Lauren’s guest is Bernstein analyst Luca Solca. They run through the Q2 2026 earnings reports from LVMH, Kering, Hermes, and more, and take a mid-year temperature check on the industry. Is luxury set for a major comeback, or is the middle ground the new normal for everyone but Chanel? Plus, Lauren reviews purchases from Nike Skims.

Is the Luxury Industry Okay?

Fashion People

Fashion trends aren't always easy to predict, but brands aren't exactly flying blind either. By the time a trend looks obvious, wholesale usually has been signaling it for a while. Wholesale often shows you demand before DTC does. You see it in what buyers order, what gets reordered, which regions heat up, and which categories quietly start moving. And when brands work with major retailers, they're not just getting distribution. They're gaining another layer of intelligence from retailers that already have their own market research and audience insights.

And those signals don't come from just big accounts. Specialty stores often surface the earliest clues, well before the rest of the market catches on. New Order by Lightspeed sits close to that data every day across a network of more than 500,000 retailers and 7,000 brands spanning apparel, footwear, luxury, sports, and outdoors, and accessories. Because wholesale isn't just distribution. It's a live read on demand.

New Order's latest research back set up, 67% of brands are already using sell-through data to inform decisions. That's what New Order is built for. Bringing wholesale ordering, inventory, and retail partner data into one connected platform so brands can plan smarter and move faster. Learn more at neworder.com. That's N-U-O-R-D-E-R dot com.

Hello and welcome to Fashion People. I'm Lauren Sherman, writer of Pucks Fashion and Beauty Memo Line Sheet. And today with me on the show is Bernstein analyst, Luca Solca. We're talking first half 2026 results from LVMH, Caring, Hermes, and plenty more.

Before we get going, I wanted to remind you that if you like this podcast, you'll definitely love Puck where I send an email called Line Sheet. If you're a fashion person, you get that reference.

Is the Luxury Industry Okay?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Is the Luxury Industry Okay?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.