Challenges Faced by Luxury Brands and Changing Consumer Behavior

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The chapter delves into the struggles faced by LVMH and other luxury conglomerates, citing minimal sales growth in the second fiscal quarter influenced by shifting consumer preferences in Asia and the impact of post-pandemic consumer behaviors in the United States.

Episode 373: Neal and Toby chat about LVMH’s struggling sales, signaling a turbulent time for luxury brands. Then, Grindr users apparently are blocked from finding any matches within Olympic Village. Next, CrowdStrike offers a $10 apology gift card for the mass IT outage that cost its partners millions of dollars. Plus, Neal’s favorite numbers from the hottest day on Earth, Cuba, and coked out sharks. Also, Toby looks at Apple’s overspending on its content. Lastly, oxygen found at the bottom of the ocean. Is this Atlantis!?

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00:00 - Intro

03:00 - LVMH struggle

08:00 - Olympic Dating

10:40 - CrowdStrike gift cards

17:30 - Neal’s Numbers

23:30 - Toby’s Tally

26:00 - Dark Oxygen

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