Why Everyone is Sick of Luxury Brands

The luxury market is crumbling, and up to an 111% increase on handbags isn’t helping. *Get the report on 10 Emerging Brands in Luxury Fashion:* https://clickhubspot.com/ohoq Louis Vuitton, Gucci, Chanel, and more luxury brands are seeing a widespread decline in sales in two critical markets: the United States and China. These brands have a long history of expensive luxury goods, but sales volumes show that people aren’t as interested in buying them today. So why not? In this video, we dive into the world of designer fashion and luxury handbags, to find a few clear reasons as to what went wrong and why the downward spiral of these brands was largely avoidable. Editor's Note: At 0:00, the video shows Chanel's Classic Flap bag instead of Chanel's 2.55 leather flap bag. The Hustle regrets the error. Get the 5-minute newsletter keeping 2M+ innovators in the loop: https://clickhubspot.com/7fz7 Subscribe to The Hustle: 🔗 https://clickhubspot.com/vu3l Get the 5-minute newsletter keeping 2M+ innovators in the loop 🔗 https://clickhubspot.com/3kln About HubSpot: HubSpot is a customer platform that provides education, software, and support to help businesses grow better. The platform includes marketing, sales, service, commerce, operations, and website management products that start free and scale to meet our customers’ needs at any stage of growth. Today, thousands of customers around the world use HubSpot’s powerful and easy-to-use tools and apps to attract, engage, and delight customers.