Archive | Affluent Consumers

RSS feed for this section
pexels-leandro-alamino-3906592

Women Are Losing CEO Seats In Retail

From the sales floor to the C-suite, the retail industry is facing an unprecedented employment crisis, and none as pressing as the spate of CEO vacancies. While board members step in during the CEO interim, they’ve apparently gotten tired of wearing two hats; the pace of selecting a permanent CEO has picked up.Now HiringSome 39 […]

Unknown

J.McLaughlin: Out Of The Shadows Into The Fashion Spotlight

J.McLaughlin started as a men’s haberdashery shop on Manhattan’s Upper East Side in 1977. Opened by brothers Jay and Kevin McLaughlin, the store was designed to fit into its upscale neighborhood with classic men’s fashion that fit right in too.Originally, J.McLaughlin dressed men, but early on, women asked for the same fashion sensibility for themselves. […]

Comments Off on J.McLaughlin: Out Of The Shadows Into The Fashion Spotlight Continue Reading →
joel-muniz-S35L8gdaHxA-unsplash lvmh

Hitting The Wall? Luxury Market Leader LVMH’s Growth Slows

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 […]

Comments Off on Hitting The Wall? Luxury Market Leader LVMH’s Growth Slows Continue Reading →
earl-wilcox-NcYyGjl9Ygk-unsplash

Aspirational 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 and […]

Comments Off on Aspirational Consumers Pull Back, Driving Down Luxury Leaders’ U.S. Sales Continue Reading →
1

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.

Comments Off on Quiet Luxury Has A Starring Role In ‘Succession’ With Norwegian Wool Part Of The Cast Continue Reading →