Vani singh’s Post

Is Luxury About Price – Or the Impact It Leaves? What’s the true price of a handbag? As luxury brands raise prices, we’re seeing an interesting trend: demand is steady, even growing. But here’s the real question – are we measuring value correctly? In the quest for exclusivity, what’s more valuable in a luxury handbag – the price you pay or its impact on the planet? At Two Green Ladies, we’re challenging the norms: • Proven to Last: Our vegan leather handbags are crafted for durability and tested to withstand the test of time. • Environmentally Kind: Each bag is made from high-quality, plastic-free vegan leather – designed to look and feel luxurious without causing harm. •. A Guilt-Free Choice: Stylish and sustainable, offering a choice you can feel great about every day. Is paying a high price worth it if the environment bears the cost? Follow us for more insights on redefining luxury, and join the conversation. Like, comment, or share if you believe in a new standard for luxury. What do you think is the true price of luxury?

Accessible Luxury: Let's talk about a trending retail term, thanks to Tapestry Capri Holdings Limited merger and rising luxury prices. 🛍️Accessible Luxury: The Tantalizing Yet Risky Middle Ground 👀 I've been closely watching the rise of "accessible luxury" - that lucrative sweet spot price range of $200-$800 where brands can offer quality and style without astronomical luxury price tags. With recent acquisitions like Tapestry's pursuit of Capri putting this category under scrutiny, it's clear accessible luxury is where brands want to play. However, there are valid concerns about getting stuck in this middle ground. ⚠️ The tricky positioning: While accessible luxury fills the gap between fast fashion and true luxury, it's also a precarious place to be. In tough economic times, consumers on a budget may trade down to fast fashion, while the highest luxury spenders rarely change habits. Those stretching to buy accessible luxury risk being the ones most impacted by financial constraints. 👛 Feeling the Pricing Pinch: Brands operating in this middle tier also have less flexibility on pricing often because the quality is still very high. 💡 Curation is Key: Brands can't just haphazardly release pricier items and expect them to work. Curating an intentional collection with a true luxury aesthetic is essential. Brands like STAUD have found success through dedicated bridal lines capturing the upscale audience. There are also a number of handbag lines doing really well in the accessible luxury space: Mansur Gavriel LITTLE LIFFNER and Cuyana are a few examples. 🚀 The middle ground is always risky, but the rewards of hitting that accessible luxury sweet spot could be massive for brands that navigate it successfully. While economic conditions will continually pressure this segment, its growth potential remains stellar for those making the right investments and tradeoffs. ❓What's your perspective on the accessible luxury opportunity and challenges? I'm always eager to discuss this fascinating space. Let me know your thoughts! This article by Madeleine Schulz for Vogue Business is a great read on the Accessible Luxury space.

Luxury: Where the Price Tag Outshines the Value Tag: 💹 👜 There's no denying the allure of luxury brands. They promise prestige, craftsmanship, and a touch of the extraordinary. However, from a purely practical standpoint, here's why buying luxury doesn't always make real sense: Price vs. Value: The price premium for luxury goods often far outweighs the actual increase in quality or functionality. You might be paying significantly more for materials that are marginally better, or for a brand name rather than a truly superior product. 📍 Depreciation: Luxury items often depreciate rapidly. That limited edition handbag might lose a significant chunk of its value the moment you walk out of the store. 📍 Opportunity Cost: The money spent on a luxury item could be used for more practical or long-term investments, like financial security, education, or experiences that offer lasting value. 📍 The "Keeping Up" Trap: The desire to keep up with the Joneses can push people into buying luxury goods they can't truly afford, potentially leading to financial strain and debt. Sure, there are situations where luxury purchases can be justified. Perhaps it's a timeless piece that will last a lifetime, or a special occasion gift that holds sentimental value. However, for most everyday purchases, the price premium for luxury often outweighs the tangible benefits. Here's the bottom line: buying luxury can be a purely emotional decision, driven by the desire for status, exclusivity, or a sense of achievement. But when it comes to "real" value in a purely practical sense, there are often better ways to spend your hard-earned money. What's your view? (Note: The picture is just for representation purpose!) #brand #luxury #value #marketing #growth

