US EditionPrices To Rise For Prestige European Consumer Products, Making U.S. Brands More Competitive
UNITED STATES, JUL 28 – Luxury brands face pressure to raise U.S. prices due to 15% tariffs amid a global sales decline and a loss of 50 million customers last year, Bain consultancy said.
Summary by Forbes
5 Articles
5 Articles
The big European groups in the luxury sector breathe with some relief after knowing that the definitive tariff with the United States (USA) will be 15%, a percentage lower than that that companies came to fear at the start of the trade crisis unleashed by the Trump administration. It is not for less: it is the main world market of luxury, where a giant like LVMH, owner of brands like Louis Vuitton or Bulgari, plays 25% of its sales.
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Mixed Sentiment Trends Ahead of August 1 Tariffs; Plus, Luxury Shopping in Focus: US Consumer Survey Insights
Our weekly check on US consumer sentiment—plus shopping behavior in luxury and other retail sectors.The post Mixed Sentiment Trends Ahead of August 1 Tariffs; Plus, Luxury Shopping in Focus: US Consumer Survey Insights appeared first on Coresight Research.
Coverage Details
Total News Sources5
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
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