Handcraft never can be compared to industrial production, is true that Mercedes-Benz AG is a brand with a Luxury selection of cars, also true that Mercedes-Benz AG this days applies with very careful the ultimate experience to customers, and are seeking to navigate the best possible with an automobile crises principally in Europe, and probably is incomparable this two brands in the perspective of production, the brilliant explanation that #pierrealexisdumas artistic director - vice president Hermès offers in this interview to 60 MINUTES, says all, this is Luxury, a single person that produces a single bag, spending more than 20 hours, using all the knowledge to produce the best product ever, this is truly what a Luxury client looks for!! when this client buys a product this special, is ready to pay for it, and totally understans the cost, but let’s be fair, is Hermès offering an ultimate experience to the customers? It is enough, in therms of sustainability for a brand like Hermès, ensure just by desire a waiting list for more than 3 years?? Is this what the brand looks for? What about the customers expectations?? Never in such a short space of time so many complaints including lawsuits occurred in the brand, maybe so much power over the customers desire is taking the brand to a level of “presumption” that takes many to frustration and disappointment!! But this tremendous power, most part of the time resides in the hands of the store manager, she or he decides if the customer deserves to have this or that article, it is in this precise moment, that this person becomes “GOD”, the decision is not only based on the rules, a touch of felling is added, an immediately scan of the customer is made and results in the decision, is this what a Luxury customer looking for?? Is this truly an Luxury experience, I believe that now more than ever, the brands needs to be aware, the young generations are abandoning the sense of acquisition, and truly enjoying experience, maybe “GOD” now resides in hospitality and branded CoffeeShops 🤔🤔!! Truly in the end the final decision relies in customer choice!!!
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Turn Challenges into Opportunities with HighFashionExchange.com In the dynamic sector of haute couture and luxury, managing unsold inventory represents a major challenge, but also a unique opportunity. HighFashionExchange.com was created from the desire to transform this issue into a beneficial solution for all players in the field. Our exclusive B2B platform facilitates the resale of unsold stock, allowing luxury retailers and brands to maximize their margins while adopting a more sustainable approach. Why is HighFashionExchange.com a revolution for the sector? Elite Network: Gain access to a selective community of luxury brands and retailers, sharing the same standards of excellence. Sustainability: Contribute to the circular economy by giving a second life to exceptional products, thereby reducing the environmental impact of the sector. Commercial Efficiency: Thanks to our sophisticated interface, showcased in the advertisement, managing your inventory becomes both simple and efficient, allowing you to dedicate more time to what really matters: creation and sales. Act Now Join HighFashionExchange.com to discover how we can help you turn your unsold inventory into lucrative and sustainable opportunities. Together, let's redefine the future of haute couture and luxury with intelligence and responsibility. Visit our platform to learn more and start your journey towards optimized and responsible stock management.
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🧐 What if Hermès designed a car? 🚗 We believe that 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗯𝗿𝗮𝗻𝗱𝗶𝗻𝗴 has the power to transcend industries. Imagine Hermès — renowned for its luxury craftsmanship and attention to detail—creating a car. The elegance, quality, and brand identity would shine through, no matter the product. This is the 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵 𝗼𝗳 𝗮 𝘄𝗲𝗹𝗹-𝗰𝗿𝗮𝗳𝘁𝗲𝗱 𝗯𝗿𝗮𝗻𝗱. Whether it’s fashion, automobiles, or something entirely new, a strong brand can expand into any space and still carry its essence. 🌟 Is your brand built to stand out, no matter where it goes? Let’s talk about how we can help you build a brand that resonates, adapts, and drives real growth. #𝗕𝗿𝗮𝗻𝗱𝗶𝗻𝗴 #𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 #𝗚𝗿𝗼𝘄𝘁𝗵 #𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 #𝗕𝗿𝗮𝗻𝗱𝗜𝗱𝗲𝗻𝘁𝗶𝘁𝘆 #𝗛𝗲𝗿𝗺𝗲𝘀 #𝗖𝗿𝗲𝗮𝘁𝗶𝘃𝗲𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 This caption focuses on the power of Hermès’ brand in a new context while connecting it back to how Beckitwell can help clients develop brands that stand out across different industries. Let me know if this aligns with your vision!
