Retail & Luxury Fashion — Wednesday, October 28, 2026 | Read Achilles

Retail & Luxury Fashion · Wednesday, October 28, 2026

Play with this page: every chart carries hover readouts and a table view; compare views on 1 chart · 3 your-arithmetic sliders — dial in your own figure against the desk's printed lines · 1 sortable table. Everything you can reach shows only the edition’s own figures — the sliders show yours, labelled as yours.

The October survey — the scoreboard

Below 80 on the outlook score is the survey maker's warning sign for recession within a year — the edition's own reading, on the chart's face.

Compare note: in the Against the line view, bars that fall short of 80 — the line its makers link to recession risk are dimmed; every figure is unchanged.

YOUR ARITHMETIC — the survey readings above are the desk's, as printed. Dial in YOUR OWN expectations reading and stand it against the printed recession-risk line; the reading you choose is your hypothetical, not the desk's.

Table view — the same figures as text

Series	As printed
Overall confidence	91.7
How today feels	120.4
How tomorrow feels	72.6

Source: Retail & Luxury Fashion edition, Oct 28 — the October survey table as printed.

Confidence — then → now

Table view — the same figures as text

Series	As printed
Confidence — September → October	84.2 → 91.7

Source: Retail & Luxury Fashion edition, Oct 28 — the confidence prints as published (forecasters expected about 81).

Fuel — then → now

Cheaper fuel helped the mood jump — the edition's own reading.

Table view — the same figures as text

Series	As printed
A gallon of regular gas — a month earlier → October 27	$4.48 → $4.27

Source: Retail & Luxury Fashion edition, Oct 28 — the fuel print in the confidence card.

Holiday sales — the forecast

National Retail Federation forecast for November and December in the US: up 4.2% to $1.013 trillion. Growth does not mean splurging — the edition's wording.

YOUR ARITHMETIC — the two growth readings above are the desk's, as printed. Dial in YOUR OWN holiday-growth figure and see where it would stand between them; the figure you choose is your hypothetical, not the desk's call.

Table view — the same figures as text

Series	As printed
Last year's growth	3.1%
This year's forecast growth	4.2%

Source: Retail & Luxury Fashion edition, Oct 28 — the holiday-sales attention card as printed.

What buyers pay for the profits

Price as a multiple of recent profits, as the edition prints it.

YOUR ARITHMETIC — the two multiples above are the desk's, as printed. Dial in YOUR OWN multiple and see where it would stand between them; the figure you choose is your hypothetical, not the desk's call.

Table view — the same figures as text

Series	As printed
Hermès	29.7
LVMH	17.7

Source: Retail & Luxury Fashion edition, Oct 28 — the valuation passage as printed.

The three houses, side by side

Third-quarter figures and Tuesday's prices, exactly as the edition prints them — units as printed per house: Kering reports in millions, Hermès and LVMH in billions.

Tap a column heading to reorder the houses by that column. Every figure is the edition's own, as printed.
House
Hermès	€4.10 billion	€1.91 billion	€1,276.75	€133.8 billion	29.7
LVMH	€18.5 billion	€8.25 billion	€388	€191.2 billion	17.7
Kering	€3,345 million	€1,291 million	€179.29	€22.0 billion	no meaningful multiple

Source: Retail & Luxury Fashion edition, Oct 28 — “Where It Split” and the valuation passage as printed.

Master table — every bound value on this desk

Every row is a value already bound in one of this desk’s three chart payloads, shown exactly as bound — label, value and unit unchanged. Sorting reorders the rows of this table only; it creates, converts and re-bases nothing. Units are shown per row, exactly as bound, and are never silently unified. This desk’s range figures and cross-tables keep their own bound form in their own components and are not flattened into this table.

The October survey — the scoreboard (retail-confidence-scoreboard) — Below 80 on the outlook score is the survey maker's warning sign for recession within a year — the edition's own reading, on the chart's face.

Holiday sales — the forecast (retail-holiday-forecast) — National Retail Federation forecast for November and December in the US: up 4.2% to $1.013 trillion. Growth does not mean splurging — the edition's wording.

What buyers pay for the profits (retail-pe-mults) — Price as a multiple of recent profits, as the edition prints it.

Default view — rows grouped by component of origin, in bound order.

		Unit	Component of origin	Source note
Overall confidence	91.7		retail-confidence-scoreboard	The October survey — the scoreboard
How today feels	120.4		retail-confidence-scoreboard	The October survey — the scoreboard
How tomorrow feels	72.6		retail-confidence-scoreboard	The October survey — the scoreboard
Last year's growth	3.1%	%	retail-holiday-forecast	Holiday sales — the forecast
This year's forecast growth	4.2%	%	retail-holiday-forecast	Holiday sales — the forecast
Hermès	29.7		retail-pe-mults	What buyers pay for the profits
LVMH	17.7		retail-pe-mults	What buyers pay for the profits

Source: Retail & Luxury Fashion edition, Oct 28 — the October survey table as printed.
Source: Retail & Luxury Fashion edition, Oct 28 — the holiday-sales attention card as printed.
Source: Retail & Luxury Fashion edition, Oct 28 — the valuation passage as printed.

In the words, not the charts: this view charts the edition’s bound figures only. The edition’s sections — What Needs Your Attention Today · The 60-Second Scoreboard: One Survey, Two Stories · The Bigger Picture: Two Banks, One Gift Budget · Where It Split: Leather and Jewellery Held. Logos Did Not. · What to Watch: A Day That Prices the Season · Value Creation vs Value Capture — include stories whose substance is narrative or conditional; those are told in the Newsletter state.