In LVMH’s recent earnings call reporting fourth quarter and year-end 2021 results, CEO Bernard Arnault took a victory lap. He reported record-breaking financial results, with revenues reaching $73 billion on organic growth of 36% over 2020 and 14% compared to 2019 and profit from recurring operations at $19.5 billion that doubled over 2020 and rose […]
Archive | February, 2022
Canada Goose Breaks Records This Winter As It Plans To Be a Brand For All-Seasons
As an outerwear brand that promises to protect its wearers against the worst that winter can throw at it, Canada Goose Holdings just reported it’s weathered the worst of the Covid pandemic and come out stronger. Boosted by third quarter 2022 revenues up 26.5% over previous year, Canada Goose is on track to exceed C$1 […]
Demand for Secondhand Luxury Is Booming and The RealReal Lit the Fuse
When Prince Charles hosted the recent G-20 event on climate change and the private sector, Julie Wainwright, founder and CEO of The RealReal, was asked to participate in a fashion and sustainability working group. HRH didn’t make the call, but no matter, it was a honor to be so honored. That put the noses out […]
Social Commerce Is the Next Shopping Revolution
The internet is undergoing a global social revolution. Nearly all of the 4.8 billion internet users worldwide are also on social media, some 4.5 billion people. That means 57% of all the people in the world are using social media. It’s made social media their front door to the internet. As of July 2021, social […]
Luxury Brands Have A New More Intentional Consumer
Against a backdrop brought on by the pandemic, including supply chain snags, rising inflation and on-going geopolitical turmoil, luxury brands face another challenge. The consumers who are emerging post-pandemic are coming to the luxury market with new priorities and expectations from luxury brands. “Customers tastes and interests have changed. Their attitudes toward shopping have changed. […]