PwC predicts that china's luxury goods market will leap to the top of the global ranking by 2030.
PwC predicts that by 2030, China will become the world's largest individual luxury goods market with a market size of $148 billion. Intergenerational wealth transfer, new customer development, the rise of experiential luxury goods, hainan's high growth potential, and the improvement of online and offline services will all drive this growth.
Birks Group Announces 2024 Annual Meeting
A difficult Q2 report card for luxury goods: zero revenue growth, price increases and promotions together, with Hermès "holding up the roof".
Bank of America Merrill Lynch stated that the second-quarter weighted average income of the luxury goods industry recorded zero growth, the lowest in fifteen quarters, and also showed trends such as brand polarization, negative growth in hard luxury income, and deteriorating demand in the USA.
Full-line decline! Is the way out for LVMH to "sink"?
Industry indicators show that LVMH's sales growth was lower than expected, and on Wednesday global luxury goods stocks fell. Analysis suggests that while high-end luxury goods manufacturers have far better performance than companies primarily targeting the middle class, in the long run middle-class consumers are still the main customer group for big brands. Some brands have already started quietly lowering prices in hopes of winning back middle-class consumers.
Birks Group | 20-F/A: Registration statement / Annual report / Transition report (Amendment)
Birks Group GAAP EPS of -$0.24, Revenue of $185.3M
Express News | Birks Group FY EPS C$(0.24) Up From C$(0.40) YoY, Sales C$185.28M Up From C$162.95M YoY
Press Release: BIRKS GROUP INC. REPORTS FISCAL 2024 RESULTS
Express News | Birks Group Inc. Reports Fiscal 2024 Results
Birks Group Inc. Reports Strong Fiscal 2024 Growth
Birks Group | 6-K: Report of foreign private issuer (related to financial reporting)
Birks Group | 20-F: FY2024 Annual Report
12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session
FSR and GOEV Among Consumer Discretionary Movers
YUMC and REAL Among Consumer Discretionary Movers
Birks Group Sees 8.1% Increase in Net Sales During Holiday Period
Birks Group Holiday Sales Jump 8% Compared to Last Year
Birks Group Reports 8.1% Holiday Sales Boost
Birks Group GAAP EPS of -C$0.08, Revenue of C$87.8M
Express News | Birks Group Reports Sales Growth Of 9.7%, Comparable Store Sales Growth Of 4.3% In Twenty-six Week Period Ended September 23, 2023
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