A panel of top executives hosted by TD Cowen concluded that despite inflation and economic uncertainty, solid demand is seen in the first half of next year.
Jennifer Lopez on JLo Beauty’s First Lip Product, Beso Balm, Her ’90s Supermodel-inspired Routine and Self-acceptance
Following the post-COVID-19 boom in sales, a slowdown was largely expected by top players of the luxury furnishings sector in 2023. Looking ahead to 2024, the sector is expecting “a better-than-feared” performance, according to the outcome of a conversation between five executives hosted by TD Cowen for a virtual panel on the high-end and luxury retail and manufacturing industry.
Companies executed price hikes this year, with increases between 15 and 25 percent on products, as a result of cost increases incurred during the pandemic. “Gross margins are flat to slightly down because price increases only covered the inflationary cost dynamic,” TD Cowen said. In 2024, however, panelists are planning on flat pricing for the coming year, which they are aware could hurt margins. “They are comfortable with that impact,” analysts concluded.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Norway: Car Market Shrunk, But EVs Maintained Ultra-High Market Share In October8,151 new passenger plug-in cars were registered last month in Norway (down 25% year-over-year), which is 91.3% of the total volume.
Read more »
Norway: Car Market Shrunk, But EVs Maintained Ultra-High Market Share In October8,151 new passenger plug-in cars were registered last month in Norway (down 25% year-over-year), which is 91.3% of the total volume.
Read more »
Subscribe now: Full access to 90,000+ articles, reports, videos and imagesWe invite you to subscribe to Luxury Daily and join the ranks of the smartest luxury marketers worldwide. Our subscribers include decision-makers and executives from the world's leading luxury brands, retailers, agencies, publishers, market researchers, universities and consultancies.
Read more »
Subscribe now: Full access to 90,000+ articles, reports, videos and imagesWe invite you to subscribe to Luxury Daily and join the ranks of the smartest luxury marketers worldwide. Our subscribers include decision-makers and executives from the world's leading luxury brands, retailers, agencies, publishers, market researchers, universities and consultancies.
Read more »
Bob Knight’s chair: college basketball’s classic furnitureIndiana Hoosiers basketball fans always waited for Bob Knight to erupt. On a winter night in 1985 it didn't take long. Five minutes into a game against rival Purdue, Knight drew a technical foul then nonchalantly turned around, picked up a chair and hurled it past Boilermakers guard Steve Reid.
Read more »
Best Wayfair pre Black Friday deals you can get now on appliances, furniture and moreShop the best early Black Friday deals at Wayfair now.
Read more »