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Dupes gain steam as shoppers seek middle ground between fast fashion and luxury labels: Quince and Italic are among the brands poised to benefit as shoppers prioritize affordability.

Luxury ecommerce gets a boost from wealthy shoppers: Our Industry KPIs data shows that spending from top-tier consumers offset softening aspirational demand.

57% of US adults have used eBay to purchase secondhand luxury fashion and accessories online in the past year, according to March 2024 data from CivicScience.

While luxury sales are slowing as consumers flock to cheaper retailers for apparel, beauty, and other goods, luxury retailers with off-price brands, like Neiman Marcus Last Call and Nordstrom Rack, are seeing store visits climb.

Luxury brands are grappling with downturns in the US and China, the largest markets for personal luxury goods, and will have to seize opportunities for growth from new markets and product innovation.

GenAI tool Jacquard helped luxury apparel marketplace Farfetch test creative with segments and personalize email copy. Optimizing paid search (medium impact, easy to implement). Why genAI? Advertisers buy search ads on keywords or word combinations. Search advertisers can use genAI to identify new keywords, group them in novel ways, and assess match levels that they may not have considered.

LVMH beat analysts鈥� middling expectations in Q4: But the company鈥檚 1% growth suggests the luxury sector may take some time to bounce back.

The divide between top-tier brands and the rest of the luxury industry is widening: Companies like Brunello Cucinelli are outpacing the market as wealthy shoppers spend freely.

However, the cost of living remains high, and shoppers are planning cutbacks on discretionary categories such as fashion and big-ticket purchases, per PwC鈥檚 September 2024 Consumer Sentiment Survey. People will keep buying more secondhand clothes in 2025. Some 41% of UK adults now buy and wear more secondhand clothing than they did two years ago, per a September 2024 survey by Oxfam.

Burberry鈥檚 holiday resurgence is an encouraging sign for luxury brands: The company鈥檚 focus on core products won over US shoppers, although a full recovery is a long way off.

Quince raised $120 million in new funding: The retailer鈥檚 strategy of selling low-priced versions of high-end apparel and accessories is working.

India will be a focus market for fashion brands in 2025: They鈥檙e counting on the country鈥檚 growing affluent population to offset weakness in China.

Lululemon is now the third-largest foreign sports apparel player in the region, behind Nike and adidas, per Morgan Stanley.

In November 2023, the peer-to-peer (P2P) marketplace banned certain fast-fashion items (among the criteria: low price points). Platforms add ancillary services to cater to luxury shoppers and sellers.

Resold at Walmart is the retailer鈥檚 first destination for cross-category and cross-condition pre-owned products across categories like luxury, fashion, collectibles, and electronics. Walmart鈥檚 Collector Shop now allows pre-ordering, enabling sellers to build anticipation for product drops.

And we see this right now, there's a bit of a crisis in the luxury fashion sector because prices have gone up so much over the last couple of years from some brands that consumers are no longer willing to pay. They don't see why a handbag should be 70% more than it was five years ago when it's essentially the same product.