Luxury Goods

Super premium beauty and personal care saw a significant absolute value loss in 2020, due to home seclusion, the temporary closure of beauty specialist retailers and department stores, as well as tightened consumer spending as a result of job…

As the United Arab Emirates opened its doors to host Expo 2020 in October 2021, during which vaccination rates in the country had reached over 90%, many corporate exhibitions and events have resumed alongside social occasions. Although with…

Retail current value sales of super premium beauty and personal care declined by almost a fifth during 2020 and exhibited only a sluggish recovery in 2021. The economic shock of the pandemic had a significant negative effect on consumer confidence,…

Despite some continued pandemic restrictions on purchasing premium and luxury cars in dealerships throughout 2021, in addition to significant supply impact from the shortage of computer chips, the category recovered to the pre-pandemic level of…

Consumer spending on premium and luxury cars has gained notable momentum in 2021, showing early signs of recovery as the economy improves following the general reduction in demand as a result of the pandemic in the United Arab Emirates. The…

Having plunged by almost a quarter during 2020 due to the economic shock of the pandemic and the fact that most consumers were driving much less, unit volume sales of premium and luxury cars soared by more than a third in 2021. With the Spanish…

Personal luxury recorded a significant current value decline in 2020, as domestic and international travel restrictions, lockdowns, and other efforts to curtail the spread of COVID-19, including significant limitations to in-person gatherings and…

Personal luxury is experiencing signs of recovery as the United Arab Emirates opens up and residents resume shopping habits. The successful vaccination drive has reduced the rate of infection in the country, encouraging consumers to spend time in…

Having plunged by more than a quarter during 2020, retail current value sales of personal luxury saw only a very partial recovery during 2021. International tourists are a major source of demand for personal luxury in Spain, so travel restrictions…

With global and local trends of digitalisation accelerating due to the pandemic, handwriting in general appears to have waned in popularity. Government initiatives in the United Arab Emirates such as “Dubai Paperless Strategy” aim to digitise and…

In 2021, luxury writing instruments and stationery began the first year of an expected long road to recovery to the 2019 level of current value sales. While the category was one of the least negatively affected within personal luxury amidst the…

Retail current value sales of luxury writing instruments and stationery plunged by almost a third during 2020 and recovered only marginally in 2021. Luxury writing instruments are a popular gift in Spain, but COVID-19 has led to a reduction in the…

Luxury timepieces saw its sharpest current value decline in recent history in 2020, which was a result of efforts to mitigate the spread of COVID-19, including travel restrictions, store closures, and other limitations on in-store shopping. Both…

With no further lockdowns in 2021, stores have reopened and a relaxing of restrictions is easing mobility amongst consumers who are becoming increasingly confident about returning to retailers to shop. While travel has also resumed, there is still a…

Having plunged by more than a third during 2020, retail current value sales of luxury timepieces saw no more than a modest rebound in 2021. Inbound international tourists, particularly from Asia, Latin America and Russia, represent a significant…

As the US gradually emerged from the pandemic-induced economic crunch and social restrictions, demand for luxury portable consumer electronics continued to improve. However, growth was entirely thanks to luxury wearables, as although the decline of…

Despite the emergence of the pandemic and financial uncertainty in 2020, demand for luxury wearables continued to grow in the United Arab Emirates. Many residents and tourists consider luxury gadgets such as timepieces to be an investment, and…

Retail current value sales of luxury wearables plunged by almost a third during 2020 but saw a significant recovery in 2021. Nonetheless, they remained well below their 2019 peak. As with all other types of personal luxury in Spain, inbound…

Luxury leather goods saw a record current value decline in 2020, as domestic and international travel restrictions, lockdowns, and other efforts to curtail the spread of COVID-19, including significant limitations on in-person events, as well as…

The United Arab Emirates witnessed only one initial lockdown in 2020, but since then stores and shopping centres have reopened, including luxury retailers. As international travel has not been fully restored to pre-pandemic levels in 2021, residents…