On the surface, LVMH just reported very reassuring numbers in its third-quarter earnings update. Organic growth totaled 14% through the first nine months of 2023. However, the company took a 4% hit due to exchange rate fluctuations, so adjusting for that, sales advanced 10%, from $60 billion last year to $66 billion this year (€56.5 […]
Archive | Affluent Consumers
RSS feed for this sectionAspirational Consumers Pull Back, Driving Down Luxury Leaders’ U.S. Sales
The leading global luxury brands showed topline gains for the first half of the year, despite a drop in sales in the U.S., where aspirational consumers are stretched thin and have cut back on indulgent purchases. In most recent reporting, all but Kering showed outstanding topline gains – LVMH was up 15% to $46.5 billion […]
Quiet Luxury Has A Starring Role In ‘Succession’ With Norwegian Wool Part Of The Cast
The Succession series shows how the truly successful professional class dresses: in quiet luxury style. Norwegian Wool is brand that embodies that ethos.
Corporate Success: Keys To Managing Highly-Paid Professional Class Employees
Imagine tapping into the minds of America’s affluent workforce to uncover their secrets of success, satisfaction, and resilience. Would you find a treasure trove of wisdom waiting to be unleashed? In a compelling six-month exploration, the American Affluent Research Co. has delved into the professional lives of these high-net-worth individuals, deciphering the trends that drive […]
What Consumer Psychology Reveals About Our Urge To Splurge
Deloitte is out with new research that found the urge to splurge is universal, indulged in by nearly equal measures regardless of the consumer’s age, income or gender. Its survey, which spanned 23 countries and over 114,000 adults, found nearly 80% said they made at least one splurge purchase to lift their mood in the […]