Carol Ryan, The Wall Street Journal Journalist Profile

Articles

Louis Vuitton’s Owner Looks Down-at-Heel Even Before Tariffs Hit: Heard on the Street

1 week ago | wsj.com | Carol Ryan

LVMH’s latest sales figures show Chinese and U.S. demand for luxury goods was wobbly—even before the trade war between the two countries kicked off in earnest. The disappointing start to the year is a bad omen for the industry, and things are likely to get worse as the effects of tariffs ripple through markets and economies. Shares in Louis Vuitton's owner sank Tuesday, after the company said sales fell 3% over the three months through March compared with a year earlier.
How to Tell What Your Home Will Be Worth in a Trade War

1 week ago | wsj.com | Carol Ryan

As it is, there is no relief on the rate front so far. In fact, long-term U.S. Treasury rates were rising this week, further muddying the housing waters. In such an uncertain, fast-changing environment, investors and home hunters should watch these metrics for clues about where things are heading next. 10-year Treasury yields Mortgage rates reflect moves in the 10-year Treasury yield, which surprisingly rose this week.
貿易戦争下でも売れる高級ブランドは？

2 weeks ago | on.wsj.com | Carol Ryan

景気悪化も予想される中で高級ブランドはデザイン戦略のジレンマを抱える　景気が悪化すれば、人々はクローゼットの中から何を選ぶだろうか。たいていは、地味で保守的な服だろう。高級ブランドは独創性に力を入れることで販売不振の長期化から抜け出すことを狙っていたが、ドナルド・トランプ米大統領に大きく足を引っ張られることになった。　ホワイトハウスが仕掛けた関税戦争によって、2025年に世界的なリセッション（景気後退）が起きる確率は60％に上昇したとJPモルガンはみている。景気が悪化すれば人々の間で富をひけらかすことへの抑制が働き、控えめなデザインの方が売れ行きが良くなることが多い。派手なファッションは景気が回復して初めて売れるようになる。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8ウォール・ストリート・ジャーナル日本版今すぐ購読する Special Advertising Section アクセスランキング
貿易戦争下でも売れる高級ブランドは？

2 weeks ago | jp.wsj.com | Carol Ryan

景気悪化も予想される中で高級ブランドはデザイン戦略のジレンマを抱える　景気が悪化すれば、人々はクローゼットの中から何を選ぶだろうか。たいていは、地味で保守的な服だろう。高級ブランドは独創性に力を入れることで販売不振の長期化から抜け出すことを狙っていたが、ドナルド・トランプ米大統領に大きく足を引っ張られることになった。　ホワイトハウスが仕掛けた関税戦争によって、2025年に世界的なリセッション（景気後退）が起きる確率は60％に上昇したとJPモルガンはみている。景気が悪化すれば人々の間で富をひけらかすことへの抑制が働き、控えめなデザインの方が売れ行きが良くなることが多い。派手なファッションは景気が回復して初めて売れるようになる。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8ウォール・ストリート・ジャーナル日本版今すぐ購読する Special Advertising Section
貿易戦争下でも売れる高級ブランドは？

2 weeks ago | on.wsj.com | Carol Ryan

景気悪化も予想される中で高級ブランドはデザイン戦略のジレンマを抱える　景気が悪化すれば、人々はクローゼットの中から何を選ぶだろうか。たいていは、地味で保守的な服だろう。高級ブランドは独創性に力を入れることで販売不振の長期化から抜け出すことを狙っていたが、ドナルド・トランプ米大統領に大きく足を引っ張られることになった。　ホワイトハウスが仕掛けた関税戦争によって、2025年に世界的なリセッション（景気後退）が起きる確率は60％に上昇したとJPモルガンはみている。景気が悪化すれば人々の間で富をひけらかすことへの抑制が働き、控えめなデザインの方が売れ行きが良くなることが多い。派手なファッションは景気が回復して初めて売れるようになる。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved.
What Luxury Sells in a Trade War? Not the Bold Designs Brands Were Banking On

2 weeks ago | wsj.com | Carol Ryan

This is a headache for luxury brands. The “quiet luxury” trend that saw consumers spend huge sums of money on well-made, but unexciting, clothes, has already dominated fashion since 2019. Even Silicon Valley tech billionaires embraced it. Jeff Bezos is a fan of Brunello Cucinelli, a Milan-listed brand that sells $650 plain cashmere beanie hats and $9,000 bomber jackets.
This Recession Trade Is Happening in Property Stocks: Heard on the Street

2 weeks ago | wsj.com | Carol Ryan

Property investors think American consumers will prioritize paying the rent and their cell-phone bills in a trade war. All bets are off for other non-essential spending. That is leading to a classic recession trade within real-estate stocks. Shares of the most economically sensitive property companies are cratering, especially those that are heavily exposed to discretionary spending.
Luxury Stocks Take Tariff Lumps: Heard on the Street

3 weeks ago | wsj.com | Carol Ryan

Immediate losers from President Trump's tariff onslaught are Swiss watches and charm bracelets. Switzerland faces a 31% tariff on exports to the U.S., higher than the 20% rate on EU goods like French champagne and Italian handbags. This hit the shares of Richemont, the maker of Swiss watch brands Vacheron Constantin and Piaget, as well as Omega's owner Swatch. Danish charm-bracelet maker Pandora fell 12%.
Selling Your House This Spring? You Might Need to Cut the Price

3 weeks ago | wsj.com | Carol Ryan

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Shaky Consumers Rattle Luxury Brands: Heard on the Street

1 month ago | wsj.com | Carol Ryan

Americans bought fewer goods at luxury stores last month, in the latest sign of weakening consumer spending. Credit card data released by Citi on Tuesday showed U.S. spending on top luxury brands dropped 5% in February compared with a year ago, following two months of positive growth in December and January. The number of transactions was down sharply, while average transaction value was up—possibly a sign that middle-income shoppers pulled back more than the wealthiest.