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

Consumer Spending & Market Trends - Overall consumer spending declined, but high-end consumer spending remained resilient [3] - The top 40% of the company's customer base experienced double-digit per capita revenue growth in the last quarter [4] - Expectation of continued trend of buying high-end ready-to-wear and fine jewelry [5] - "Silent luxury" (high-end, logo-free products) has been popular, but there's a potential comeback of color and embellishment [7][8] E-commerce & Trade Landscape - Changes in policies for goods made in Europe, Asia (China, India) impacted consumer sentiment [9][10] - De Minimis was not a big threshold for the company's high-end business, as most shipments were over 800 USD [11] - Stability in stock markets, real estate, and commodities has driven positive consumer sentiment [11] Inventory & Supply Chain - Maintaining a balance between demand and inventory levels is crucial to avoid discounting in the luxury industry [12][13] - There was oversupply in 2023, but the industry has since improved calibration between supply and demand [13] - Full-price business has picked up tremendously over the last eight quarters, indicating healthy margins [13]