About this episode
The episode discusses the challenges facing the luxury market and explores the concept of accessible luxury as a potential strategy.
Luxury is slowing down globally — with major brands seeing sales dip as consumers pull back on discretionary spending. But Michael Hill’s CEO says the picture isn’t that simple. We unpack what’s really driving the downturn, from shifting global demand to rising gold prices — and why “accessible luxury” could still be a winning strategy. This bite is from our episode ‘Pressure makes diamonds: Michael Hill’. For more or to watch on YouTube—check out http://linktr.ee/sharedlunch For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target…
People in this episode
Host: Sharesies
Topics covered
- luxury market
- consumer spending
- global demand
- gold prices
- accessible luxury
Keywords
- luxury sales
- discretionary spending
- global market trends
- Michael Hill CEO
- economic downturn
Sponsors
Sharesies
Mentioned in this episode
Organizations: Michael Hill
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