Indonesia has sealed three Tiffany stores in Jakarta on suspicion of import violations https://t.co/cCOmU9Qhwl ...

北京三里屯太古里路易威登之家 图片来源：路易威登 在经历近三年的波动之后，中国奢侈品市场开始显现出企稳迹象。 到 2025 年第四季度，投资层面的交流逐步恢复，曾被暂停的项目重新进入规划阶段，品牌也开始重新审视在中国市场的投入方式与布局重点。 这一变化首先体现在实体零售动作上。 12 月，路易威登、迪奥、Loro Piana 与 Tiffany 相继在北京三里屯开设全新旗舰店。多家品牌在同一时间节点集中落地，显示出对核心城市与高能级商圈 的持续重视。 北京迪奥之家 图片来源：迪奥 图片来源：Loro Piana Loro Piana 藤原浩合作胶囊系列限时店于北京三里屯太古里精彩启幕 蒂芙尼北京三里屯太古里旗舰店 图片来源：蒂芙尼 与此同时，部分品牌开始尝试更具地域指向性的表达。萧邦将限时体验项目带到哈尔滨，围绕冰雪文化展开，与当地冬季旅游语境形成呼应。这一举动也 反映出品牌在中国市场中，对区域差异的关注正在增强。 图片来源： Chopard 在上海，奢侈品牌的表达方式则更加偏向长期叙事。Buccellati 举办了品牌在中国的首个大型展览《凝時之匠：Buccellati典藏展》，展期从 2025 年 12 ...

Core Viewpoint - The "Come to Pudong for the New Year" series of activities aims to enhance the festive atmosphere and promote cultural engagement during the Spring Festival, with a focus on high-quality cultural offerings and consumer engagement in Pudong [1][9]. Group 1: Event Overview - Pudong will launch thousands of New Year-themed activities, emphasizing a vibrant cultural supply to enhance the festive spirit [1]. - The theme "Everywhere is Chinese Red, Everywhere is Full of Chinese Style" will be used to create a celebratory atmosphere throughout the district [1]. - The activities will be coordinated with the previously initiated "Pudong Spring Festival Carnival" to maximize impact and attract visitors during the extended holiday [1]. Group 2: Decorations and Atmosphere - The city will be adorned with decorations including red lanterns and Chinese knots across 500 municipal roads, 89 pocket parks, and 103 urban parks [3]. - 600 key public transport stops will feature festive promotional displays, while 50 commercial districts and scenic spots will showcase outdoor screens with New Year-themed content [3]. - Various local activities will be organized in parks, squares, and shopping malls to integrate the festive spirit into daily life [3]. Group 3: Cultural Exhibitions - Major cultural venues in Pudong will present significant exhibitions during the Spring Festival, showcasing rare treasures and artworks from renowned artists [7]. - Notable exhibitions include the "Cloud Collection for a Thousand Years" at the Shanghai Art Museum and a collaboration with the Metropolitan Museum of Art featuring ancient Chinese bronzes [7]. - The Pudong Museum will host exhibitions in partnership with the Louvre and the Picasso Museum, creating a cultural feast for visitors [7]. Group 4: Attractions and Activities - Shanghai Disneyland will create a "Winter Wonderland" experience, while other attractions like the Haichang Ocean Park and Shanghai Wild Animal Park will offer unique New Year experiences [8]. - The launch event for the "Come to Pudong for the New Year" series included the announcement of a promotional video and the awarding of certificates to quality partners in tourism and commerce [8]. - The activities will continue until March, aiming to stimulate consumer spending through a blend of traditional culture and modern urban experiences [8]. Group 5: Economic Impact - The initiative aims to combine the promotion of traditional Chinese culture with consumer spending to drive economic growth and enhance the value of new consumption [9].

Core Insights - The holiday shopping season was notably shorter this year, with only 27 days between Thanksgiving and Christmas, yet consumer resilience was evident as spending continued despite the time constraints [2][3] - Value retailers, such as Walmart and dollar stores, performed well due to consumers having limited budgets and opting to spend in fewer places [3][6] - Electronics emerged as the top-selling category, with significant demand for gaming consoles, new phones, and laptops, contributing to a mini boom for retailers and tech companies [4] Retail Performance - Discount retailers saw substantial gains, with dollar stores and Walmart reporting increased sales, reflecting consumer behavior focused on budget-friendly options [6][14] - The K-shaped economy is highlighted, where affluent consumers continue to spend confidently while budget-minded individuals face economic challenges [7][12] - Luxury retailers experienced a mixed performance, with ultra-high-end products performing well, while mid-level luxury brands struggled due to inflation and decreased aspirational spending [8][9][11] Future Outlook - The retail economy is expected to remain strong in 2026, with consumers likely to continue spending, albeit with a focus on essentials and budget items [13][14] - There may be a "holiday hangover" as consumers reassess their financial situations post-holiday season, leading to potential shifts in spending behavior [13][16] - The macroeconomic environment shows low unemployment and healthy consumer balance sheets, but poor sentiment could impact future spending [15]

All right, folks. Just give you now some exclusive access to something you may not get anywhere else as we are at the Yale CEO Summit in New York where Sarah sitting down with the richest person in Europe and one of the richest people in the world >> businesses. I think the future is very positive.Obviously, you have always difficult times. You have crisis. You have geopolitical crisis. You have economic crisis.that we went through many of them during the last 40 years. But at the end uh I am proud that the ...

