The soaring gold price did not lift chow tai fook.
Consumer rationality has increased.
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.
Chaoxun | Prada launches customized services, the miracle night cream of the sea blue mystery debuts, Descente RE:DESCENTE eco-friendly project goes online, Kao Keron children's line new product launches.
Prada's made-to-measure service is constantly refreshed according to the season, introducing different materials and details, and creating new silhouettes to reinterpret classic works with new ideas and ingenuity.
The ladies support Miu Miu.
The growth of luxury goods depends on the second-tier brands.
Chow Tai Fook Jewellery Group Limited Goes Ex Dividend Tomorrow
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.
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