Personal Luxury

This has been a tough year for the personal luxury category which witnessed low single-digit value growth due to the economic downturn that first hit the market in 2014. Consumers have become increasingly careful with their spending, especially ...

In 2019, the consumption of personal luxury in Brazil was consolidated in terms of the growth path initiated in 2018. The positive results in 2019 were the consequence of better economic indicators bringing prospects of gradual growth over the ...

Consumers of personal luxury are becoming more sophisticated, and players are responding to this by implementing a number of different strategies. Brands are in turn becoming more sophisticated in how they convey key messages, represent their image ...

Over the review period, including 2019, personal luxury brands such as Calvin Klein have invested in the opening of new stand-alone boutiques in affluent neighbourhoods or in high-end shopping centres, in order to increase their footprint. They are ...

As economic indicators reveal a slowdown, consumer confidence is dropping to new low levels in Germany after a strong decade of growth and prosperity. The strong growth rate in personal luxury, supported by the performance of luxury leather goods and...

The expanding young middle class in Tier 2 and Tier 3 cities is providing an increasingly attractive consumer base for personal luxury players. With the retailing environment less well developed in lower tier cities than in the country’s major urban ...

Demand trends within personal luxury are changing as millennials become influential consumers. Personal luxury is no longer only a statement of wealth but also fashion and image, with consumers in Taiwan increasingly preferring products that are ...

As millennials and other digitally-connected luxury consumers continue to prioritise spending their discretionary income on memorable, and often social media-shareable experiences over material goods, growth in experiential luxury outpaced that of ...

Personalisation remained a key trend across personal luxury in 2019, with more players offering the opportunity to purchase customised or made-to-order products and developing concierge-style services that provide consumers with more exclusive ...

Amid a struggling economy, lower consumer confidence and limited access to credit are causing volume sales to fall in many categories of personal luxury, including the largest one of designer apparel and footwear (ready-to-wear), luxury jewellery and...

The personal luxury category saw continued improvement in growth rates in 2019. At the end of the review period Singapore saw healthy GDP growth, with a low unemployment rate and growth in exports – a key component of the country’s economy. This ...

Designer apparel and footwear (ready-to-wear), the largest personal luxury category by value and volume, also recorded among the highest current value growth rates in 2019. Men’s designer footwear drove this performance, followed by women’s designer ...

Personal luxury continued to experience positive growth in Romania in 2019, with many categories recording stable or stronger demand, supported by growing affluence due to a positive economy. While the number of high net worth individuals in the ...

The millennial and the emerging Generation Z groups, continue to be the most important for luxury brands in the UK. Younger consumers continue to prioritise self-optimisation. They strive to be healthy, mindful and happy through considered ...

The performances of the categories in personal luxury vary greatly, with it being possible to broadly split the development of the different categories into three groups. The first of these, taking in designer apparel and footwear (ready-to-wear), ...

Although not as impressive as 2018’s performance, when value sales recorded a marked improvement following a tentative recovery by the local economy, personal luxury still experienced solid growth in 2019. Personal luxury allows affluent consumers to...

Inbound tourism is expected to continue recording positive growth in Switzerland over the forecast period. For example, Chinese tourists still see Switzerland as one of the most desirable European destinations for luxury shopping. Asian and Russian ...

In spite of the economic recovery, Ukrainians’ disposable incomes tend to be low. The share of wealthy consumers remains small, as the middle class is still highly affected by the economic crises of 2008 and 2014/2015. Thus, the consumer base for ...

Millennials are considered to be the main driving force behind the growth of personal luxury goods in China, with Gen Z consumers also emerging as an increasingly important force in the market. The influence of social media and Western aesthetics in ...

Spaniards are changing the way in which they spend their disposable income. They increasingly prefer having experiences rather than accumulating more goods. Such activities account for a significant proportion of their disposable income, and include ...