International News
LVMH’s Watches & Jewelry Division Holds Steady at €2.48B in Q1 2025
Despite a turbulent global backdrop, LVMH’s Watches & Jewelry arm posts stable revenue, driven by Tiffany & Co.’s global expansion and creative campaigns from Bvlgari and Chaumet.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury conglomerate, reported stable performance in its Watches & Jewelry division for the first quarter of 2025, with revenue reaching €2.482 billion. This marks a slight increase of 1% from €2.466 billion in Q1 2024. On an organic basis, which excludes currency fluctuations, the division’s revenue remained flat — a reflection of resilience in the face of ongoing economic and geopolitical headwinds.
Representing 11% of the group’s total Q1 revenue, the division was buoyed by the continued momentum of Tiffany & Co., which expanded its iconic collections and accelerated the global rollout of its new store concept inspired by The Landmark, its flagship location in New York City.
Bvlgari tapped into cultural storytelling with its celebration of the Year of the Snake, bringing new energy to its legendary Serpenti line through immersive art exhibitions in Shanghai and Seoul. Meanwhile, Chaumet spotlighted its rich heritage by reimagining the Bee de Chaumet collection, unveiling refreshed designs that emphasize the brand’s artisanal excellence and historical depth.
Despite market uncertainties, LVMH’s Watches & Jewelry division maintained its footing through a blend of innovation, craftsmanship, and strategic brand storytelling.
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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