2 results

• MoneyRich people can get richer while luxury brands still sell less.Citi credit-card data showed U.S. luxury purchases down 6% year over year in September, even as top-end wealth remained resilient. The reason is that wealth, confidence, value perception and willingness to spend are not the same thing.
• CultureFashion still says autumn. The weather increasingly does not.Paris Fashion Week reached 28°C as retailers were trying to sell coats and knitwear. Longer, hotter summers are creating a basic mismatch between the traditional fashion calendar and the weather customers actually experience.