IWT Markets Wire
Real-time market intelligence & data strategy
The It’s A Working Title Markets Wire service (IWT Markets Wire) 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 behaviour and purchasing power. IWT Markets Wire produces forecasts for the industry using our own structural, econometric forecasting model as well as select machine learning algorithms to explore consumer trends across developed and emerging market economies. We also prepare our own All Luxury stock market index to give a clear picture on major industry market movements.
FSW Markets All Luxury Index Finishes Up After Volatile Week
The FSW Markets Index was on the same roller coaster ride as the rest of the equities universe last week. The index closed up 4 percent from April 4 to 11, reflecting a big recovery after closing down 4 percent during the early part of the week. Eleven of the index’s...
When the correlations all go to 1
Our FSW Markets All Luxury Index was up almost 25 percent in mid-February. Currently, it is down around 2 percent. As of intraday today, most of the index’s constituents are down on the year with a few exceptions: Hermès (4.0%), EssilorLuxottica (2.6%), and Moncler...
Industry Retreats for the First Time this Year after LVMH Results and Looming Tariffs
Our FSW Markets All Luxury Index was down 6 percent over the past week, following a sharp decline in LVMH after releasing its full-year 2024 earnings report on January 27. Half of the index’s 18 constituents were down as LVMH was joined by Ralph Lauren, Tapestry,...
Another strong week for luxury equities
The FSW Markets All Luxury Index closed up almost 7 percent last week. Outside of small declines from Burberry and PVH Corp., every constituent of the index was up on the week and most of them big. The biggest gainer was Kering. On Tuesday, Kering announced that its...
Another strong Hermès earnings report points to the dispersion in the global luxury market
When scrolling the luxury news during the past few earnings seasons, it is becoming increasingly less remarkable to see the latest autopsy of a global luxury crisis followed by deep dives into the income statement of Hermès that use words like “remarkable” and...
Market yawns as Kering reports more terrible results
Kering has been the sick man of the luxury for a while now. Their participation in the post-pandemic luxury top-line growth party was substantially less than that of many of its competitors (e.g., revenue growth in 2021 was 10 percentage points lower than LVMH) and...
Ralph Lauren and Tapestry release strong sales numbers that underline the importance of content effectiveness in an increasingly diffuse luxury market
The dispersion story continues in luxury fashion as more end-of-2024 earnings numbers roll in. Tepid results from LVMH on January 27 led to a small luxury market sell-off, but earnings numbers from Ralph Lauren and Tapestry today show that it is not all doom and...
Amid mixed 2024 earnings reports, investors’ confidence in luxury has taken a beating in the past week
Luxury industry earnings reports have been a bit mixed over the past week as the full year 2024 numbers rolled in. Richemont, Ferrari, and Zegna punched above analyst expectations while LVMH was sort of half hot and half cool. In the midst of these reports, investors’...
Luxury share prices surging ahead of LVMH’s full-year 2024 earnings release on Tuesday
The FSW Markets All Luxury Index is up over 14 percent this year. This compares with a nearly 10 percent decline in 2024. Fifteen of the index’s eighteen constituents are up, led by Richemont (up around 25 percent YTD) after their strong Q3 report, Burberry (up around...
Luxury Strikes Back as Luxury Earnings Season Kicks Off
The start of the year looks, for a potentially brief moment, like a reboot for luxury after some strong earnings releases from Brunello Cucinelli and Richemont over the past week. The sour mood surrounding the retail luxury industry, particularly luxury fashion, for...