Chanel, Armani, Tiffany's: What's killing ‘big logo' luxury brands?
Three years ago, they began adding handbags to the mix. 'We started with just one rack,' Lamme said.
Now, third-party authenticated handbags have a prized place in the centre of their busy stall, where they can sell more than 20 vintage Coach or Louis Vuitton bags from $200 to upwards of $1000 on a single weekend.
'It's getting more and more popular,' Lamme said. Some teenage girls come with their parents, who buy them their first designer bag. 'If they have three kids, they buy for three.'
The Sathalets' busy stall is a stark departure from what's happening at the big end of town. Some traditional 'big logo' luxury brands are battling declining profits and popularity among Australian shoppers who are making fewer in-store purchases and favouring more affordable options at resellers.
Fashion houses Chanel, Tiffany & Co and Giorgio Armani recorded declines among their Australian sales and profits in 2024, while Hermes and Prada have found ways to sharpen their competitive edge, according to recent financial reports filed to the corporate regulator.
Australia is no exception to global trends affecting a fall in the luxury market as it experiences its toughest slowdown since the global financial crisis, says the director of RetailOasis consultancy Trent Rigby.
Growth in the global luxury market in the years ahead is expected to slow to 1-3 per cent, from 5 per cent between 2019 and 2023, when luxury giants' profits tripled, a 2025 McKinsey report has found.
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ABC News
20 minutes ago
- ABC News
Claims fuel tanker heading to WA filled with banned Russian oil
Ukrainian and Australian campaigners say a tanker due to dock this week in Kwinana, 40 kilometres south of Perth, is laden with Russian oil, and are calling on the Albanese government to intervene. Seferis, which sails under a Greek flag, departed the Indian port of Sikka on July 11, carrying oil from the Jamnagar refinery in India, which processes Russian crude and is due to arrive in Kwinana on Sunday morning. It is understood diesel from the 250 metre-long tanker is destined for petrol bowsers across the state, prompting claims the money of everyday Australians is inadvertently helping Russia fund its war against Ukraine. Australia, along with the European Union and other members of the G7, have imposed sanctions on Russian oil since the start of the Russian invasion of Ukraine in February 2022. China, Türkiye and India have resisted pressure to apply sanctions and continued to import Russian oil. But chemical engineer and anti-Russian oil trade campaigner Mark Corrigan said in spite of the bans, Russian oil was still coming into Western Australia. He said much of the crude oil was supplied by the Kremlin-controlled oil and gas company Rosneft, and made its way to Jamnager from many parts of Russia. "Including ports from the the east coast, over at the end of the Siberian pipeline, it comes from the Black Sea, comes from the Baltic, goes down to India, gets refined. And then sanitised, it comes to Australia," he said. "And it would beggar belief that they put aside a special load [of non-Russian-sourced product] for Australia when Australia doesn't have any laws that prohibit the import of that sanitised fuel." He said while Rosneft had been sanctioned by the Australian government, as have Rosneft directors, Australia did not have laws to address the matter of its product coming to Australia through a refinery in a third country. "Even though it's been refined, but from Russian crude, it's it's not against the law," Mr Corrigan said. He said the diesel off the tanker heading to Kwinana would make its way into fuel bowsers all over the country. "It is imported into every terminal in Australia by every fuel company," Mr Corrigan said. "It's diesel, so anyone with their diesel ute or mining vehicles will be using oil that has started off as a hydrocarbon out of a Russian well. "You can't avoid it. Drivers cannot avoid this because unless the Australian government takes action, every fuel company in Australia is importing this fuel. "It's just about to become against the law in the EU, but Australia, as yet, hasn't made any moves to follow suit." Last week, the European Union applied sanctions to refineries that use Russian crude oil, as part of a new package further aimed at "cutting the Kremlin's war machine". The measure was aimed at putting pressure on India and targeting covert methods employed to subvert the sanctions on Russia, which include doing ship transfers of product mid-journey and transporting oil on a "shadow fleet" of tankers. Shadow fleets are vessel that use concealing tactics to transport sanctioned goods. "For the first time, we're designating a flag registry and the biggest Rosneft refinery in India." On Wednesday, federal independent MP Andrew Wilkie used the return of federal parliament to question the government's determination to police its sanctions against Russian oil. He said two vessels carrying 175,000 tonnes of oil from the Jamnagar refinery had this month berthed at Botany Bay in Sydney. "Why are the loopholes in our sanctions so big you can drive a tanker through them?" he asked Defence Minister Richard Marles. Mr Marles did not respond directly to the question. "Sanctions are an important part of what we are putting in place to stand with Ukraine," he told parliament. "At the NATO summit I announced increased sanctions to an additional 44 people and entities which add, which now means that in total there are about 1,500 people and entities in Russia which are the subject of Australian sanctions, which sees a significant impact on the Russian economy in areas such as electronic; areas such as energy; such areas such as finance and it is a really important part of what we need to be doing to contest Russia in this," he said. In a media release on July 19, the Australian Federation of Ukrainian Organisations (AFUO) described the cargo arriving in Australia on tankers as "blood oil". "Since February 2023, Australia has imported an estimated $3.7 billion worth of Russian crude, as a component in refined petroleum products from Indian refineries, sending around $1.8 billion in tax revenue to the Kremlin," AFUO chair Kateryna Argyrou said. "The flow of profits directly helps fund Russia's brutal war against Ukraine." She called on the Albanese government to extend its sanctions to the Indian refineries processing Russian crude. West Australian mining magnate Andrew Forrest has also raised concerns about the money of "Australian mums and dads" being sent back to Vladamir Putin through sanction-avoidance schemes. But Russian oil company Rosneft has described sanctions against Indian refineries as "unjustified and illegal". "These sanctions are yet another example of extraterritorial implementation of politically motivated restrictions that blatantly violate international law and infringe on the economic interests of a sovereign state," the company said in a statement. In a written statement, a spokesperson for the Department of Foreign Affairs and Trade said the Australian government continued to stand with Ukraine since "Russia's illegal and immoral invasion". "Australia has imposed strict sanctions and other trade measures to restrict the import, purchase and transport of oil coming from, or that originated in, Russia," the spokesperson said. "On 18 June, the foreign minister announced Australia's first sanctions against Russia's shadow fleet, to help starve Russia's war machine of oil revenue. They said further options were being evaluated to ensure that "Australia does not inadvertently fund Russia's war machine".