🌟 The best practices for buying and selling pre-owned luxury items 🌟 Have you ever wondered how to navigate the second-hand luxury market successfully? Whether you're a collector or a seller looking to maximize the value of your items, here are some essential tips to help you make the most of this experience! 1️⃣ Authenticity first: When buying or selling pre-owned luxury items, authenticity is paramount. Make sure to source products from reliable sources and always verify the authenticity of items before concluding a transaction. 2️⃣ Seek trustworthy channels: Opt for trusted platforms and reputable resellers to buy or sell your luxury items. Specialized websites and renowned online stores often offer authenticity guarantees and a secure customer experience. 3️⃣ Know the market value: Before setting a selling price or making an offer on a pre-owned luxury item, conduct thorough research on its current market value. Consider factors such as the item's condition, rarity, and demand in the market. 4️⃣ Pay attention to details: When inspecting luxury items, meticulously inspect every angle. Look for signs of wear, defects, and imperfections that could influence the item's value. Buyers and sellers always appreciate transparency and honesty. 5️⃣ Communicate clearly: Whether you're a buyer or a seller, clear communication is essential to ensure a successful transaction. Clarify the terms of sale, payment methods, and delivery timelines from the outset to avoid misunderstandings. 📢 And stay tuned for our next exclusive offer at The Brand Collector! Soon, we'll be launching a Spa service to renovate pre-owned luxury handbags. Stay connected for more details! Share your own tips and experiences in the comments!  What are your best practices for buying or selling pre-owned luxury items? ✨ #Luxury #SecondHand #BuyingSellingTips #Authenticity #CustomerExperience #MarketValue

Discover Luxury with Purpose In the realm of high fashion, luxury has traditionally been defined by exclusivity, and craftsmanship. But today, it’s evolved into something more meaningful. It’s no longer just about owning a stunning piece, but also about making intentional, responsible choices that align with your values. We believe that shopping for high-end fashion can also be ethical and our goal is to make the luxury industry even more luxurious through a conscious, cleaner, and more sustainable approach. Whether you’re looking to buy, sell, valuate, authenticate, or repair your luxury items, we provide a full spectrum of services designed to offer both convenience and peace of mind. Read the full article: https://lnkd.in/dZmFQzpJ Shop, sell, valuate, authenticate, source or repair your favorite luxury pieces at TheRealLuxury: https://therealluxury.com/ #TheRealLuxury #sustainablefashion #luxury #repair #authentication

Here's a truth we don't talk about much in the luxury market but should: Status sells. INSEAD Professor David Dubois whose done extensive research into consumers' motivations for luxury purchases said, “Consumers’ enduring desire for luxury largely derives from the need for status, that is respect, admiration and voluntary deference afforded by others.” But that status can be expressed in a myriad of ways beyond sporting a logo handbag. For example, what Dubois calls "non-consumption behaviors," i.e. experiential luxuries, can yield equally high-status benefits. Read about it in my latest The Robin Report article with Chris Gray, Psy.D. The Buycologist Chandler Mount Affluent Consumer Research Company #luxuryconsumption #luxurypurchases #consumermotivation #status #conspicuousconsumption #quietluxury #affluentconsumers https://lnkd.in/eXhzHpbb

Dr. Deming's focus on quality, purpose, and enduring value brings a critical eye to luxury goods, often cutting through the superficial to highlight what truly matters in these categories. Just for fun I'm channeling the pragmatic wisdom of Dr. W. Edwards Deming, each of these luxury categories might be met with his sharp focus on quality, purpose, and the role of management in creating value. Here's what he might say about each. Here's the first ten I came up with. Remember, "Quality is One Thing, The Marketing is Quite Another"... Bob Rutherford channeling Dr. Deming. THE FIRST TEN OF FIFTY: 1. Luxury Watches: "A timepiece should tell time accurately. Anything beyond is decoration, not quality." #TimepieceElegance 2. Designer Fashion: "Style is fleeting, but true quality endures. Don't be swayed by trends; focus on craftsmanship." #HighFashion 3. Luxury Automobiles: "Luxury is often about perception. Performance and reliability are the real measures of value." #LuxuryCars 4. Fine Jewelry: "Jewelry's worth is in the materials and the skill of the craftsman, not the brand attached to it." #JewelryExcellence 5. Luxury Handbags: "Functionality should come first. A handbag that doesn't serve its purpose is waste, no matter the logo." #DesignerBags 6. Gourmet Food & Drink: "Quality in food is about consistency and ingredients, not just the price tag." #GourmetLuxury 7. Luxury Travel: "True luxury in travel is about experiences and service, not just lavish surroundings." #TravelInStyle 8. Exclusive Fragrances: "A fragrance should evoke memory and emotion, but never at the cost of overwhelming the senses." #ScentOfLuxury 9. High-End Electronics: "Technology should simplify life, not complicate it with unnecessary features." #TechLuxury 10. Luxury Skincare: "Skincare products must deliver on their promises, or they are just expensive creams." #BeautyLuxury

