Massimo Paloni’s Post

'How Hermès is bucking the global luxury slowdown 🌐👛📈 #Hermès #LuxuryRetail #MarketTrends #RetailInsights. Get detailed insights at databoutique.com, your largest source for public data 📊💻 #DataBoutique #DataAnalytics' by cnbc about Hermès

Brands focusing on exclusive, high-value products for ultra-wealthy consumers, such as Hermès, are performing better thanks to this clientele’s resilience to economic crises. Conversely, luxury brands that have become more accessible to the masses are struggling more. #LuxuryMarket #ConsumerTrends #EconomicInsights #BrandStrategy #Hermès #LuxuryBrands #MarketingStrategy

In the luxury sector, key players like LVMH, Kering, Hermès and Prada Group navigated diverse fortunes in the first half of the year. The luxury market's resilience hinges on trends such as sustainable consumption, cautious financial planning, and an evolving travel landscape. As the sector adapts to dynamic market forces, the allure of certain brands can be determined by a range of factors. FULL ARTICLE: https://lnkd.in/gGNSRVfD #retailinasia #retailnews #retailtrends #luxurygoods #salesinasia #luxury Subscribe to our bi-weekly newsletter: https://lnkd.in/dhj9z734

What's next for luxury? The industry continued to be polarised in the first quarter, says Luca Solca, managing director of luxury goods at Bernstein. “High-end brands are doing better (Hermès, Brunello Cucinelli), as well as brands with strong momentum (Moncler, Miu Miu). Brands with high exposure to middle-class consumers are the polar opposite of that (Gucci, Burberry). Mega-brands (Louis Vuitton, Cartier) are somewhere in between.” After a challenging end to the year, #luxury’s slowdown continued in the first quarter as challenges persisted for many in China. While there were success stories, some brands — especially those with a more aspirational customer — are battening down the hatches. Here, #VogueBusiness recaps Q1.

Luxury Resale and Advanced Purchasing Enhanced Hermès Performance while reducing CO2 emissions and supporting ESG goals. There is a common perception that luxury resale and advanced purchases harm luxury brands. This is not true. Hermès has seen record share price growth and recently became the second most valuable luxury company. Hermès's overwhelming success is partly due to the growth of the #luxury resale market in its products and the need to advance purchase its top products with loyal purchasing patterns and waiting times. Because it is so difficult to purchase a Hérmes handbag, with pre spend requisites and waiting lists of up to 6 years, may shoppers have chosen to purchase pre-owned or advance purchase highly desirable products. For the last few years Hérmes has been increasing the prices of their handbags consistently while building out their community of loyal customers. This is partly because of the demand on the luxury resale market and the desire for luxury consumers to be part of an exclusive community that aggregates and respects their preferences. Luxury #resale and #advancedpurchasing are allowing Hérmes to increase prices, profit, create more desire from customers, enhance their brand and boost their #share price. Florian CRAEN, charlotte david, @Olivier Fournier #Hérmes, #shareprice, #inventory #scarcity #advancedpurchasing, #impact #esg

The luxury industry performance continues to be polarised in the first quarter of 2024 : “High-end brands are doing better (Hermès, Brunello Cucinelli), as well as brands with strong momentum (Moncler, Miu Miu). Brands with high exposure to middle-class consumers are at the polar opposite of that (Gucci, Burberry). Mega-brands (Louis Vuitton, Cartier) are somewhere in between.” The industry performance is expected to further decelerate in Q2 before improving in the second part of the year .

Hey, did you know that CHANEL and Hermès are totally dominating the preloved luxury handbag scene, and I mean, big time? According to Fantum Research, these two fashion giants are killing it when it comes to sales. Even though other brands have shown more enthusiasm into selling second-hand stuff, CHANEL and Hermès are still on top, which is pretty impressive considering they abhor the idea of selling 2nd hand anything with their name on it. Maybe it's because of how exclusive and dedicated they are to making top-notch products that people go crazy for them. In my opinion, it's all about their history, eye for detail, long-lasting quality, and the amazing materials they use that make them stand out. What do you think makes them so dominant? Drop your thoughts below and let's chat some more about it! And hey, don't forget to follow Fantum Research for more cool insights on the luxury second-hand market. #LuxuryFashion #SecondHandMarket #CHANEL #Hermès

For this piece, I spoke to luxury experts Carol Hilsum, Ida Petersson, Fflur Roberts, and Thea Gausen for Drapers, unraveling how luxury brands such as Miu Miu and Hermès have succeeded in defying the ongoing sector slowdown.

🆕 For highly original, data-led analysis of the extent and implications of a luxury slowdown, check out the latest Fashion Strategy Weekly Briefing. In this week's post, our FSW Markets team digs into the data behind the narrative of the luxury slowdown. We investigate the breadth and depth of the luxury slowdown now that we are mostly through the July to September earnings season and then highlight some winners and losers now that the post-pandemic supercycle has ended. We also look into the potential impact of these cyclical developments on content strategy and sustainability in luxury. https://lnkd.in/e2CeuCe2 #luxury #luxurystrategy #contentstrategy #luxuryeconomics #retaileconomics #luxuryfinance #retailfinance #economics

The Economics of Exclusivity: Why Some Luxury Brands Can Increase Prices As we navigate through post-pandemic recovery, an intriguing trend emerges in the luxury goods market. Despite global economic pressures like inflation and supply chain disruptions, some luxury brands are not just surviving; they're strategically thriving by increasing their prices. Why, you might ask, would brands like CHANEL, Prada Group, and Hermès choose to raise prices in such times? The answer lies in exclusivity. Higher prices not only communicate the prestige of a brand but also making these products' desirable goods, where higher prices drive higher demand. In 2020, Prada raised its prices by 13%, while Chanel's iconic handbags saw a price jump of almost two-thirds since late 2019. These aren't just small increases; they're carefully strategized to bolster brand prestige and market position, distancing from more broadly accessible potentially struggling luxury brands. This strategy extends beyond pricing to control product availability and market presence. However, luxury isn't just about high prices or scarcity. It's about heritage, craftsmanship, and superior consumer experience that justify these price tags. In an era of fast fashion, luxury brands propose an alternative: buy less, buy better. This philosophy supports sustainability and offers a counter-narrative to disposable consumer culture. As the top-tier luxury market continues to evolve, it will be interesting to see how these strategies will sustain long-term brand desirability and customer loyalty. #LuxuryBrands #MarketingStrategy #BusinessTrends #Sustainability #FashionIndustry #MODUM