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During sales season, men outspend women

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By

ETX Daily Up

Translated by

Roberta HERRERA

Published



January 9, 2025

Contrary to popular stereotypes depicting women as compulsive shoppers, in France men are expected to spend €100 more than women during the end-of-season sales period.

Despite growing skepticism about the relevance of end-of-season sales in an era teeming with year-round discount opportunities, they remain a key moment for French consumers. According to a study by OpinionWay for Bonial*, 64% of French respondents plan to take advantage of the winter sales, which began on Wednesday, January 8. This suggests that end-of-season sales still play a role in preserving purchasing power, contrary to perceptions of dwindling interest.

Interestingly, 42% of respondents prefer to wait for the second markdown, particularly women (46%). Men, however, appear more eager, with 37% of them planning to shop earlier in the sales period. This highlights a shift in shopping dynamics, challenging the notion that retail therapy is primarily a feminine pursuit. While women expect to spend an average of €219, men are planning bigger purchases, budgeting €318. Compared to last summer’s sales, French consumers seem prepared to invest more this winter, with average budgets rising by €34 to €266.

Unsurprisingly, clothing and footwear top shopping lists, followed by cosmetics, perfumes, furniture, home décor, and electronics. Consumers report that discounts of 37% to 41% are most likely to encourage purchases, with even higher expectations for markdowns in the fashion sector.

The winter sales period in France will last for four weeks, concluding on Tuesday, February 4.

*The survey was conducted on a representative sample of 1,046 French adults aged 18 and over, using quota methods based on gender, age, socio-professional category, urban area size, and region. Interviews were carried out between December 27 and 31, 2024.

Copyright © 2025 ETX Daily Up. All rights reserved.



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Fashion

Hoka-parent Deckers Outdoor’s forecast disappoints despite solid holiday quarter

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Reuters

Published



January 31, 2025

Deckers Outdoor on Thursday beat third-quarter sales estimates on robust holiday demand for its Hoka running shoes, but an in-line annual forecast caused the footwear maker’s shares to tumble 17% in extended trading.

Ugg

Hoka shoes with their oversized soles have been gaining market share from brands such as Nike in the sportswear category. The brand, which retails for up to $300 in the United States, have also enjoyed full-price sales.

This drove up the company’s third-quarter revenue by 17% to $1.83 billion, beating analysts’ average estimate of $1.73 billion, according to data compiled by LSEG. Deckers also raised its annual net sales forecast for a second time this year.

“The guidance looks pretty conservative and considering the beat, it’s bit of a negative read into the out quarter,” said Drake MacFarlane, analyst at MScience.

The popularity of the Hoka shoes and the success of the company’s Ugg boots and sandals has helped it post double-digit revenue growth for nearly seven quarters.

The company now expects annual net sales to increase about 15% to $4.9 billion, compared with its prior expectation of about 12% growth to $4.8 billion. Analysts estimated an increase of 14.9% to $4.93 billion.

Deckers expects annual earnings per share of $5.75 to $5.80, compared with its prior forecast of $5.15 to $5.25.

© Thomson Reuters 2025 All rights reserved.



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Fashion

Amazon ramps up ad spending on Elon Musk’s X, WSJ reports

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Reuters

Published



January 31, 2025

Amazon.com is increasing its advertising on billionaire Elon Musk’s social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Reuters

The major shift comes after the e-commerce giant withdrew much of its advertising from the platform more than a year ago due to concerns over hate speech.

In 2023, Apple also pulled all of its advertising from X and has recently been in discussions about testing ads on the platform, the report said.

Several ad agencies, tech and media companies had also suspended advertising on X following Musk’s endorsement of an antisemitic post that falsely accused members of the Jewish community of inciting hatred against white people.

Monthly U.S. ad revenue at social media platform X has declined by at least 55% year-over-year each month since Musk bought the company, formerly known as Twitter, in October 2022. He had acknowledged that an extended boycott by advertisers could bankrupt X.

Musk has become one of the most influential figures following President Donald Trump‘s re-election. He now leads the Department of Government Efficiency, which aims to cut $2 trillion in government spending.

© Thomson Reuters 2025 All rights reserved.



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Fashion

Ferragamo’s sales down 4% in fourth quarter, sees “encouraging results”

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Reuters

Published



January 31, 2025

Italian luxury goods group Salvatore Ferragamo said on Thursday its revenue dropped by 4% at constant currencies in the fourth quarter, flagging “encouraging results” from its direct-to-consumer sales which were overall flat in the last three months of the year.

Ferragamo – Spring-Summer2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight

Sales in the North American region, which accounted for 29% of total revenue, were up 6.3% in the quarter.
However, the Asia Pacific area saw a 25% drop in revenue at constant exchange rates.

The slowdown in global demand for luxury goods, especially in China, has made the group’s turnaround harder.
Overall preliminary revenues reached 1.03 billion euros in 2024, in line with analysts’ estimates, according to an LSEG consensus.

“January shows an acceleration in our DTC channel’s growth, albeit supported by the different timing of the Chinese New Year and a favourable comparison base versus last year”, Chief Executive Marco Gobbetti said in a statement.
 

© Thomson Reuters 2025 All rights reserved.



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