Daily LInks
1. 70% of US Consumers Buy Luxury Goods Each Year, With an In-Store Experience Preferred. 70 percent of U.S. consumers purchase luxury goods annually, with a strong preference for in-store shopping experiences, signaling the continued value of physical retail in the high-end market. – Read More on Morningstar
2. TheRealReal Veteran Takes Reins as CEO. A seasoned executive from TheRealReal has been appointed CEO, bringing extensive industry knowledge to lead the company’s next phase of growth and innovation in the luxury resale market. – Read More on CSA
3. Forget China, Fashion Empires Are Facing an Even Greater Risk from ‘Luxury Fatigue’ According to Chanel Exec. A Chanel executive’s warning that “luxury fatigue” could pose a larger threat to the industry than market dependence on China emphsaizes the need for brands to adapt to changing consumer attitudes toward high-end spending. – Read More on Fortune
4. Louis Vuitton Bag Refurbishment Turns Costly as Court Orders 15 Million Won in Damages. Louis Vuitton was ordered to pay 15 million won in damages after a customer’s handbag refurbishment turned into an expensive legal case, highlighting the potential risks of brand-managed repairs. – Read More on Korea Times
5. How Will Weight Loss Drugs Like Ozempic Affect the Plus-Size Fashion Industry? The potential impact of weight loss drugs like Ozempic on the plus-size fashion industry may shift and how brands adapt to evolving body image trends and consumer needs. – Read More on Glossy