The RealReal third quarter revenues increased 17 percent to $174 million
The RealReal announced on Monday revenue for the third quarter rose 17 percent to $174 million, on the back of double-digit gross merchandise value (GMV) growth at…
Tag: luxury goods
Slower growth for luxury in 2024
Flagging a weak macro environment and a wave of recent downgrades, HSBC said Tuesday it now expects only 2.8 percent organic growth for the global luxury goods…
Luxury retail could slow down in 2024
Following years of growth, the luxury industry might face a slowdown, according to RBC Capital Markets. LVMH’s stock price falling -7% following its quarterly results, its biggest…
How fight against luxury goods counterfeit changed?
For years, the luxury industry has been investing heavily in ultra-sophisticated tech solutions which use the latest advances in nanotechnology, internet of things (IoT), and…
Should Hermès control the resale market?
Should Hermès control the resale market? Birkin and Kelly handbags are more expensive to buy second-hand. Hermès has been mastering its desirability as a top luxury…