Financial Data and Key Metrics Changes - Revenue increased by 9% in Q3 2025 and 18% on a two-year basis, despite challenging housing market conditions [4] - Adjusted operating margin was 11.6%, below the guidance midpoint of 12.5% due to higher-than-expected tariff expenses [4][6] - Adjusted EBITDA margin was reported at 17.6%, with free cash flow of $83 million in Q3 and $198 million year-to-date, on track to meet the annual target of $250 million to $300 million [4][5][7] Business Line Data and Key Metrics Changes - The company is making progress in reducing excess inventory, which is estimated at $300 million, with inventory down 11% year-over-year and $82 million lower than Q2 [5] - Market share gains are primarily coming from fragmented design showrooms and regional high-end furniture stores, with two-year share gains ranging from 12 to 28 points [5] Market Data and Key Metrics Changes - The company is navigating the worst housing market in nearly 50 years, with existing home sales projected to average 4.07 million from 2023 to 2025, compared to 4.09 million in 1978 [9] - Tariffs have disrupted supply chains, leading to increased prices and multiple rounds of price negotiations [9] Company Strategy and Development Direction - The company is focused on long-term growth, emphasizing innovation and investment during challenging times, with plans for a significant product transformation in the spring of next year [10][11] - The launch of RH Paris is seen as a pivotal move in building a global luxury brand, with plans for additional locations in Milan and London [20][21] - The company is developing a global hospitality business to enhance brand awareness and cash flow, with the RH Ocean Grill expected to generate significant operating income [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the unusual market conditions and the risks associated with tariffs and supply chain disruptions, but remains optimistic about gaining market share [9][10] - The company is preparing for a potential recovery in the housing market and believes its investments will pay off in the long run [8][61] Other Important Information - The company has opened a freestanding interior design office in Palm Desert, generating $1 million a month in design business [13] - The acquisition of Michael Taylor Designs is expected to enhance the company's offerings in the high-end market [56] Q&A Session Summary Question: How has RH Paris influenced performance expectations ahead of RH Milan and RH London? - Management noted that RH Paris is unique and has set a tone for future openings, emphasizing the importance of location and brand perception in Europe [16][17] Question: How did customers respond to price increases in Q3? - Management indicated that they are learning from the price increases and navigating the tariff situation, with a focus on maintaining fairness in pricing [47][48] Question: Is the company considering slowing the pace of initiatives for predictability? - Management expressed a commitment to high ambitions and strategic growth, emphasizing the importance of long-term brand building over short-term results [58][60]

Core Insights - The article highlights the revitalization of high-end consumption in Jing'an District, driven by innovative events and collaborations among brands, shopping malls, and the local government [1][3][10] Brand Resonance - The "Louis Vuitton Extraordinary Journey" and "HOME TO LUXURY" events exemplify successful brand collaborations, showcasing numerous luxury brands and launching hundreds of new and limited-edition products, creating a synergistic effect among brands [5][11] - The strategy includes attracting younger consumers by integrating trendy brands and local high-end offerings, leading to steady sales growth at key venues like Hang Lung Plaza [5][11] Shopping Mall Collaboration - The district's efforts to enhance commercial synergy include the development of the "Nanjing West Road Fashion Consumption Corridor," promoting complementary functions among various commercial entities [7][11] - Events like "Jing'an Fashion Consumption Season" and the introduction of new retail concepts have contributed to a vibrant shopping atmosphere, with extended operating hours and themed markets enhancing consumer engagement [7][8] Market Vitality through Business Model Innovation - Jing'an District is transitioning from short-term promotional activities to a sustainable consumption ecosystem, focusing on integrating "first-release economy" and "experience economy" [10][11] - The district's approach emphasizes the importance of a resilient commercial environment, with high-end consumption showing consistent growth despite market pressures [11][12] Mechanism Innovation and Ecosystem Building - The successful model in Jing'an is characterized by a collaborative mechanism involving government support, joint efforts among commercial entities, and mutual benefits for brands [11][12] - The district's strategy fosters deep trust and shared goals among stakeholders, enhancing the overall competitiveness of the commercial landscape [11][12]

Tiffany, Cartier and other high-end jewelers face a renewed challenge from fashion houses in the battle for luxury spending, writes @AndreaFelsted (via @opinion) https://t.co/d9UKegT5zj ...

Core Insights - The acquisition of Whole Foods by Amazon for $13.7 billion in 2017 was influenced by pressure from activist investors, specifically Jana Partners, who threatened to take control of the board and sell the company [1][2][4]. Group 1: Activist Investor Pressure - John Mackey, cofounder and former CEO of Whole Foods, revealed that he was pressured by Jana Partners, which had acquired an 8.8% stake in the company, to explore a sale [2][5]. - Jana Partners presented a confrontational ultimatum, indicating they would take over the board, fire Mackey and his executives, and sell the company to the highest bidder [4][6]. Group 2: Whole Foods' Operational Challenges - Whole Foods faced declining same-store sales for six consecutive quarters and was struggling with competition from conventional grocers offering organic products [6]. - The company's reputation for high prices, often referred to as "Whole Paycheck," contributed to its vulnerability to activist pressure, leading to a significant drop in stock price prior to Jana's involvement [6]. Group 3: Strategic Considerations - In response to the activist investors, Whole Foods' leadership considered various options, including a proxy battle, but recognized the need for time to improve operations and lower prices, which was not feasible under the pressure from hostile shareholders [7].

The parent company of BVLGARI, Tiffany and Fendi described America as a source of strength for a number of its segments. https://t.co/R0XLpG9JWp ...