The loosening of all restrictions and the return to more normalised lifestyles and travel to the UK in 2022 continues to encourage more positive consumer sentiment, which will help to lift demand for personal luxury over the forecast period. The brands that will see the strongest performance will be the ultra-luxury segment, including Hermès and Chanel, whose appeal extends beyond trends and therefore offers greater longevity.
There continues to be a strong appetite for apparel and footwear, especially for designer apparel and footwear (ready-to-wear), as consumers enthusiastically engage in revenge shopping to celebrate life after the difficulties of the pandemic and as tourists return to the UK as an international shopping hub. Luxury players will remain relevant to younger consumers by creating dynamic and interactive social media communication and asserting their brand values online.
Luxury jewellery and luxury timepieces will benefit from consumers wanting to purchase luxury items as investment pieces. This will be particularly relevant given the economic upheaval of the COVID-19 pandemic, similar to trends witnessed after the 2009 recession.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in United Kingdom with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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