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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Share Share stories you like to your friends. Browse News collects all the stories you want to read. Between and this year, their purchases in Mainland China contributed twice as much growth as their spending abroad.
Don’t miss a thing! Luxury online The retail channel grew 4 per cent this year, with three-quarters coming from like-for-like sales growth.
Luxury should continue to prosper in 2018 according to report by Bain & Altagamma
That’s up from one-third of all sales of luxury apparel, accessories and cosmetics last year. South Korean cosmetics firm Skinfood collapses. Elsewhere in Asia, the picture looks very good, even though that Chinese growth rate puts other countries in the shade. BainFondazione Altagammaluxury altagamja.
The fact is that consumers love luxury and just want o buy more product than ever.
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. Luxury goods sales in China this year are forecast to be up 18 percent to 23 billion euros.
Accessories remained the top category sold online, ahead of apparel; beauty and hard luxury jewellery and watches were both on the rise. They include the existence of a growing number of young, increasingly fashion-savvy Chinese consumers who are well aware of the price-value equation. 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.
The founding family of Italian jewelry group Casa Damiani said on Friday it would launch a takeover to buy the …. It has been hurt by a stronger euro, which has dented purchases by tourists, but some countries have seen stronger consumption Russia, France, Switzerland. That means volume is driving market growth, rather than just price increases.
The report concluded that younger generations are becoming increasingly more important luxury brands. In the Americas, the US luxury market benefitted from a weaker dollar during the crucial Holiday season. Will Hong Kong’s retail rebound continue? 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.
Dubai remains stable and supported by international tourists, while Australia is set to benefit from a larger store footprint.
Bangladesh ruling coalition declared winner of disputed vote. China kept close to its projections, rising 20 per cent, albeit with the year still not over. Altagamma is the global landmark for the understanding of the luxury market.
Bain slashes global luxury goods sales forecasts – Inside Retail Asia
Share 0 Tweet list. Altaagmma researchers also said there are four key trends driving sales of personal luxury goods this year. 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 cent up from 8 per cent in last year.
China factory activity shrinks for first time in over 2 years, looks tougher. 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. Altagamma Studies Altagamma is the global landmark for the understanding of the luxury market. 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 Here are reports about efforts in Japan and abroad to achieve the U.
Sign up to receive daily aotagamma. In-house News and Messages. Prada Spring Summer ad campaign. Taking into account both luxury goods and experiences, the market is expected to grow by 5 percent to 1.
Study: Chinese to account for half of luxury sales by 2025
Abstracts are available in the press releases area. The access to the reports is reserved to Altagamma Companies.
D’Arpizio said that Baib 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. Wholesale channels grew at only 1 per cent, brought down by high-end department stores still trying to recover, and a slow-down among specialty stores facing tough competition from online.
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Altagamma Studies | Altagamma
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. Foot Locker Malaysia to launch at 1 Utama. No reproduction or republication without written permission.