50 million people have stopped buying luxury brands like Dior and Burberry after ‘broken promises' to customers [Fortune]
KERING SA UNSP/ADR (PPRUY)
NASDAQ:AMEX Investor Relations:
kering.com/en/finance
Company Research
Source: Fortune
Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company's new annual luxury report warns. Only a third of luxury brands will end the year with positive growth, Bain posited, down from two-thirds last year. Looking ahead, it said that to stay alive, brands need to reevaluate their value proposition—mainly for Gen Zers—and keep meeting their growing expectations. As for how? Marie Driscoll, an equity analyst focused on luxury retail, told Fortune that reinvention is key. “Get back to books, make products more inspirational, make the shopping experience marvelous,” Driscoll said. “You need to constantly meet consumers at a new angle and surprise and delight them.” “A fabulous ice cream sundae is boring by the time you have it the fifth time,” Driscoll added. Broken promises to shoppers On some level, brands have broken their promises to consumers, Driscoll said. “Since 2019, there's been
Show less
Read more
Impact Snapshot
Event Time:
PPRUY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PPRUY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PPRUY alerts
High impacting KERING SA UNSP/ADR news events
Weekly update
A roundup of the hottest topics
PPRUY
News
- Holiday Gift Guide 2024: The Best Fashion And Style Books [Forbes]Forbes
- 9 of the most stylish nepo babies [Business Insider]Business Insider
- Kering reshuffles ranks with new Yves Saint Laurent and Balenciaga CEO [Fortune]Fortune
- 5 of the best outfits and 5 that missed the mark at the 2024 Governors Awards [Business Insider]Business Insider
- Kering names Cedric Charbit CEO of Saint Laurent [Yahoo! Finance]Yahoo! Finance