Evidenced by low-single-digit rates, collections from the U.S. fashion group are resonating in regions where other luxury players are instead facing sales declines.
In North America, the segment's sales declined at a compound annual rate of 6 percent from 2018 to 2023, surpassing the 5 percent lost annually from 2012 to 2017.
Luxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.
Housed within a historic building, regional shoppers may soon flock to Rodeo Drive to tour the French fashion label's first permanent retail hub in Los Angeles.
According to real estate marketplace Zillow, the average value of a high-end property is up nearly 4 percent year-over-year, beating the general market, which rose by 3.2 percent.