FSW Markets
Real-time market intelligence & data strategy
The Fashion Strategy Weekly Markets service (FSW Markets) delivers real-time insights tailored specifically for the luxury industry. By tracking key economic indicators, consumer sentiment, and global market shifts, we provide an exclusive view into the cyclical and structural trends shaping luxury consumer behavior and purchasing power. FSW Markets produces forecasts for the industry using our own structural, econometric forecasting model as well as select machine learning algorithms. We also prepare our own All Luxury stock market index to give a clear picture on major industry market movements.
Prada Group reports decent earnings, driven by Miu Miu
Prada released its Q3 earnings in the mid-afternoon, Central European time, on October 30 and met analyst expectations for continued strong volume growth at Miu Miu. Net revenues in Q3, compared with Q3 2023, were up 18 percent for the Prada Group. The Prada brand...
A tougher than expected start to luxury earnings season
Analysts expect weak H2 results from luxury so forecasts for the Q3 earnings season, which kicked off this week, were low. So far, those expectations are not proving low enough. The industry’s giant, LVMH, which has a market capitalization greater than its six largest...
Burberry’s woes continue as it is ejected from the FTSE 100
The decision of the FTSE Russell to relegate Burberry from the FTSE 100 to FTSE 250 index on September 5 is not a surprise. Membership in the FTSE 100 is reviewed quarterly and there are usually a change or two. One of the key criteria is market capitalization, which...
This week’s super storm of earnings reports from the luxury industry confirmed everyone’s fears that the industry is continuing to slump and slump deeply from its post-pandemic zenith
On July 23, LVMH, the industry’s largest player by almost any measure, reported that overall revenue growth was up 2 percent in the first six months of 2024 when compared to the same period in 2023. The picture was much worse at industry laggard Kering, which reported...
No Big Surprises in Kering and Hermès’ Q3 Earnings Reports
No trough in sight for Gucci On the heels of the broader slowdown in the luxury sector and clouded Q3 earnings from peers like LVMH and Swatch Group last week, Kering's disappointing Q3 results were largely anticipated. The group, home to the fashion giant Gucci and...
Q3 Earnings Reporting Season Starts Next Week
After luxury brands reported a generally poorer than expected H1 and gloomy forward guidance (with some notable exceptions), we are gearing up for the start of Q3 earnings releases next week. The newly re-branded FSW Markets will be previewing market expectations over...
Prada Outpaced the Rest of the Industry in H1 2024, with explosive growth by Miu Miu in China
Prada Group reported strong H1 2024 results today, with revenues growing by 17 percent (at constant exchange rates), exceeding analyst expectations. Adjusted EBIT growth was up 17 percent, which was sharply lower than than 48 percent growth in H1 2023, though margins...
Market Expects Mixed Results from Q3 Luxury Earnings Reports this Week
After last week's mixed bag of Q3 earnings from LVMH and Brunello Cucinelli, this week we turn attention to what will probably be another set of mixed results from Kering and Hermès. Kering is set to release its Q3 2024 earnings report on October 22 after market close...
Tapestry to sell Stuart Witzman
According to Footwear News, Tapestry is reportedly close to selling its Stuart Weitzman brand. The sale comes as Tapestry is preparing to face the Federal Trade Commission over its attempt to stop the $8.5 billion purchase of Capri Holdings Limited. Seeking...
Collapsing Demand for Luxury Goods in Asia Pulls Down LVMH’s H1 2024 Results
On July 23, LVMH confirmed what most analysts expected and that is that luxury spending continues to cool and cool quickly. Overall revenue growth for the first six months of the year was down 1 percent, when compared with the same period in 2023, with organic growth...