Week 15 in Luxury: Kering's Q1 Slump, Retail Resilience, Tariffs Threaten Holidays, and Traditional Media's Enduring Influence
Welcome to the Week 15 edition of "This Week in Luxury," where we’ll bring you the latest developments in the world of luxury!
1. Kering sales drop 14% in Q1 as Gucci woes continue
Deputy CEO Francesca Bellettini talked about the creative transition at Gucci and Balenciaga during the group’s earnings call.
Read the full article here | VOGUE BUSINESS
2. Marketing 101 for the Unpredictable Year Ahead
Despite complaints around higher prices and concern over global uncertainty, consumer spending remains relatively resilient. To reach these cautiously confident shoppers in 2025, marketers should highlight value and remain consistent, yet agile, in their brand storytelling.
Read the full article here | BOF
3. Retail sales continue to grow in March
Retail sales rose for a third consecutive month in March by 0.4%, propelled by a 3.7% increase in clothing and footwear sales, the Office for National Statistics (ONS) has reported.
Read the full article here | DRAPERS
4. Walmart, Target, Home Depot tout productive meeting with Trump as tariffs threaten the holidays
New import duties are poised to raise prices in time for peak shopping periods, starting with back to school and Halloween.
Read the full article here | RETAIL DIVE
5. DESPITE BUZZ AROUND TIKTOK AND INFLUENCERS, TRADITIONAL MEDIA REMAINS A DRIVING FORCE IN THE BEAUTY INDUSTRY
Editorial content helps brands build authority and trust in the wellness category, according to a new Launchmetrics report.
Read the full article here | FASHIONISTA
That concludes this week's edition of "This Week in Luxury." Stay tuned for more updates on the world of luxury in the weeks to come!
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