👉 @14xpakistan is a #luxury handbag brand that brings exclusivity and high-end craftsmanship to Pakistan’s #fashion scene. With its impeccably designed and distinctive products, 14X caters to the country’s growing class of style-conscious consumers, offering a local alternative to #international luxury brands. The brand promotes premium craftsmanship, supports local artisans, and boosts Pakistan’s creative #economy by encouraging high-quality production and job creation. 👉 The rise of 14X benefits Pakistan by elevating its #fashion industry, positioning the country in the #global luxury market, and meeting the increasing demand for high-end products among affluent #buyers. However, 14X’s emphasis on exclusivity raises concerns about accessibility, as its high prices limit access to only a small, elite clientele. This focus on luxury may also put pressure on local mid-tier handbag brands and smaller businesses, which could struggle to compete with 14X’s niche market. 👉 Additionally, as 14X gains popularity, it will face competition from international luxury brands that already appeal to Pakistan’s elite. The challenge for 14X will be to maintain its exclusivity and #innovation while ensuring it remains competitive and relevant in a rapidly evolving luxury market. 👉 In conclusion, 14X is transforming Pakistan’s luxury #handbag market by offering exclusive, #premium products. However, its rise prompts questions about accessibility, competition, and the #future of #local brands in this competitive space.

One of the most common misconceptions about luxury is with regard to its cost. In a press interaction, American designer and brand owner Calvin Klein said, “The price tag doesn’t have to be steep for something to qualify as a luxury product”, debunking the common myth that luxury, by its very definition, has to be expensive. (article attached for full read) In today’s times, millennials hustle through their lives wanting to be able to experience an elevated lifestyle. There is a growing understanding that world class quality, design and craftsmanship comes at a price but it need not be sickeningly expensive. Value for money is no longer defined by cheap or discounted products but “price worthiness”. Brands and marketers are therefore striving to offer consumers the best of functionality, quality and design for a lot less making luxury more achievable. Other segments including SUV cars, premium two-wheeler motor bikes, beauty and skin care products, Health food and such others are witnessing better quality products being offered at a premium but achievable price. In this dynamic market, the challenge for brands will be adjusting their marketing strategies to align with evolving patterns of consumer engagement. We will see more brands enter the affordable luxury space either through brand extensions by incumbent luxury brands, international brand entrants or new home grown D2C brands creating waves in the affordable luxury space. The economic indicators support the trade up and premiumisation that is being witnessed in several categories. There is a need gap in this growing segment of aspiring customers who want to experience the best things in life, and want to do so Now! https://lnkd.in/gTEvhE97

I’m genuinely surprised to see how luxury is evolving in such a thoughtful direction. At Zurich Airport, this morning I discovered Pre-Loved Luxury. This is more than a marketing initiative – it represents real change. By offering unique, vintage pieces at attractive prices, each carefully selected and certified for authenticity, Pre-Loved Luxury illustrates how sustainability and timeless elegance can coexist seamlessly. This approach proves that luxury doesn’t always mean new; sometimes, it’s about valuing what has stood the test of time. Discover how sustainable style can be both fulfilling and beautiful, and let’s work together to reshape the future of fashion. The preloved luxury market is thriving, experiencing significant growth driven by changing consumer preferences, sustainability concerns, and digital advancements. Market Growth and Projections • Global Expansion: The secondhand luxury goods market was valued at approximately $31.12 billion in 2022 and is projected to nearly double, reaching $58.3 billion by 2028. • Growth Rate: This sector is growing four times faster than the primary luxury market, with an annual growth rate of 12%, compared to just 3% for new luxury goods. Regional Insights • Asia-Pacific Surge: The secondhand luxury market in Asia-Pacific reached $7.2 billion in 2022 and is expected to grow annually at 9.75%, reaching $12.5 billion by 2028. • China’s Market: China’s secondhand luxury market is valued at over $8 billion, reflecting a growing interest among consumers in preloved luxury items. Consumer Demographics • Younger Generations Leading: Millennials and Generation Z are the largest participants in the secondhand luxury market, with 54% of Gen Z and 48% of millennial luxury consumers purchasing preowned goods. • Sustainability and Affordability: These consumers are motivated by sustainability concerns and the desire for more affordable access to luxury items. Brand Participation • Luxury Brands Engaging: Brands like Gucci, Alexander McQueen, and Chloé are embracing secondhand sales to attract younger clients and promote sustainability. • Online Platforms: Digital platforms such as The RealReal, Vestiaire Collective, and ThredUp are fueling the preloved luxury market by offering authentication services and a broad selection of products.