Trade consistency drives consumer sentiment more than fundamentals, says LuxExperience CEO

Core Insights - The luxury retail sector is showing resilience despite a general decline in overall consumer spending, particularly in the high-end market [2][3] - The holiday shopping season is expected to maintain strong momentum, especially in high-end ready-to-wear and fine jewelry categories [4][5] - The trend of "silent luxury" continues to thrive, but there are signs of a potential comeback for more colorful and embellished items as seen in recent fashion weeks [6][7] Consumer Spending Trends - Overall consumer spending has declined, but high-end retail spending remains robust, with a notable double-digit per capita revenue growth among the top 40% of customers [2][3] - The luxury sector is experiencing a positive sentiment driven by stable stock markets, real estate, and commodities, which supports consumer confidence [10] Inventory Management - Inventory levels are crucial in the luxury industry, with a need for alignment between supply and demand to avoid discounting [11] - There was an oversupply of products in 2023, but the industry has since improved the calibration between supply and demand, leading to a resurgence in full-price sales [12]