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Ralph Lauren and Tapestry sidestep luxury slowdown: The two companies beat expectations thanks to brand elevation efforts that resulted in higher AUR.

Uniqlo, Ikea join luxury companies鈥� real estate spending spree: The two retailers snapped up prime space on Fifth Avenue to lock in their spots in a busy retail corridor.

Herm猫s鈥� strong Q3 performance makes it a luxury outlier: The company鈥檚 double-digit growth was in stark contrast to Kering鈥檚 slump, as weak global demand weighed on sales.

The bank expects to roll out more luxury experiences at 30 new financial center branches by 2026.

Only 47% of luxury consumers plan to spend the same or more on luxury goods over the next three months鈥攁n 11-point drop since January and the lowest level since tracking began in April 2023.

That鈥檚 forcing companies to lower prices to lure budget-conscious travelers and beef up their luxury offerings to strengthen ties with wealthier consumers.

LVMH fell short in Q3 as Chinese consumers鈥� pessimism hurt sales: The luxury conglomerate missed revenue expectations as economic uncertainty caused shoppers to pull back.

Amazon is also adding more premium and luxury brands. Department store Saks opened a new storefront on Amazon with a curated selection of luxury beauty and fashion items. Laura Mercier鈥檚 new storefront features exclusive bundles, limited-edition products, tutorials, and interactive questionnaires.

Tapestry鈥檚 advantages: Accounting practices notwithstanding, Tapestry is confident that its product array, affordable price point, and brand building efforts position it to continue growing despite falling consumer confidence and declining interest in luxury spending.

But in luxury goods, men are slightly ahead at 12.9% compared with 11.0% for women. The 45-to-54 age group leads online clothing purchases, while younger demographics dominate luxury and accessories. Gen Xers in the 45- to 54-year-old range report the highest percentage of online clothing purchases (82.7%), closely followed by 25-to-34s and 35-to-44s (both groups at 79.9%), per our survey with ESW.

A failed game plan: CEO John Idol鈥檚 plans to build a luxury conglomerate capable of rivaling European heavyweights are now dead in the water, as stiff luxury headwinds coupled with strategic missteps force Capri to pare its ambitions.

Luxury ecommerce is a tough place to play: That鈥檚 why Cartier owner Richemont is selling Yoox Net-A-Porter to Mytheresa鈥攐ne of the few platforms that has found sustained success.

Chinese consumers are showing a similar reluctance to spend鈥攐r even travel鈥攁broad, LVMH deputy CEO Stephane Bianchi told French lawmakers, a major problem for luxury brands heavily reliant on the cohort. Our take: While the temporary tariff reprieve gives China鈥檚 economy some breathing room, consumers are rightly wary of the impact from a prolonged trade war.

Even high-income consumers are beginning to rethink their spending, with many choosing to trade down or pull back on discretionary categories like dining out and luxury goods, according to an analysis of US consumer credit and debit card data by Consumer Edge. Given those pressures鈥攁nd taking tariffs into account鈥攚e expect retail sales to grow just 1.5% this year.

Our take: Macy鈥檚 diversified business, which includes everything from off-price to luxury, could help it stay relevant to a broader array of shoppers. At the same time, Macy鈥檚 is especially vulnerable to declines in discretionary spending, which is already under pressure as shoppers prioritize necessities amid uncertainty.

Luxury goods. Despite an affluent customer base, luxury brands are already feeling the pinch. LVMH Moet Hennessy Louis Vuitton鈥�, owner of Louis Vuitton and Dior, reported a 5% drop in fashion and leather goods sales in the Q1 2025, citing the 鈥渆conomic turmoil linked to tariffs.鈥�. Automotive and parts.

Hugo Boss鈥檚 diversified sourcing and supply chain flexibility give it an edge over less-prepared luxury peers鈥攁nd a more stable footing in an increasingly volatile market.

Shifting cardholders onto its Sapphire Preferred and the Gold card, for example, should instill a continuing sense of luxury without cardholders entirely.