Affluent Chinese consumers are projected to make up to 44 percent of the global luxury consumption across the globe by 2025, according to McKinsey & Company. This would double their current level of spending to one trillion yuan (US$147 billion), … Read More
Emerging consumer markets like the United Arab Emirates, China and Russia are taking center stage when it comes to luxury brands consumption compared to more stable and mature markets like the U.S., Japan and EU markets. According to the fourth … Read More
Global sales of personal luxury goods will grow by a stronger- than-expected 2-4 percent at constant exchange rates in 2017, as higher spending in Europe and China outpace weakness in the United States and southeast Asia, a report showed on … Read More
High-end retailers’ earnings growth could nearly double in 2017, but is unlikely to return to the double-digit levels achieved in the 2010-13 period, wrote Moody’s Investors Service in a report Wednesday. The credit rating firm expects global luxury brands’ earnings growth to … Read More
The global luxury goods market will return to growth this year, rising to as much as €259 billion ($290 billion); showed a study by consultancy group Bain & Co. According to the report, the upturn in the beleaguered industry will … Read More
LONDON — Consumers of luxury goods will apparently worry for only so long about the effects of global unrest, economic fluctuations or a volatile political outlook before they start spending again. Or so suggests a new report by the consulting … Read More
China and high-income economies are vital to the designer goods market The global economy is enjoying an upswing. It is not yet clear whether it is more than cyclical. But an upswing it is. Moreover, it is not just an … Read More
Makers of luxury watches face a grim reality. Affluent millennials prefer the capabilities of smartwatches and companies like Apple and Samsung have done a great job of consuming valuable market share from long standing brands. While the ‘new’ watch market … Read More
HAVANA — The saleswomen in L’Occitane en Provence’s new Havana store make $12.50 a month. The acacia eau de toilette they sell costs $95.20 a bottle. Rejuvenating face cream is $162.40 an ounce. A few doors down, a Canon EOS … Read More
They purchased more luxury goods at home than abroad in 2016 All businesses go through cycles. The retail industry is no different. Some cycles are up and other cycles are flat or trend lower. The retail industry globally performed well … Read More