Luxury Goods

In 2019 the luxury market in Hong Kong continued to be highly reliant on Mainland China, but the US-China trade war and social unrest since June have cast a dark cloud over Hong Kong, and adversely impacted the retail environment. Most luxury ...

Despite on-going threats of a trade war and global economic uncertainty, the outlook for luxury overall remains optimistic. This report looks at key trends shaping the landscape with emphasis on sustainability, the impact of digital and technological...

Luxury goods in Italy recorded stronger current value growth in 2019 than that seen in 2018, with increases seen in most categories. Personal luxury, which accounted for just over half of overall retail value sales, showed slower growth due to the ...

Strategies in luxury companies have been evolving in recent years under the impact of digitalisation and changing consumer values. Despite threats of a trade war and global economic uncertainty, the outlook for luxury companies overall remains ...

Digital technology has led to major shifts in how luxury consumers live, work, shop and play. Digital advances continue to influence how these consumers behave both inside and outside the merchant environment, whilst simultaneously giving key players...

Salvatore Ferragamo SpA, while still a reputed name in the personal luxury market, has seen its sales decline lately, due to a slowdown in Asia Pacific, problems in its wholesale channel and the challenge of repositioning the brand offering to appeal...

The global experiential luxury sector is growing rapidly, as consumers continue to gravitate towards experiences over things. The travel boom shows no sign of slowing, but with concerns about climate change on the rise, luxury travellers are ...

In this half-year (H1-19) update briefing, we investigate the latest developments in the global luxury goods industry, with a focus on the macro-economic and demographic changes and what these mean for our view of a likely outlook for luxury goods in...

Ranked second in global designer apparel and footwear, Ralph Lauren Corp ramped up its marketing investment to celebrate its 50th anniversary in 2018. However, years of discounting have already had a detrimental effect on brand image. Meanwhile, ...

Spanning across costume and fine jewellery, bridge jewellery has struck a chord among many consumers who want a more favourable price point but also appeals to those consumers looking to buy jewellery more often and as a fashion statement. This ...

Despite political volatility in the region, the personal luxury industry has remained resilient thanks to strong international expenditure and favourable exchange rates. Technology and personal care have and will continue to drive growth; heritage ...

The Euromonitor Cannabis Legalisation Proximity and Attractiveness Index is the first publicly available overview of the current and future dynamism of cannabis regulation and market forces in 100 of the world’s biggest global consumer markets. ...

Luxury goods saw a decline in value sales in 2018 due to continued slow economic growth, with the introduction of a 5% Value Added Tax (VAT) also directly impacting luxury goods sales. However, many brands absorbed the VAT and offered deals ...

Cannabis is poised to disrupt virtually every consumer industry, from food and beverages to consumer health and beauty, as well as services such as tourism, retailing and packaging – within ten years, every consumer will use some form of cannabis as ...

Domestic economic difficulties and falling sales amongst Chinese tourists significantly dampened luxury goods sales in Taiwan at the end of the review period. Moreover, some luxury goods categories, including luxury writing instruments and stationery...

Romania had not become a target for strong luxury brands by the end of the review period. In volume and turnover terms, luxury goods in Romania is behind other European countries such as France, Germany or Italy, where the luxury goods market is more...

Overall, luxury goods performed well in Thailand in 2018. Consumers perceive that luxury brands offer high value through heritage and exclusivity. Demand remains strong, with millennials representing a key group of consumers. They tend to have high ...

Luxury goods remains reliant on consumption by tourists, which means its performance is volatile and depends on security and stability issues, which are difficult to predict. Local consumers suffered from low disposable incomes and tight budgets for ...

South Africa’s economy decelerated slightly in 2018 while consumer spending suffered from stagnant employment gains and higher inflation. In addition to economic woes, trading conditions have been worse for luxury goods, given the evolution of new ...

The luxury goods industry in Indonesia registered an overall stable performance in 2018, but with lower growth than earlier in the review period. Each of the categories, such as luxury leather goods, luxury hotels and super premium beauty and ...