Luxury Goods

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, ...

The luxury goods industry posted another year of positive growth in 2018, after a challenging 2017. The concept of luxury continues to shift in line with changing consumer values. Technology has been especially disruptive as it continues to ...

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 ...

Luxury goods recorded robust current value growth in Italy in 2018, with most categories increasing. Personal luxury, accounting for over half of overall retail value sales, showed only mild growth due to the progressive rise of experiential luxury, ...

In 2018, luxury goods in the US faced a slight current value decline, as demand shifted in multiple categories. A major theme across luxury goods is the role of the millennial population, which is soon to become the largest consuming generation, as ...

As the macroeconomic scenario in Brazil remains highly turbulent, many players continue to face difficulties regarding the defining of strategic plans and projecting trends. Several events further blurred the situation over the past year, such as ...

In 2018, there was significant current value growth for luxury goods due to changes in economic policy implemented since 2016, which once again transformed Argentina into an attractive country in which to invest. The elimination of barriers to ...

The luxury goods industry in China recorded a strong performance in 2018, continuing from its recovery in 2017. This strong rebound was supported by greater consumption overseas within a healthy macroeconomic context during the review period. The ...

For luxury brands, the onus was on creating “hype” products and campaigns in 2018, whilst expanding their portfolios to incorporate experiential elements in the consumer experience. This was part of a drive to attract the millennial demographic and ...

The current value growth in overall luxury goods witnessed a slowdown in 2018 from the previous year. The government’s stringent regulation in the form of high customs duty on luxury goods and the increased local taxes and cess on luxury goods ...