Bain reports the luxury goods market retreated 2% in 2024. While recovery is expected next year, evidence in this year’s data suggests headwinds will continue in 2025.
Archive | November, 2024
Nike Must Repair Its Reputation Before Financial Performance Recovers
Nike’s reputation tanked after its Olympic ad misfired. It also faces new challenges from XX-XY Athletics about supporting female athletes that has gone viral.
5 Fewer Prime Shopping Days Puts Pressure On Retailers’ Holiday Plans
Retailers face a challenging year-end holiday season, complicated by the election, drop in consumer confidence and five fewer peak shopping days in 2024.
More Trouble For Gucci: Lawsuit Claims Unethical Animal Treatment In Supply Chain
A U.S. class-action lawsuit against Gucci claims exotic animals were abused for their skins and customers were deceived that its leather was ethically sourced.
