Carol Ryan

3 weeks ago | wsj.com | Carol Ryan

The moves are a problem for European luxury companies. Their businesses thrive when the dollar and renminbi are strong and the euro is weak. High-end brands manufacture their goods in Italy and France, so their costs are in euros. But they do most of their business with Chinese and American consumers, who together generate more than half of the luxury-goods industry’s sales. Meanwhile, investors and central banks crowd into gold, creating another irritant for brands.

3 weeks ago | wsj.com | Carol Ryan

The Hermès Birkin handbag appears to be playing its usual role in a downturn: as bait to bring customers to other parts of the brand's store. The French luxury company's shares slipped after it reported slightly lower-than-expected 7% sales growth for the first quarter. Demand in Mainland China was muted as the country’s real-estate crisis continues to dent consumer confidence. But business was good everywhere else.

4 weeks 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.

1 month 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.

1 month 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