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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China factory activity shrinks for first time in over 2 years, looks tougher. They include the existence of a growing number of young, increasingly fashion-savvy Chinese consumers who are well aware of the price-value equation. Miniso Canada on brink of bankruptcy. Prada Spring Summer ad campaign. 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 Bain predicts Generation Z, which today comprises just 2 altahamma cent of the market will account for 10 per cent of it in 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.
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Altagamma Studies | Altagamma
Sign up to receive daily news. 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.
The luxury markets are analysed by looking altayamma demand and supply with specific in-depth analysis and forecasts on consumption, consumer profiling, digital, retail and specific product category. BainFondazione Altagammaluxury goods.
Elsewhere in Asia, the picture looks very good, even though that Chinese growth rate puts other countries in the shade.
Luxury should continue to prosper in 2018 according to report by Bain & Altagamma
HMV Hong Kong collapses. That’s up from one-third of all sales of luxury apparel, accessories and cosmetics last year. Altagamma Studies Altagamma is the global landmark for altaagamma understanding of the luxury market.
This year, Generations Y and Z contributed per cent of the total luxury market growth, compared with 85 per cent last 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. Abstracts are available in the press releases area.
Altagamma Studies archive Filter by year. China kept close to its projections, rising 20 per cent, albeit with the year still altagam,a over. Share Share stories you like to your friends.
The researchers also said there are four key trends driving sales of personal luxury goods this year. The fact is that consumers love luxury and just want o buy more product than ever. 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.
It has been hurt by a stronger euro, which has dented purchases by tourists, but some countries have seen stronger consumption Russia, France, Switzerland.
Europe and the Americas, still the two largest markets, remain flat due to strong currencies, totaling 84 billion euros and 80 billion euros, respectively. Taking into account both luxury goods and experiences, the market is expected to grow by 5 percent to 1. Bangladesh ruling coalition declared winner of disputed vote. Asahi Shimbun on Twitter. Europe will not achieve similar growth rates. 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.
Luxury goods sales in China this year are forecast to be up 18 percent to 23 billion euros. The access to the reports is reserved to Altagamma Companies. The founding family of Italian jewelry group Casa Damiani said on Friday it would launch a takeover to buy the ….
Luxury online The retail channel grew 4 per cent this year, with three-quarters coming from like-for-like sales growth. 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.
Bain slashes global luxury goods sales forecasts
In the Americas, the US luxury market benefitted from a weaker dollar during the crucial Holiday season. The global market of new boats has a value of 19 billion Euro and Italy is confirmed alragamma the second largest boat producer in the world, after the US, and the first worldwide producer of super yachts.
Between and this year, their purchases in Mainland China contributed twice as much growth as their spending abroad. 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.
Bain slashes global luxury goods sales forecasts – Inside Retail Asia
Every year the Foundation releases eight researches conducted in partnership with some of the most prestigious international partners. Dubai remains stable and supported by international tourists, while Australia is set to benefit from a larger store footprint. Bain partner Claudia D’Arpizio says half of those altaga,ma will be made in China, as price differences between countries fade and brands improve the customer experience in China.
Loro Piana and Balenciaga have different customer bases, while Gucci or Louis Vuitton can be relevant for teenagers or altaagamma customers,” she said. No reproduction or republication without written altabamma. Here are reports about efforts in Japan and abroad to achieve the U.
Accessories remained the top category sold online, ahead of apparel; beauty and hard luxury jewellery and watches were both on the rise. The report concluded that younger generations are becoming increasingly more important luxury brands.