Chinese consumers have often been referred to as the future saviors of the global luxury industry. Rapid economic growth experienced in the country has meant that now a greater number of Chinese consumers have the purchasing power to buy luxury … Read More
New data shows more luxury stores opened in London than in any other city last year – a total of 41 new openings –compared to Paris’ 36 and New York’s 31. According to the Global Luxury Retail report, 15 of … Read More
London continues to be the most promising city for the growth of the luxury retail sector, regardless of the Brexit vote, according to a recent report. The long-term growth potential of London as a luxury destination is more than that … Read More
China’s recent recovery in luxury spending may boost sales of domestic department-store operators and luxury-goods retailers, including Golden Eagle Retail Group Limited (BB-/Negative), Hengdeli Holdings Limited (B+/RWN), and Parkson Retail Group Limited (B-/Negative), though it may not be enough to … Read More
Luxury jeweller Fabergé, owned by the world’s top emeralds and rubies-miner Gemfields Plc, has entered the Indian market and sell its products by select trunk shows in Mumbai and Delhi. Products sold in India include a selection of coloured gemstones, … Read More
Recent positive financial results from the world’s leading luxury houses has reinstated sector optimism for the first time in years, according to London’s Savigny Partners. In January, for the fourth consecutive month, Savigny Partner’s Savigny Luxury Index (SLI) gained by … Read More
Changes in China’s retail landscape continue to reflect the extent to which online shopping has altered the way Chinese consumers interact with brick-and-mortar stores. E-commerce’s continued influence—combined with China’s economic slowdown and major geopolitical developments over the past year—is leading … Read More
While there seems to be a general consensus on what the term “luxury” means, the definition in the minds of different segments of the population varies, according to a new report from the Shullman Research Center. After asking consumers to … Read More
With recently instated President Trump floating the idea of a 20 percent import tax on goods coming into the United States, an already hurting luxury market might be impacted even further. While affluent consumers are thought to not worry about … Read More
Last year ended eventfully with upheavals across the globe: terror attacks in Europe and the Middle East, the Brexit fiasco in the United Kingdom, the unexpected presidential victory of Donald J. Trump in the United States and, last but not … Read More