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Analysis: How LVMH price hikes will reverberate throughout luxury

Inside Retail

Earlier in January, Bernard Arnault, CEO of Louis Vuitton parent LVMH, told reporters any prices to come would be “reasonable”. The conglomerate reported revenue of €64.2 Bernstein states the prices for the brand’s signature Medium Lady Dior model have gone up by US$1,500 since 2019. Last year was a massive success for LVMH.

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Watches of Switzerland to expand into Europe amid soaring sales

365 Retail

Luxury retailer Watches of Switzerland has revealed plans to launch across Europe as it posted soaring annual profits thanks to customers’ booming “disposable wealth” in the pandemic. Luxury retailer Watches of Switzerland has revealed plans to launch across Europe as it posted soaring annual profits (PA). million the previous year.

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Jason & Scot Show Episode 274 – Warby Parker and AllBirds file S-1 prospectus for IPOs

Retail Geek

Net positive ebit has but they basically have had a net loss every year except 2019 when they broke even. 8:26] You know you like if you look at 2018 you said hey they sold 270 million and they lost 22 million on it in 2019 they sold 370 million and they broke even. So what’s a little worrisome about that is. [8:26]

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Jason & Scot Show Episode 269 – Amazon and Instacart get new CEOs, other news

Retail Geek

Multi-sided market place and so it’s a little easier to make money but still the best way to make money is with that ad Network and. Mark Zuckerberg zwei like priorities from from 2019 f8 so it’s not. Scot: [27:18] Just wrapping up the Friendster account. Jason: [27:21] Oh no I’m hang on at that bad boy.