Luxury Daily, Dec. 20, 2022 – Consumers express intent to slow discretionary spending in 2023: Deloitte
| | Research Consumers express intent to slow discretionary spending in 2023: Deloitte  |  Americans across the income spectrum intend to delay large purchases as concerns over inflation, rising interest rates, tumultuous equity markets and energy disruptions heighten. Entire
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| Apparel and accessories Balmain embraces pharaonic symbolism, hieroglyphs in edgy mid-season effort FREE |  Creative director Olivier Rousteing is shining a light on symbolism, with Egyptian fine jeweler Amina Ghali, hand-crafted expression and a gold-plated bustier at the forefront of Balmain's 2023 resort campaign. Entire
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| Travel and Hospitality New Mandarin Oriental campaign captures sustainable luxury storefront launch |  As travelers become more conscious of their respective roles and responsibilities on the road, the hotel documents its "Kind by M.O." retail initiative. Entire
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| Travel and Hospitality High-income earners sparking next ‘revenge travel’ wave: report |  A new survey from American Express and market research firm Altiant found that 56 percent of these travelers prefer experiences and destinations to be novel, while only 20 percent would like to return to a familiar place. Entire
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| Luxury FirstLook Free registration open: Luxury FirstLook 2023 on Jan. 26 FREE |  Register now for Luxury FirstLook 2023, a free half-day digital event hosted Jan. 26 from 8:45 a.m. to noon ET (New York time) by Luxury Daily founder Mickey Alam Khan on the likely outlook for luxury. Register now! Entire
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| News briefs Bentley, Four Seasons, Neiman Marcus and Lanvin Group FREE |  Luxury Daily's live news: Bentley takes inspiration from sold-out models, releases matching miniature collectibles; Four Seasons two new properties signal Middle East expansion; Neiman Marcus Group earns favorable sustainability score, highlights ESG disclosure; Lanvin Group goes live on NYSE, takes North American market. Entire
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| Marketing What luxury really means in 2023 |  With the exception of a few luxury power houses, many are underperforming and often “playing not to lose” instead of “playing to win." Entire
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