At luxury sample sales across New York City, professional line-standers secured by shoppers as far as months in advance are being paid as much as $800 for the job. "This is our Super Bowl."🔗 Read more: https://t.co/6KxrYx6sWi https://t.co/P32VhHCJKu ...

At luxury sample sales across New York City, professional line-standers secured by shoppers as far as months in advance are being paid as much as $800 for the job. "This is our Super Bowl."🔗 Read more: https://t.co/IZrkgCYuUt https://t.co/vmc48yvjBD ...

When a couch costs more than a Porsche, cleaning it becomes a high-stakes endeavor. That’s why skilled housekeepers for the rich are earning six figures https://t.co/aLNarffsyk ...

Ferrari's Electric Vehicle Strategy and Financial Guidance - Ferrari's shares have decreased by approximately 14.8% following the announcement of a revised electric vehicle strategy, reducing the expected electric vehicle lineup from 40% to 20% by 2030 [1] - The company has adjusted its operating profit forecast for 2030 from 3.2 billion euros to 2.75 billion euros, with the past 12 months' adjusted operating profit reported at $2.1 billion, indicating modest growth [1] - Analysts express skepticism about whether Ferrari's stock is worth its current premium valuation, which is significantly higher than traditional automakers [1][2] Market Performance and Consumer Demand - Ferrari's stock has historically traded at a premium due to its consistent performance as a luxury brand, with a 645% increase over the past decade [1] - The company is experiencing a potential post-pandemic cool-off in luxury spending, which may affect future sales [1][3] - Despite the luxury market's challenges, Ferrari maintains a demand that exceeds supply, indicating a strong brand presence [4] Growth Projections and Shareholder Returns - Ferrari anticipates a compound annual growth rate of only 5% through 2030, which is considered low for a luxury brand [2] - The company plans to return a cumulative 7 billion euros to shareholders by 2030, representing about 10% of its current market cap, but this return is spread over several years [2] Comparison with Other Luxury Brands - Other luxury brands, such as LVMH and Hermes, are also facing challenges, suggesting a broader trend in luxury consumer spending rather than a Ferrari-specific issue [3][4] - The increase in the number of billionaires globally does not align with Ferrari's growth expectations, raising questions about its market potential [4][5] Market Dynamics and Consumer Behavior - The current interest rate environment may deter potential buyers from financing luxury purchases, impacting Ferrari's sales [6] - The used Ferrari market remains strong, indicating that consumers may be opting for pre-owned models rather than new purchases [6]

Consumer Behavior - Chinese shoppers are prioritizing leisure spending over luxury brands [1]

Market Trends - The ultra-rich face a problem: fancy goods are ubiquitous [1] - Many countries produce excellent wine, questioning the superiority of top Bordeaux [1]

If Hermès can sell lipstick, why can't Louis XIII Cognac sell plates? https://t.co/03OvdsPYF2 ...

An India panel on Wednesday agreed to a two-slab consumption tax for most of the goods and services in the country and a higher levy on luxury and ‘sin goods’ https://t.co/dVLngFDrqO ...

U.S. Open Bling Watch: Here's Who Wore This $90K Watch, Custom Diamond Necklaces And More https://t.co/T05lYc22NX https://t.co/Bw8idLBZyu ...

Industry Trend - Imitations of fake luxury goods pose the greatest threat when the authentic products fail to meet expectations [1]