http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2025, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Sat, 01 Feb 2025 22:00:00 -0500 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Hot+List/BofA%3A+Is+luxury+back+in+fashion%3F/24281757.html <p>BofA is out with a report on the state of luxury spending among US consumers.<br /><!--[endif]--></p><p>Using aggregated credit and debit card data the report found that luxury spending has been declining over the last ten quarters year-on-year. However, there are signs of early green shoots heading into 2025, says the report.</p><p>Traditionally, US customer’s luxury spending increasingly occurs abroad, and BofA brick-and-mortar card data shows 13% of 2024 luxury spending was abroad—higher than in 2023 and 2019. This trend is even more pronounced among the top 5% of households by income and with 10% YoY growth.</p><p>Another notable trend is that consumers http://www.streetinsider.com/Hot+List/BofA%3A+Is+luxury+back+in+fashion%3F/24281757.html Sat, 01 Feb 2025 22:00:00 -0500 FINE http://www.streetinsider.com/Hot+List+Pro/BofA%3A+Is+luxury+back+in+fashion%3F/24281757.html <p>BofA is out with a report on the state of luxury spending among US consumers.<br /><!--[endif]--></p><p>Using aggregated credit and debit card data the report found that luxury spending has been declining over the last ten quarters year-on-year. However, there are signs of early green shoots heading into 2025, says the report.</p><p>Traditionally, US customer’s luxury spending increasingly occurs abroad, and BofA brick-and-mortar card data shows 13% of 2024 luxury spending was abroad—higher than in 2023 and 2019. This trend is even more pronounced among the top 5% of households by income and with 10% YoY growth.</p><p>Another notable trend is that consumers http://www.streetinsider.com/Hot+List+Pro/BofA%3A+Is+luxury+back+in+fashion%3F/24281757.html Sat, 01 Feb 2025 22:00:00 -0500 FINE http://www.streetinsider.com/Hot+List/UBS+discusses+luxury+stocks+outlook+for+2025/24078501.html <p>Valuations and estimates of luxury stocks have come down significantly since a year ago, which raises the question of whether they may be ready to bounce back in the coming year. In a note to clients providing their outlook on the European luxury sector in 2025, analysts at UBS consider consumer demand across key markets as well as other themes that will be important.</p><p>According to the firm, while downside risk may be limited, there are signs that “luxury fatigue” has set in and will weigh on the sector, as consumers increasingly question the ‘value for money’ that luxury brands offer.</p><p>“[W]e http://www.streetinsider.com/Hot+List/UBS+discusses+luxury+stocks+outlook+for+2025/24078501.html Sun, 08 Dec 2024 04:00:00 -0500 FINE http://www.streetinsider.com/Hot+List+Pro/UBS+discusses+luxury+stocks+outlook+for+2025/24078501.html <p>Valuations and estimates of luxury stocks have come down significantly since a year ago, which raises the question of whether they may be ready to bounce back in the coming year. In a note to clients providing their outlook on the European luxury sector in 2025, analysts at UBS consider consumer demand across key markets as well as other themes that will be important.</p><p>According to the firm, while downside risk may be limited, there are signs that “luxury fatigue” has set in and will weigh on the sector, as consumers increasingly question the ‘value for money’ that luxury brands offer.</p><p>“[W]e http://www.streetinsider.com/Hot+List+Pro/UBS+discusses+luxury+stocks+outlook+for+2025/24078501.html Sun, 08 Dec 2024 04:00:00 -0500 FINE