As Global Luxury Slumps, Middle East Piles On

Categories:Other Brands

We’ve touched on many of the macroeconomic factors impacting the luxury market – currency swings, travel patterns, security issues, among many others. But one that hasn’t gotten a lot of attention is the price of oil. Over the last few decades, luxury spending in oil-rich nations like Saudia Arabia and the UAE has been pivotal to global revenue growth. But in troubling news for the industry, the price of oil is down – that means sales are too. The price of crude has fallen over 50% since 2014. This slump has consequences for all of the biggest names. Hermes CEO Axel Dumas was blunt in his comments to Bloomberg: “We’ve experienced a fairly strong drop in traffic in the Middle East.”

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Middle-East luxury sales growth was stagnant in 2015 after growing 4% in 2014, and a fifth of respondents in a recent Bain survey of Persian Gulf countries said they deliberately cut luxury spending. According to Global Blue, duty free spending by shoppers from the UAE, Qatar, Saudi Arabia and Kuwait was flat in March after growing for seven straight months. This is bad news for an industry already struggling in critical regions like Europe and China. There was some expectation that the declining euro would make shopping abroad more attractive for Middle East tourists, but retailers aren’t seeing the type of boost they expected.

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Luxury Shopping in Doha, Qatar

Are you in one of these countries? What are you seeing on the ground? Are the stores less full than in years previous? Join the conversation on BopTalk.

Read related articles below:
Luxury 2016: The Year of Struggle
Luxury Market Expected to Bottom Out This Year
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Luxury Market Expects Weakest Year Since Lehman Crash
The Luxury Market after the Paris Attacks?
Global Price Implications on Chanel Street
Why Western Luxury Retailers Should Still Be Looking East

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@pursebop visits the Gold Souk market in Dubai, Dec 2015.

Luxury Market Expected to Bottom Out This Year, read more here. @gorgeous_daily_dose

Tags: On Luxury as Global Slumps Middle East Piles

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Best Black Friday Deals On Luxury Brands: Get Savings On Authentic Designer Purses!

Categories:Other Brands

As promised, I will keep you updated on the best Black Friday deals of this year, for both authentic designer items and replica bags. I will dedicate this post to our favorite luxury sites. So let’s see what they have planned for us this year!

Best Black Friday Deals 2015

It’s not a secret anymore, luxury brands and retailers have started joining the Black Friday sales as well in the past years and we couldn’t be happier!

Sure, even though luxury items are still expensive even when discounted, it’s still great that we can buy items that are usually not accessible! I know what you are wondering right now: so when is Black Friday sale? Well, the majority of Black Friday deals take place on the 27th of November but some retailers offer early Black Friday deals or offer Black Friday deals for more than just one day.

Some of the luxury sites I’ve checked have already announced their Black Friday deals for 2015 even though the promotion is not live yet but I hope that others fashion retailers will follow. That’s why we should keep looking for the best Black Friday deals in the next days, maybe some sites haven’t been updated yet. By Monday before Thanksgiving all Black Friday deals should be on the sites.

So here are the best Black Friday deals I’ve found so far. If you found another Black Friday promotion that’s not in the list, please leave a comment and I’ll update the post!

Macy’s

Macy's Black Friday Deals 2015

Macy’s Black Friday Deals

Macy’s has already dedicated a special page on their site to the Black Friday deals. They announce “amazing savings on clothing, shoes and accessories for her and him, and must-have beauty and jewelry items” and other spectacular sales and you can check out their deals here.

Nordstrom

Nordstrom Black Friday Deals 2015

Nordstrom Black Friday Deals

I’m sure that many of you will be extremely glad to hear that Nordstrom also joins Black Friday 2015 sales but a day earlier! So mark your calendar for Thursday, November 26 if you’re planning to buy anything from here! Here are more details on Nordstrom’s Black Friday items.

Belk

Another site that offers Black Friday purse deals is Belk.com. They offer discounts for a number of designer handbags (such as Coach and Michael Kors) but also for wallets. You can find their selected Black Friday items here.

Saks OFF 5TH

Saksoff5th.com Black Friday Sale 2015

Saksoff5th.com Black Friday Sale

Saksoff5th.com is yet another important fashion retailer that deserves our attention these days. This site was originally conceived as a clearinghouse for Saks Fifth Avenue merchandise but this doesn’t mean that you won’t be able to find some really nice designer bags here! Still, keep in mind that we’re talking about some of the most expensive luxury brands in the world here! So even when they’re discounted they’re still expensive as hell! For example, they offer a 61% discount for the Valentino Glitz Engraved Shell Clutch. Sounds great, right? Well, the original price was $3,811 and now it costs “only” $1,477…See what I mean?

Other famous sites that sell designer items also have sales at the moment, just not Black Friday sales. I don’t know if they’re going to announce their Black Friday 2015 sales later or if they just won’t have any Black Friday deals, but we’re going to find that out very soon. If you’re interested in these sales, here are the sites I’m talking about:

Theoutnet.com has some really cool discounts for a list of selected designer handbags (up to 60% off for some of them). These discounts are quite impressive but the truth is that authentic designer handbags will never be as affordable as replica handbags, not even when they’re discounted! Neimanmarcus.com also offers up to 40% for handbags and more and you should also check Last Call by Neiman Marcus (lastcall.com), which is the outlet branch of Neiman Marcus and is more likely to offer big discounts. They will have Black Friday deals on November 27 and the countdown has already begun:

Lastcall.com Black Friday 2015

Lastcall.com Black Friday 2015

After checking all the major luxury brands online retailers, these are the best Black Friday deals I’ve found so far. Now I don’t know about you but I’m more interested in the Black Friday sales on replica bags because that’s where the real savings are! The next post will be about Black Friday purse sales – replica edition, so stay close!

Tags: designer Black On Luxury Best Deals Friday Brands: Get Savings Authentic Purses!

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Reed Krakoff’s Bags for Kohl’s Will Look Awfully Familiar to Luxury Shoppers

Categories:Other Brands

Tags: bags For To Look Reed Krakoff’s Kohl’s Will Awfully Familiar Luxury Shoppers

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