Personal Luxury

Personal luxury saw a third consecutive year of current value growth in 2019. France has seen a steady increase in tourism since the 2015-2016 terror attacks, including the return of wealthy American and Asian tourists. The weakening of the euro ...

Current value growth within personal luxury slowed slightly in 2019 in response to declining consumer confidence, with many Malaysians becoming more cautious with regard to luxury spending and opting for entry-level goods in areas such as luxury ...

Despite speculation that several major luxury brands would arrive in Argentina during 2019, the current adverse economic situation in the situation discouraged category players from taking any major risks. Indeed, growth rates in the category during ...

Personal luxury continued to offer potential and moderate growth in 2019, with luxury portable consumer electronics posting the most rapid growth. Personal luxury products are becoming experiential, must-have items for a growing number of younger ...

Indonesia continued to see solid economic growth in 2019 boosted by a thriving tourism industry. This healthy position saw rising incomes at the end of the review period and increasing consumer confidence which benefited all areas of personal luxury....

The ongoing strong increase in inbound tourism, spurred by efforts on the part of the Japanese Government and local travel agencies, is providing a boost to the development of personal luxury. Chinese consumers continue to play a major role in demand...

Demand for personal luxury remained healthy in 2019, influenced by the good economic environment and positive consumer confidence in the Netherlands as well as continued increases in tourists arrivals. The interest in luxury brands and designer ...

Personal luxury in the Philippines saw slightly lower growth in 2019 compared with 2018, but nonetheless saw a double-digit rise in current value terms. Spending by millennials remained the main factor driving the increase, with millennials’ spending...

In 2019, personal luxury players continued to target their offerings towards millennials, with millennials becoming the primary customer base for personal luxury players, with the older generations spending less than half of what millennials do. A ...

Personal luxury continued to experience stable current value growth in 2019, supported by an expanding consumer base as the number of affluent Poles continued to grow, with rising disposable incomes translating into the desire to own luxury or ...

Personal luxury was adversely affected by the trade war, and the extended period of civil unrest seen in Hong Kong in 2019, with strong negative value growth. Luxury jewellery and luxury timepieces suffered most as a result of the trade war in the ...

The rise of experiential luxury continued to hamper the development of personal luxury in Italy at the end of the review period. Personal luxury saw only slow current value growth in 2019, as consumers continued to focus more on experiential luxury ...

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...

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, ...

While personal luxury sales stagnated in 2018, this represented a slight improvement from 2017 which can be attributed to rising demand for brands that offer value for money and quality. As consumers remain cautious about what they spend, they prefer...

The rise of digital devices and their increasingly embedded and extensive role in consumers’ everyday lives are set to exert an increasingly strong influence over the development of several areas of personal luxury during the forecast period. The ...

An important consumer group for personal luxury is Generation Y (millennials) comprising approximately 50% of luxury customers. Strong consumers of fashion and technology, they are not loyal to a specific brand, but have acquired an indefinable ...

Despite a volatile economic situation, personal luxury is expected to continue to perform well over the forecast period. A “revolution” is anticipated in how brands convey key messages, represent their image and communicate with their target ...

Personal luxury in Spain remained heavily reliant on spending by wealthy tourists in 2018. In fact, over the last few years the Spanish authorities pushed to increase connectivity with some countries, especially Asian countries, as such tourists tend...

Super premium beauty and personal care remained a strong category in personal luxury in 2018. In addition to rising demand from millennials for these products, brands continued to invest heavily in innovation, which kept the category new and ...