7NEWS
an hour ago
- 7NEWS
2026 Subaru Outback: Boxier SUV nears Australian launch, packing turbo power
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Perth Now
an hour ago
- Perth Now
2026 Subaru Outback: Boxier SUV nears Australian launch, packing turbo power
The seventh-generation Subaru Outback is set to continue offering both naturally aspirated and turbocharged four-cylinder boxer powertrains. Government documents list both '2.5i-L' and '2.4i-T' variants of the Outback as having been approved for Australian roads, though the largely blank documents don't shed any other light on the next-generation large SUV. Subaru Australia has been tight-lipped about the new Outback, which was revealed in April. It has yet to confirm launch timing, saying upon the Outback's reveal only that 'We look forward to sharing what these global debuts mean for the Australian market in due course.' When asked for an update, a Subaru Australia spokesperson said there was no news to share at this time. CarExpert can save you thousands on a new Subaru. Click here to get a great deal. Supplied Credit: CarExpert However, the appearance of the Outback in Australian Design Rule (ADR) certification documents suggests a local launch could occur within the next six months. The new Forester mid-size SUV, for example, appeared in ADR approval documents in February 2025, before launching here in July. The current Crosstrek small SUV had a gap of around five months between being approved for local roads and being launched. Should the Outback arrive here in early 2026, Australians would gain access to the all-new model just a few months after Americans. The Outback is going on sale in the US late this year. That short delay is in stark contrast with the outgoing Outback, which entered production in the US and went on sale there in late 2019. However, its Japanese-built counterpart didn't launch here until early 2021. Supplied Credit: CarExpert The turbocharged version of the outgoing Outback was delayed even longer, also launching in the US late in 2019 but not arriving here until early in 2023. In that instance, the Outback turbo was initially produced only in the US, with Japanese production not commencing until much later. This time around, the Outback is being produced exclusively in Japan. This means Subaru needs to have naturally aspirated and turbocharged versions ready for export to markets like ours and the US. It's a smaller pool of markets this time around for the Outback. Subaru won't offer the new, blockier model in Japan or Europe. In the latter market, the Outback name will live on, albeit with an 'E-' prefix, affixed to the electric Trailseeker revealed in April. Supplied Credit: CarExpert It's worth noting that ADR approval documents will sometimes list model variants that may not end up being introduced here. Nevertheless, it appears likely Subaru will stick with a turbocharged engine in the Outback locally, given the absence of a suitable replacement. That's in contrast with other crossover SUVs like the Mazda CX-5, which is dropping turbo power globally in favour of a hybrid system that will arrive later, or the updated Hyundai Kona lineup which has sacrificed turbo power locally in favour of an expanded naturally aspirated and hybrid powertrain lineup. The Outback is bigger than both those models and competes in the large SUV segment, where turbocharged engines – whether petrol or diesel – have become an expectation. Supplied Credit: CarExpert As before, naturally aspirated and turbocharged Outback variants will come standard with a continuously variable automatic transmission (CVT) with eight artificial gears, as well as Subaru's 'symmetrical' all-wheel drive system. The naturally aspirated 2.5-litre flat four produces 134kW of power and 241Nm of torque, while the turbo 2.4-litre produces 194kW and 376Nm. Subaru has yet to confirm a hybrid Outback, however, one seems likely to arrive eventually given the Japanese brand has introduced a new, more powerful and more efficient 'Strong Hybrid' powertrain. The seventh-generation Outback departs sharply from its predecessors in terms of styling, with a much boxier body that sees it move away from its more traditional station wagon cues. Supplied Credit: CarExpert Inside, the Outback features a 12.1-inch touchscreen infotainment system – now larger and landscape-oriented instead of portrait – with wireless Apple CarPlay and Android Auto, as well as a 12.3-inch digital instrument cluster. Subaru has also returned to a traditional climate control array, while other more user-friendly touches include larger bottle holders in the doors and 'more accessible' cupholders. A more rugged Wilderness variant will be available in the US once again, and Subaru Australia has confirmed it will finally introduce this nameplate Down Under… although whether it's in the form of the new Outback, Forester or Crosstrek remains to be seen. It isn't just the Outback that Subaru Australia is being tight-lipped about. Supplied Credit: CarExpert Subaru also revealed its updated Solterra and new Trailseeker (called E-Outback in Europe) electric vehicles (EVs) in April, but has yet to indicate whether they're coming here and, if so, when. Likewise, the Uncharted EV revealed this month has also yet to be confirmed for local release. MORE: 2026 Subaru Outback revealed, looks more like an SUV than ever before MORE: Explore the Subaru Outback showroom
