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.
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...
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...
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...
We are coming into a new earnings season and expectations are generally for the continuation of the weak sales growth in the luxury industry
FSW High Frequency Luxury Monitor will be batch assessing the Q2 returns a few times over the course of the season. To get us started, below find a table that shows when to expect some the major releases. We also included each ticker's year-to-date total equity...
Luxury has had a volatile 2024 as many of the bigger names have underperformed
This year has been a wild ride for the luxury industry. At the start year, expectations were that the industry would heavily underperform the post-pandemic boom years. Expectations were that sales growth, particularly to “aspirational” consumers, would normalize....
LVMH and Tapestry show that there is reason for some optimism in the luxury industry
Over the past day, markets have seen that while the post-pandemic luxury sales boom is indeed over, the industry continues to grow. First, LVMH released its Q1 2024 results today after Paris trading closed, which showed that organic revenues grew by 3 percent relative...
Luxury Real Estate Acquisitions Continue to be Hot, Putting New Pressures on Content Strategy
On April 4, Kering announced that it would be making Europe’s largest property investment in over two years by buying Via Monte Napoleone 8 in Milan from Blackstone for €1.3 billion. Despite issuing a rare warning in mid-March that Q1 revenues would be down 10 percent...
Luxury Shares Continue to Take a Beating After PVH Profit Warning
The share prices of luxury companies have taken a beating since Kering’s alarming Q1 profit warning on March 19 and this bearish momentum may well continue into this earnings season after PVH Corp announced that 2024 revenues would fall 6 to 7 percent. This is sharply...
What’s happening at Gucci and what does it mean for the rest of the luxury industry?
On Tuesday, Kering issued an alarming profit warning that group revenues would plunge 10 percent in Q1 2024. This is sharply steeper than the 6 percent decline in Q4 and, more alarming still, a sharp departure from many analysts’ expectations for positive growth in...
Prada Group Posts Strong FY23 Growth
The Prada Group reported strong FY23 growth at an investors' call today, with revenues growing by 17 percent (at constant exchange rates), mostly in line with analyst expectations. Adjusted EBIT growth was 26 percent, generating a 22.5 percent margin. Growth was...