Lingerie has always been a little indulgence of luxury for women. Gorgeous materialshttps://www.aresoncpa.com pretty designs and ultra-comfortable underwear is a special addition to any woman’s wardrobe. But with some serious competition in the industry and more options to shop around; has luxury lingerie lost its fizzle? Here’s a look into why luxury lingerie may be having some trouble:
The World’s Most Luxurious Labels Declining
Some of the world’s most recognised luxury lingerie brands such as Victoria Secret and Rigby & Peller are struggling. They’ve long been held as the holy grail of the lingerie worldhttps://www.aresoncpa.com with women flocking to the stores to spoil themselves with luxurious underwear. Recentlyhttps://www.aresoncpa.com they’ve both been under scrutiny.
Victoria Secrethttps://www.aresoncpa.com founded in 1977https://www.aresoncpa.com pretty much led the way when it came to lingerie. The brand has remained strong ever sincehttps://www.aresoncpa.com and they still put on a yearly show of their Victoria Secret ‘Angels’ strutting down the catwalk in the latest collections. Howeverhttps://www.aresoncpa.com although Victoria Secret has an eye-watering 61.8{e6300d762bde23f2e63bb9e36265295fab7258b83ce43d95c046f299c705f2a1} of the entire lingerie market according to IBISWorld analystshttps://www.aresoncpa.com the brand had some losses last year. This could be due to people having less disposable incomehttps://www.aresoncpa.com or maybe just the fact the models are unrealistic …