Evidenced by low-single-digit rates, collections from the U.S. fashion group are resonating in regions where other luxury players are instead facing sales declines.
In North America, the segment's sales declined at a compound annual rate of 6 percent from 2018 to 2023, surpassing the 5 percent lost annually from 2012 to 2017.
Luxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.
Housed within a historic building, regional shoppers may soon flock to Rodeo Drive to tour the French fashion label's first permanent retail hub in Los Angeles.