Luxury Daily, Nov. 11, 2021 – Future of luxury investment: it is a seller’s market
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Consumers’ attitudes about the holiday season, ranging from anticipation to apathy, can directly impact their shopping behavior.
Italian fashion house Versace is inviting its audiences to indulge in the holiday spirit and seasonal luxuries with a new film campaign and gift guide.
LVMH-owned apparel and accessories label Loro Piana has a new chief executive officer.
While pent up desire for socializing and spending on holiday experiences will likely drive positive growth for retail, the majority of these gains will come from high-income shoppers.
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“Conscious” fashion consumers are increasingly gravitating towards upcycled pieces and alternative materials, according to data from global fashion shopping platform Lyst.
Indeed, the only element of guidance the group has ever offered is its commitment to taking market share.
Recent developments have pushed some independent brands into bankruptcies, while others lost revenues because of an unexpected shutdown of consumer activity.