Luxury Leather Goods

When looking at the luxury goods industry in Germany, it comes as no surprise that luxury travel goods was amongst the worst affected categories. Due to travel restrictions and overall fear amongst consumers about travelling, sales in this category…

Luxury leather goods was severely impacted by the global pandemic in 2020, as stores were forced to close or reduce their opening hours during the state of emergency in April and May. Long-term border closures also made it difficult for the category…

After having plummeted in 2020 due to the initial fallout of COVID-19, demand for luxury leather goods improved significantly in 2021 as the rollout of vaccines and easing of lockdown measures strengthened growth in the Turkish economy and enabled…

Together with luxury jewellery and designer apparel and footwear, luxury leather goods experienced a turnaround during 2020. From the worst projections in the first half of the year to robust growth posted in the later months, luxury leather goods…

In an interview with Philippines-based TV company, ABS-CBN, “influential Filipino fashion retailer”, Mark Gonzalez, stated that major luxury brands, such as Louis Vuitton, Celine, Fendi, and Dior, are expanding in the Philippines, with significant…

Luxury leather goods continued to be adversely impacted by the lingering effects of the pandemic in 2021, with the category recording another year of double-digit volume and current value declines, exacerbating an already weak performance from the…

Luxury leather goods categories were not equally impacted by the pandemic. While the interest in luxury bags and small leather goods continued to grow throughout 2020, luxury travel goods faced a huge decline. This decline was the result of travel…

As confinement and home seclusion eased in the country due to an increase in the rate of vaccination, consumers have quickly returned to their pre-COVID-19 social lives. Whether in bars, restaurants or just at the park, Argentinians want to feel and…

Luxury leather goods is rebounding in 2021, following the steep negative figure declines seen in 2020. In 2020, particularly, and also into the first part of 2021, the category was impacted by limitations on the number of people in stores per square…

Having plunged by almost a third during 2020, there was no more than a modest rebound in retail volume sales of luxury leather goods during 2021. While consumers socialised more during the latter year, as COVID-19 restrictions were eased, events such…

One interesting trend to emerge from the COVID-19 pandemic was a shift towards smaller, less expensive items of luxury leather goods. With many people facing considerable pressure on their incomes, lower levels of discretionary spending emerged over…

Sales of luxury leather goods saw a decline in 2020, albeit one that was not as significant as in other categories. Nevertheless, the COVID-19 pandemic took its toll on demand across all categories of luxury leather goods, with the worst results in…

Luxury leather goods took a huge hit in 2020, with value sales declining by nearly a third, as people were confined to home and retail outlets were closed for parts of the year. In 2021, as society gradually opens up, leather goods is expected to…

Luxury leather goods experienced a negative impact from the onset of COVID-19 since 2020. The decimation of international tourist arrivals due to the closure of borders in Malaysia negatively affected demand for luxury leather goods. High net worth…

Due to a second wave of COVID-19 for India during April-June 2021, several countries, including the likes of Canada, the United Arab Emirates and the US, restricted travel for Indians for a brief period. In addition, local consumers were not…

Luxury leather goods saw slow current value declines in both 2020 and 2021. Due to the COVID-19 lockdowns and working and socialising from home, consumers saw less need to purchase luxury leather goods. Also, the limitations on overseas travel…

As in many other categories, luxury leather goods faced the double challenge of store closures and a lack of tourists. Despite its greater resilience in the review period (with category retaining strong growth even in the years of the Yellow Vest…

Luxury leather goods has been amongst the most resilient categories within personal luxury in China during the COVID-19 pandemic. However, luxury travel goods has been an exception, with sales seriously negatively impacted when international travel…

Of all personal luxury goods, luxury leather goods are expected to register the highest current value growth, as after the lockdowns and with society gradually opening up, women splurge on designer handbags and also luxury travel goods performs…

Mixed retailers (mainly department stores) and brand-owned boutiques are the largest retail channels for luxury leather goods in the Mexican market. As in several other areas of luxury goods, consumers often prefer to inspect these products before…