Week in Review: Luxury's vertical integration, slowing U.S. spending and the rise of the celebrity co-designed capsule
The Glossy Podcast
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The Recession Proof of Luxury Shopping
Luxury brands are seeing specifically in the US luxury shopping slowed down a little bit, not like go negative, but just kind of slow compared to the growth. LVMH said that their sales in the US were up, I think 8% or something, but they said that was actually primarily Sephora. And now that that's happened, it's like doesn't seem like there's some other big kind of fire under it coming at the moment. So it's a little bit just like going to be coasting.
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