Tag: Luxury goods sector
-
Fall 2024 Luxury Industry Summary: From Trench Coats to Trendy Coffins
—
by
in Art, Automotive, Aviation, Beauty, Business, Cigars & Spirits, Design, DRIVE, Fashion, Gifts, Gourmet, Hi Tech, Holiday, LUST, Pets, SHELTER, Sport & Health, Watches|Jewelry, Yachts20 luxury industry news stories from Fall 2024: When the Rich Tighten Their Belts, It’s Designer Leather. The luxury goods sector faced a challenging Fall 2024, marked by a 2% decline in global sales—one of the weakest performances on record—driven by price increases and economic uncertainties that reduced the customer base. Despite this downturn, certain…
-
UK’s biggest Rolex dealer says sales rising despite Covid crisis
Watches of Switzerland says regional stores are performing better than those in London
-
Burberry to cut 500 jobs worldwide in £55m cost-saving drive
Plan, which includes 150 UK head office posts, comes as sales slump in Covid-19 crisisCoronavirus – latest updatesSee all our coronavirus coverage
-
£450k for trainers: why vintage fashion is the new smart investment
In a booming market for Birkins, Baguettes and ‘Lux Anaconda’ shoes, the traditional auction houses are getting in on the act
-
Selfridges seeks to offer ‘joyful experience’ as stores reopen
Upmarket retailer to provide personal after-hours shopping trips and DJs for queueing customersCoronavirus – latest updatesSee all our coronavirus coverage
-
Mulberry to cut 25% of global workforce as coronavirus hits sales
Luxury British brand launches consultation with 470 staff whose jobs are at riskCoronavirus – latest updatesSee all our coronavirus coverage