The Bain & Company Luxury Study Spring Update was unveiled this week in collaboration with Italy’s Fondazione Altagamma. The tone. China’s stay-at-home shoppers propel luxury sales – Bain consultancy Bain and Italian manufacturers association Altagamma’s report, which. Global consultancy Bain & Co., in collaboration with Italian fashion association Altagamma, released a new report on November 15 that is set to.
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Bain partner Claudia D’Arpizio says half of those purchases will be made in China, as price differences between countries fade and brands improve the customer experience in China. Accessories remained the top category sold online, ahead of apparel; beauty and hard luxury jewellery and watches were both on the rise. Featured here are videos, photos and graphics on how journalists dug into documents leaked from Bermuda and elsewhere to uncover shady transactions through tax havens.
Brands are catching up to other online players, comprising 31 per cent of sales, compared to e-tailers 39 per cent and retailers 30 per cent. China kept close to its projections, rising 20 per cent, albeit with the year still not over. BainFondazione Altagammaluxury goods. Europe and the Americas, still the two largest markets, remain flat due to strong currencies, totaling 84 billion euros and 80 billion euros, respectively. D’Arpizio said that Bain identifies five different generations of luxury goods consumers in the current market, from those born before whose spending focuses more on experiences than hard luxury, to current teenagers who favor casual wear like expensive sneakers.
Bain said luxury sales this year are forecast to grow 2 percent to billion euros, in figures restated to exclude luxury art, design and decor.
Luxury should continue to prosper in 2018 according to report by Bain & Altagamma
Miniso Canada on brink of bankruptcy. Share 0 Tweet list. Will Hong Kong’s retail rebound continue? That’s up from one-third of all sales of luxury apparel, accessories and cosmetics last year.
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The researchers also said there are four key trends driving bqin of personal luxury goods this year. The fact is that consumers love luxury and just want o buy more product than ever. They include the existence of a growing number of young, increasingly fashion-savvy Chinese consumers who are well aware of the price-value equation. Luxury online The retail channel grew 4 altagam,a cent this year, with three-quarters coming from like-for-like sales growth.
Europe will not achieve similar growth rates. Every year the Foundation releases eight researches conducted in partnership with some of the most prestigious international partners.
The access to the reports is reserved to Altagamma Companies. Elsewhere in Asia, the picture looks very good, even though that Chinese growth rate puts other countries in the shade. Prada Spring Summer ad campaign. The global market of new boats has a value of 19 billion Euro and Italy is confirmed as the second largest boat producer in the world, after the US, and the first worldwide producer of super yachts.
Altagamma Studies | Altagamma
Foot Locker Malaysia to launch at 1 Utama. The luxury markets are analysed by looking at demand and supply with specific in-depth analysis and forecasts on consumption, consumer profiling, digital, retail and specific product category. In-house News and Messages. Their share of global spending has continued to rise now estimated at 33 per cent of global luxury spend, up from 32 per cent in last yearwhile the share of Mainland China has also risen to 9 per bxin up from 8 per cent in last year.
The founding family of Italian jewelry group Casa Damiani said on Friday it would launch a takeover to buy the …. This year, Generations Y and Z contributed per cent of the total luxury market growth, compared with 85 per cent last year. The US market made up close to half of online sales — 44 per cent— but Asia is emerging as the new growth engine for luxury online, slightly ahead of Europe. Taking into account both luxury goods and experiences, the market is expected to grow by 5 percent to 1.
South Korean cosmetics firm Skinfood collapses. No reproduction or republication without written permission. It has been hurt by a stronger euro, which has dented purchases by tourists, but some countries have seen stronger consumption Russia, France, Switzerland.
Dubai remains stable and supported by international tourists, while Australia is set to benefit from a larger store footprint. MILAN–Chinese consumers will remain the driving force for the luxury goods market, according to a new study by Bain consultancy released Thursday that shows they will fuel nearly half of global high-end sales by The report concluded that younger generations are becoming increasingly more important luxury brands.
Here are reports about efforts in Japan and abroad to achieve the U. Bangladesh ruling coalition declared winner of disputed vote. Luxury goods sales in China this year are aotagamma to be up 18 percent alfagamma 23 billion euros. The purpose of the Study, conducted by Deloitte and Altagamma for Nautica Italiana, is to analyse the main trends of the global boating recreational market classified by the main vertical sectors and business segments of the industry.
Altagamma Studies archive Filter by year. Abstracts are available in the press releases area.