted stringent Covid lockdowns. Fashion brands like CHANEL, Hermès and LVMH’S Louis Vuitton are seen by analysts as placed to reinforce their footholds in China during a period of slow growth because their base of older, wealthy clients is less vulnerable to economic headwinds. They can thus invest more in marketing events and expanded, higher quality, retail spaces. Full article: https://lnkd.in/dkivwr2E Inside Retail Asia

Luxury industry players have had a tough year, but there's some good news coming out of the LVMH group. Shares soared on Friday after the owner reported a revenue growth of 13%, exceeding analyst forecasts. Fashion and watches experienced growth of 14% and 7%, respectively. Let's hope this is a sign of better things to come for the industry. #LVMH #luxuryindustry #revenuegrowth #fashion #watches https://lnkd.in/dwqPwiGt

New blog article 📝 How Is The Luxury Market Accelerating Growth For 2024? Prospects for luxury look better in the coming months than for the wider fashion sector in an otherwise uncertain market. The accelerated growth luxury retailers have experienced can be attributed to a few of the factors highlighted in this blog. Written by: Alexander Otto, Head of Corporate Relations at Tradebyte Read the full article here 👉 https://lnkd.in/eq5bctuD

The future of the luxury fashion sector is clouded by the lack of certainty provided by sales updates from Europe's major luxury brands regarding the recovery of Chinese demand for high-end fashion. #luxuryhome #fashionindustry #brands #fashionindustry #fashionupdates #fashionnews Read More: https://lnkd.in/g8ANq4-t