Hermès is a role model for luxury brands in how it maintains its allure with attention to quality and craftsmanship, leading to continued loyalty from customers in good times and bad. Image credit: Hermès
Luxury Roundtable CEO Mickey ALAM KHAN on Wednesday, Dec. 5 discussed luxury's issues with fleeing younger generations, millennials and Gen Z in particular, and top customers questioning the exclusivity value proposition of luxury brands. What impact will this have on the future bottom lines of luxury brands and retailers as they evolve to the market's new tastes and behaviors?
The webinar touched on these themes:
-- 2024 toplines: The year in review
-- Luxury sector-by-sector analysis: Problem spots and green shoots
-- Younger generations and consumerism
-- The flight to experiences continues
-- The more-is-more paradigm: Is "Industrialized Luxury" damaging long-term viability of the brand's exclusive position?
-- Lessons from Hermès, Brunello Cuccinelli and Rolls-Royce Motor Cars: How they are bucking the trend
-- Suggested remedies for luxury brands and retailers as well as luxury professionals invested in their careers
Please click or tap here to access the recording of the webinar
Luxury Outlook Summit 2025 New York Jan. 15 agenda: