Learn about the newest luxury market trends, presented by the most prestigious speakers of the industry. LuxuryLab Global is the best opportunity to connect with the most relevant and important professionals in the luxury market.
With the recent announcement from Louis Vuitton on future price increases, Euromonitor explores the future of how we access luxury goods with COCOON founder Ceanne Fernandes -Wong, exploring luxury goods, the circular economy and insights on luxury handbag rental trends.
The hospitality sector is being transformed as a result of the global pandemic, with consumers expecting heightened cleanliness and safety measures, purpose-driven services and products, bespoke experiences and more responsible business operations supportive of social and environmental causes.
The apparel and footwear industry was among the worst hit by the COVID-19 pandemic, but just as recovery was taking place faster than expected, the industry is now facing more turbulences around the fast-moving uncertainty in Ukraine, galloping inflation rates, which mean rising production costs, further supply chain woes, not to mention weakened consumer spending.
As we adapt to an increasingly digitally reliant world, this episode explores how digital innovations, shifts in target demographics, and lifestyle changes caused by the COVID-19 pandemic, are drawing fashion players to this space and highlights the challenges and opportunities facing fashion players trying to capitalise on the expansion of the metaverse and digital fashion.
After over a year spent mostly at home, prioritising the essentials, trends at JCK Las Vegas - the North American jewellery industry’s largest annual trade event - indicate consumers’ renewed optimism for the future, with a shift towards bright colours, bold designs, and products that celebrate life and loved ones.
The aftermath of Coronavirus (COVID-19) has been characterised by stark tensions and contradictions. These range from social empathy and a sense of community to a “me first” attitude of self-interest; from risk aversion to compulsive behaviour; from cautious spending and “less stuff” to indulgence spending and comfort clutter. These choices and behaviours vary from individual to individual, but we are seeing consumers engaging with both sides of the trend. They are risk averse in some aspects of their lives whilst throwing caution to the wind in others. Fashion sees consumer interest peak in sustainable and ethical brands, while fast-fashion remains an affordable convenience for many.