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Hermès, a 200-year-old luxury powerhouse, has managed impressive double-digit revenue growth in Q3 2024, with its stock rising nearly 10% this year. In contrast, competitors like LVMH and Kering (owner of Gucci) reported drops of 13% and 40%, respectively. Here’s how Hermès maintains its success in a shifting luxury market: 1️⃣ Scarcity and exclusivity: - Limited production of iconic items like the Birkin and Kelly bags drives up desirability. - Clients must build relationships with Hermès associates and make multiple purchases to qualify for these bags. - Only 2 Birkin or Kelly bags per client per year, ensuring demand consistently outpaces supply. 2️⃣ Minimal price inflation: - While competitors like Chanel raised prices by 8% in 2024, Hermès maintained more restrained increases (16% over recent years). - This controlled pricing positions Hermès products as timeless, high-value investments. 3️⃣ Unique approaches to brand growth: - Hermès prioritizes organic exclusivity over mass marketing or trend-based strategies. - It avoids using brand ambassadors, allowing the products to speak for themselves. - This steady, selective approach has driven its stock price up to over $2,200 per share, pushing market capitalization beyond $233 billion. ------------------------------------ In conclusion, Hermès proves that exclusivity and timeless appeal can be stronger assets than broad appeal and trend adoption. P.S: Follow Ananya Vairavarajan for Top 1% Marketing Intel :)
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How Hermès Blends Craftsmanship with Smart Marketing? In my view, Hermès’ success is due not only to their impeccable craftsmanship but also their ability to create personal, lasting relationships with their customers. They stand out by empowering local store managers to build these connections, making each customer feel valued and part of an exclusive experience. This approach goes beyond just selling a product—it builds loyalty and long-term value. For brands today, there’s a valuable lesson here: focus on relationships, not just transactions. How can your brand create the same sense of exclusivity and long-term value? Read more about Hermès’ strategy in the full article - https://lnkd.in/gbvnXi3G Sean Choi 🫰 Hermès
Case Study | Inside Hermès’ Best-in-Class Leather Goods Strategy
businessoffashion.com
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A new logo is great. A new idea is better. Every luxury brand, now, until the end of time, will rely on ornamenting its history to sell its wares. But, we’re reaching a new peak of savvy consumerism and it’s no longer enough. Inventive, substantive storytelling matters more than ever. Heritage is not a compelling enough facade at a time of endless price hiking and similar manufacturing processes. Brand separates the perceived frauds from the winners. Because the past alone no longer wins, Burberry has a new CEO. A new logo is great. A new idea is better.
Burberry skipped the story
fromafriend.substack.com
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With third-quarter sales up by an impressive 11.3%, Hermès remains a standout in the luxury market, even as other brands face a slowdown. The secret? A commitment to timeless quality, exclusivity, and a brand value that continues to captivate. Discover how Hermès is leading the way in a challenging market. https://lnkd.in/gNpA2nsr Data&Data - The intelligence of luxury provides vital insights into online sales trends and market shifts. Contact us to see how our intelligence tools can support your strategy. #DataAndData #AI #MarketInsights #Luxury
Hermès Continues to Outshine Rivals with Sales up 11.3%
businessoffashion.com
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🌟 Loewe's See-Now-Buy-Now strategy, betting on the success of "Challengers" by offering a special capsule from the Film 🌟 Loewe, renowned for its innovative approach, is doubling down on creativity with its latest venture. The luxury brand is set to launch a capsule collection inspired by the film "Challengers" directed by Luca Guadagnino and available for viewers from the last weekend of April. 🎬 Embracing Cinematic Inspiration: Loewe draws inspiration from the silver screen, infusing its collections with the essence of storytelling and cinematic allure. 💼 Elevating the Capsule Concept: The "Challengers" capsule promises to blend the worlds of film and haute couture into a seamless experience for consumers. 🚀 Bridging Art and Fashion: With this venture, Loewe seeks to blur the lines between art and fashion, creating a dialogue that transcends traditional boundaries. 🌟 Takeaway: Loewe's bold move to leverage cinematic inspiration for its latest capsule collection underscores its commitment to innovation and creativity. By merging the realms of film and fashion, the brand not only captivates audiences but also sets a new standard for luxury storytelling. #LOEWE #Challengers #FashionInnovation 🎥👗
