{"id":129683,"date":"2024-01-17T13:06:49","date_gmt":"2024-01-17T12:06:49","guid":{"rendered":"https:\/\/luxus-plus.com\/hsbc-revises-downwards-its-forecast-for-luxury-goods-sales-growth-in-2023\/"},"modified":"2024-01-17T13:06:59","modified_gmt":"2024-01-17T12:06:59","slug":"hsbc-revises-downwards-its-forecast-for-luxury-goods-sales-growth-in-2023","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/hsbc-revises-downwards-its-forecast-for-luxury-goods-sales-growth-in-2023\/","title":{"rendered":"HSBC revises downwards its forecast for luxury goods sales growth in 2023 <img class=paid src=\/paid.png>"},"content":{"rendered":"<h4>HSBC issues a warning to the luxury goods sector, revising downwards its growth forecasts for 2023. In a recently published sector note, the bank highlights weaker-than-expected holiday demand for luxury goods. This revision is accompanied by significant adjustments to price targets for iconic brands.<\/h4>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p>In a sector note published on <strong>Tuesday January 16, HSBC<\/strong> highlights the current challenges facing the luxury goods sector, offering a critical perspective on consumer trends and the adjustments needed to maintain sustained growth.<\/p>\n<p>&nbsp;<\/p>\n<p>According to the bank, <em>&#8220;demand for luxury goods was probably weaker than expected during the holiday season in Europe and the United States, which was not necessarily offset by improved sales figures in China in the fourth quarter compared with the third quarter of 2023.&#8221;<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>HSBC points out in its note that <em>&#8220;rising prices are likely to be an issue for consumers in mature markets&#8221;.<\/em><\/p>\n<p>&nbsp;<\/p>\n<h2>Rising prices in the world of luxury<\/h2>\n<p>&nbsp;<\/p>\n<br \/>\n<br \/>\n\t\t<section 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luxury.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Receive the essential luxury business news by email every week<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" 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active member of the community of luxury leaders.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cccfb5 elementor-widget elementor-widget-image\" data-id=\"7cccfb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1280\" height=\"680\" src=\"https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier.webp\" class=\"attachment-full size-full wp-image-137641\" alt=\"\" srcset=\"https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier.webp 1280w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-300x159.webp 300w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-1024x544.webp 1024w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-768x408.webp 768w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-480x255.webp 480w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-750x398.webp 750w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t\t<br \/>\n<\/p>\n<p>&nbsp;<\/p>\n<p>Read also&gt;<a href=\"https:\/\/luxus-plus.com\/en\/hong-kong-is-once-again-attracting-the-interest-of-luxury-brands\/\">HONG KONG IS ONCE AGAIN ATTRACTING THE INTEREST OF LUXURY BRANDS<\/a><\/p>\n<p>Featured photo : \u00a9Moncler<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HSBC issues a warning to the luxury goods sector, revising downwards its growth forecasts for 2023. In a recently published sector note, the bank highlights weaker-than-expected holiday demand for luxury goods. This revision is accompanied by significant adjustments to price targets for iconic brands.<\/p>\n","protected":false},"author":513,"featured_media":129668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"HSBC issues a warning to the luxury goods sector, revising downwards its growth forecasts for 2023.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[1964,24,5868],"tags":[23653,22968,23046,22394,23220,23023],"class_list":["post-129683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brand-strategy","category-business","category-retail","tag-abonnes-en","tag-economy","tag-finance-en","tag-focus-en","tag-studies","tag-world"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/129683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/513"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=129683"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/129683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/129668"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=129683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=129683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=129683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}