Philippines

The lockdown measurers due to the Covid-19 pandemic forced all car dealerships to close for an extended period during the first half of 2020. In response to this, many luxury car players focused their efforts on engaging consumers online and enabling...

Given the strong growth in sales for luxury hotels in 2019, many operators had planned new openings for 2020, largely focusing on offering high-class experiences to guests. However, the COVID-19 pandemic and related international and domestic ...

The enforced closure of non-grocery specialists during the lockdown periods, particularly in the Metro Manila area, had a severe impact on sales of luxury portable consumer electronics in 2020, with the strict requirements for social distancing even ...

Although all types of luxury jewellery recorded retail value losses during the COVID-19 pandemic, luxury fine jewellery performed slightly better than luxury costume jewellery, despite its significantly higher prices. Men’s luxury fine jewellery ...

Health, wellness and hygiene-orientated products such as super premium skin care and hair and oral care recorded strong double-digit growth in 2019 as the health and wellness trend continued to gain traction around the world. Although growth levels ...

Overall personal luxury suffered relatively modest retail value declines during the COVID-19 pandemic in the Philippines. The closure of physical retailers did little to disturb their shares, although some sales shifted from mixed retailers to ...

Luxury leather goods suffered a severe retail value decline in 2020, with all areas witnessing significantly lower sales during the pandemic. However, despite the massive losses, actual value sales remained amongst the highest within luxury goods in ...

Over 800 local designers answered the call to design and produce personal protective equipment for health carers early in COVID-19 epidemic in the Philippines. Many used social media to ask for materials and donations in order that they could switch ...

Luxury timepieces fared relatively well during the COVID-19 pandemic, with men’s luxury timepieces, for example, recording only a negligible retail value decline in 2020. Similar to luxury jewellery and leather goods, but possibly to an even greater ...

Consumers and employees spent increasing amounts of time using computers, tablets and smartphone screens during the COVID-19 pandemic. These devices were not only used for home working as most employees were encouraged not to go into the office, they...

Although the Philippines introduced a ban on sales of alcohol during the pandemic, the move was anticipated by many consumers of fine wines/champagne and spirits, many of whom stocked up on their favourite products in the days leading up to ban. ...

Luxury writing instruments and stationery are used by a relatively small group of discerning consumers who value written communication by hand over the digital forms. These individuals often like to use high-end writing instruments and stationery in ...

Although in the past, luxury goods have often been regarded as recession-proof, given the high percentage of high net worth individuals who purchase these products, the global coronavirus (COVID-19) pandemic has created unprecedented challenges for ...

The COVID-19 pandemic had a strong negative impact on sales of consumer appliances in the Philippines during 2020. Volume sales dropped sharply as soon as the initial quarantine lockdown period was announced during the second week of March and ...

Volume sales of vacuum cleaners declined over the course of 2020 despite the increased focus on hygiene and cleanliness among the Philippine population due to the COVID-19 pandemic. Although many people sought to improve their home cleaning routines ...

The COVID-19 pandemic presented a very unfavourable scenario for sales of large cooking appliances during 2020 as the adverse and uncertain economic environment that unfolded over the course of the year discouraged consumers from investing in large ...

The economic pressures created by the COVID-19 pandemic during 2020 resulted in strong sales declines being seen in home laundry appliances as consumers sought to conserve their spending. Another factor suppressing sales growth was the availability ...

The COVID-19 pandemic placed extreme pressure on demand for major appliances generally during 2020 and refrigeration appliances were no exception to this. As demand for refrigeration appliances generally plummeted over the course of 2020, one bright ...

The widespread financial hardship that was seen among the Philippine population during 2020 placed huge pressure on demand for food preparation appliances, resulting in strong volume sales declines being seen in the category. The interruption to ...

With the adverse economic environment that has emerged from the COVID-19 pandemic placing substantial pressure on household incomes in the Philippines, it was perhaps inevitable that sales of small cooking appliances would decline over the course of ...