USA

Super premium beauty and personal care saw a significant absolute value loss in 2020, due to home seclusion, the temporary closure of beauty specialist retailers and department stores, as well as tightened consumer spending as a result of job…

Despite some continued pandemic restrictions on purchasing premium and luxury cars in dealerships throughout 2021, in addition to significant supply impact from the shortage of computer chips, the category recovered to the pre-pandemic level of…

Personal luxury recorded a significant current value decline in 2020, as domestic and international travel restrictions, lockdowns, and other efforts to curtail the spread of COVID-19, including significant limitations to in-person gatherings and…

In 2021, luxury writing instruments and stationery began the first year of an expected long road to recovery to the 2019 level of current value sales. While the category was one of the least negatively affected within personal luxury amidst the…

Luxury timepieces saw its sharpest current value decline in recent history in 2020, which was a result of efforts to mitigate the spread of COVID-19, including travel restrictions, store closures, and other limitations on in-store shopping. Both…

As the US gradually emerged from the pandemic-induced economic crunch and social restrictions, demand for luxury portable consumer electronics continued to improve. However, growth was entirely thanks to luxury wearables, as although the decline of…

Luxury leather goods saw a record current value decline in 2020, as domestic and international travel restrictions, lockdowns, and other efforts to curtail the spread of COVID-19, including significant limitations on in-person events, as well as…

Luxury jewellery saw its sharpest current value decline in recent history in 2020, as a result of efforts to mitigate the spread of COVID-19, including travel restrictions, store closures and the cancellation of in-person social events. However, both…

A rebound in demand for luxury hotels was seen across the US in 2021, although the category’s sales remained far below the pre-pandemic level, as international travel remained restricted for most of the year. The growth in 2021 was largely…

A record current value sales decline was seen in luxury goods in 2020, due to efforts to curtail the spread of COVID-19. These included domestic and international travel restrictions, lockdowns, and other significant limitations on in-person…

Prior to the pandemic, especially from 2015 to 2018, luxury foodservice boomed across the world, including in the US, as luxury labels saw the growing importance of creating experiences and memories amongst gen Z and millennial consumers. Luxury…

In 2020, luxury eyewear saw its sharpest current value decline in recent history as a result of efforts to mitigate the spread of COVID-19, including travel restrictions, store and optometrist closures, and the cancellation of in-person social…

Fine wines/champagne and spirits declined in 2021 after seeing record high sales in 2020. Despite the decline, however, 2021 sales remained far above the 2019 level, as the pandemic led consumers to shift their spending to at-home alcohol…

Experiential luxury started to recover across the US in 2021. This recovery was attributable to the lifting of domestic travel restrictions, loosened indoor dining policies, as well as increased savings amongst affluent US consumers. With the…

Designer apparel and footwear saw a record current value decline in 2020. Domestic and international travel restrictions and lockdowns to curtail the spread of COVID-19, including a significant reduction of in-person events, as well as social…

After contracting by 3.1% in 2020, global real GDP is predicted to increase by 5.7% in 2021 and by 4.6% in 2022. The global economic outlook at the end of 2021 is mainly constrained by different mismatches: an ongoing mismatch between consumer demand…

The USA is forecast to remain the world’s biggest consumer market through to 2040. Stimulus packages adopted by the government to combat COVID-19 effects are expected to encourage consumption over the outlook period, with California remaining the…

Overall unit volumes of packaging increased during the COVID-19 pandemic. Consumers were prioritising packaged products, particularly in food, with previously unpackaged produce often wrapped and sealed. Demand for larger pack sizes and multipacks…

Store cards saw an increase in both transaction volume and value in 2021, largely due to the reopening of bricks-and-mortar retail outlets. During the pandemic, retailers were forced to contend with capacity restrictions, store closures and…

Following the first round of fiscal stimulus authorised by the CARES Act in March 2020, two more rounds were approved and dispersed to US consumers in 2021. The second round included one-time payments of USD600 per adult and per child, of which eight…