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Hermès: Defying Convention in the Luxury Market As I posted a few days ago, Hermes has announced their second quarter sales and in an era dominated by data-driven strategies, Hermès continues to chart its own course. My upcoming book "The Luxpreneur," with it's focus on knowing your luxury client type and your own luxury brand type, provides budding Luxpreneurs with an explanation as to why this iconic brand's approach is both intriguing and counterintuitive: Matthias Weiskopf puts it succinctly: Hermès forgoes market research and trend forecasting, instead relying on the expertise of its in-house artisans. The brand operates without a centralised CRM system, eschewing typical customer follow-up and cross-selling tactics. Despite these unconventional methods, Hermès is thriving. Recent reports show a 13% increase in Q2 sales, with leather goods growing by an impressive 17.9%. This success comes at a time when many luxury competitors are facing challenges. What's behind this remarkable performance? Hermès maintains an unwavering commitment to exclusivity, quality, and timeless design. By prioritising craftsmanship over trends and resisting rapid expansion, they've preserved an aura of desirability that transcends economic fluctuations. In our digital age, Hermès reminds us that there's still immense value in trusting artistry and heritage. Their approach raises compelling questions about the future of luxury brand management. I'm curious to hear your thoughts. Is Hermès' strategy a blueprint for sustainable success in the luxury sector, or does it carry risks in our increasingly digital marketplace? https://lnkd.in/eKwNKSVP #LuxuryStrategy #BrandManagement #Hermes #TheLuxpreneur
Birkin handbag maker Hermes outshines rivals with big sales jump
reuters.com
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I am excited to share my latest contribution to Business Insider. The article covers Hermès, the iconic French luxury brand. I have followed Hermès extensively for years as the brand is best in global class. In this piece, I contributed to unpacking the remarkable success story of Hermès in the luxury industry. While many luxury giants, including LVMH and Kering, are facing slowing growth, Hermès defies this trend. The brand maintains strong demand and loyal customers worldwide, even in challenging times. Unlike brands chasing rapid expansion, Hermès focuses on quality, exclusivity, and timeless appeal. Their commitment to heritage and craftsmanship has built a loyal following that values authenticity. The brand’s strategy emphasizes scarcity and tradition over seasonal trends. We explore how Hermès positions itself beyond just a luxury label. They represent a legacy that resonates across generations, balancing heritage with modern relevance. It is fascinating to see how they adapt to consumer desires without compromising their unique identity. Hermès’ success is a testament to how strong values and authentic identity can build lasting success. In a competitive world, this brand stands as an example of enduring quality and vision. It is a privilege to contribute to media articles, particularly those that discuss how luxury and retail brands with forward-thinking leadership are shaping global success. If you are interested in luxury retail, I hope this article sheds light on what makes Hermès unique. Link to article: https://lnkd.in/dVN3qfVF Thanks to Business Insider and Maria Paz Noyen for the great article! Be Bold. Be Daring. Be Different! #luxury #leadership #strategy
Hermès isn't just surviving the luxury slump — it's thriving
businessinsider.com
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Brand Strategy | Brand Manager | Communication
2wExcelente ponto de vista Mónica Soares. No meu entender uma compra que se inicia por intensão de aquisição mas pode demorar até 5 anos, é uma excelente oportunidade de criar relação com um cliente. Os Gen Z procuram experiencia e provavelmente pouco valorizam o craftsmanship, cabe às marcas utilizar o craftsmanship para oferecer uma experiencia única, uma jornada conjunta entre a marca e o cliente durante o processo de manufatura.