Trade sources are rather sceptical about the ability of designer apparel and footwear to recover strongly. Even if the return of inbound tourists to Parisian department stores and prestigious specialist stores refuels the category, many trends will dampen the potential of designer apparel and footwear.
Luxury jewellery and luxury timepieces are also increasingly perceived as investments. Following the 2009 recession, the trend of purchasing gold exploded, as consumers looked to make more secure investments.
After a slight slowdown in growth in 2022, as a consequence of the reopening of stores in city centres, the release of pent-up demand and the pleasure of going shopping, e-commerce will again be the great winner in the distribution of luxury goods in the forecast period. Over 2020-2021, due to the absence of store-based sales for several months – seven in 2020 and five in 2021 – mainstream players adjusted to the pandemic by boosting their online visibility and increasing sales via e-commerce.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in France with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Personal Luxury industry in France, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.See All of Our Definitions
This report originates from Passport, our Personal Luxury research and analysis database.
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