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- Luxury Lethargy Sets In As The Market Braces For Up To A 5% . . . - Forbes
Luxury goods market faces a potential 5% drop, its worst downturn since 2009 (excluding 2020) Consumers, disillusioned by post-pandemic price hikes and stagnant creativity, are detaching from brands
- Morgan Stanley’s Top 50 Watch Brands for 2024, Rolex Still by far the . . .
First, not only the combined estimated turnover of the top 50 brands has contracted over the course of 2024 – from 36,127 billion CHF to 35,258 billion CHF – but what impresses is the number of units sold, which moves from close to 16 million units to now a tad over 13 million units
- Tudor sales slump by 23% but Rolex turnover ticks up 5% to CHF 10. 6 billion
But Rolex’s stablemate, Tudor, endured a dramatic 34% drop in sales from CHF 545 million in 2023 to CHF 360 million last year WatchPro graphic produced using data from Morgan Stanley and LuxeConsult’s annual review of the Swiss watch industry
- Luxury confronts slowdown amid economic headwinds and market . . .
As these disruptive forces converge as headwinds for luxury businesses, the report cautions that turbulence may be luxury’s new baseline for an extended period – and that the €1 5 trillion revenue industry faces its first slowdown since the global financial crisis of 2008-09, excluding the temporary shock of the Covid-19 pandemic
- Volatility weighing down luxury watch market - Luxury Daily
French luxury conglomerate LVMH’s watches and jewelry segment posted the third highest revenues of any of its categories at the end of 2023, supporting a near double-digit percentage sales growth compared to the previous year Consumers from the APAC region were responsible for more than 30 percent of all sales
- Luxury Market Faces First Slowdown in 15 Years, Estimates 5 to 2% Decrease
The luxury market is facing its first slowdown in 15 years amid global pressures reported the Bain Altagamma Spring 2025 Luxury Goods Worldwide Market study Luxury Market Faces First Slowdown in
- Luxury Watches In Focus: How the Market Changed In 2024
From the top performers that dominated the industry, to the models with the most noticeable price increases, we’re analyzing the trends that are keeping collectors and enthusiasts alike on the edge of their seats We’ll also explore the innovative designs and stylistic trends that were in the spotlight in 2024 1
- Luxury Watch Sales 2024: How Rolex Dominated the Used Market
The Bob’s Best-Selling Luxury Watch Brands of 2024 In terms of brand market-share, Rolex as we noted accounts for 73 8% of all Bob’s Watches sales, while the next biggest is OMEGA watches at 7 2% followed by Tudor watches with 3 9%, Oris with 2 2%, and Cartier at 1 9%
- Market Trends on Luxury Watch Investment (2024)
By 2021, sales of preowned watches hit $22 billion, representing a third of the luxury watch market’s $75 billion value This growth is also driven by the increased interest from Gen Z and younger millennials
- 2025 Global luxury sales will slow but not collapse, study shows
MILAN — Global sales of personal luxury goods are ”slowing down but not collapsing,” according to a Bain Co consultancy study released Thursday Personal luxury goods sales that eroded to 364 billion euros (US$419 billion) in 2024 are projected to slide by another 2 per cent to 5 per cent this year, the study said, citing threats of U
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