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LVMH Boosted by China Demand as Louis Vuitton, Makeup Surge
Photographer: Andrew Harrer/Bloomberg LVMH continues to get a boost from a luxury rebound in China, with demand for Louis Vuitton handbags and Dior perfumes racing ahead in the holiday season....
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Canada’s luxury retail market takes off as brands flock to cities
Nearly 40% of the about 50 new international retailers that entered Canada last year are considered to be in the luxury segment. (Nathan Denette/The Canadian Press) Toronto was one of the top 10 cities...
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Luxury properties in the US continue to be the investment of choice for the...
Donald Trump is truly a polarizing figure and the political turmoil in the US has driven some die hard patriots to seek residency elsewhere in the world. While those that leave the country or the focus...
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Chinese and Indian Consumers Want Different Things From Luxury
Foreign luxury brands played a large part filling the cultural vacuum left in China after Mao. In India, it’s domestic designers who are gathering fabulous riches. Photo: Shutterstock “The world is...
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China’s young shoppers breathe new life into luxury market
A customer checks her luxury goods delivered by member of JD’s VIP delivery team Shang Kai in Beijing’s central business area, China December 8, 2017. REUTERS/Jason Lee SHANGHAI/HONG KONG: Guo Jiaxi is...
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LUXURY HACKS: How to Protect Your Wealth Upon Becoming a Millionaire
Becoming a millionaire is hard, but keeping your money after you’ve earned it can be almost as challenging. Professional football players earn a median salary of $750,000 annually, but 80 percent of...
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Booming Chinese Luxury Outlet Launches own E-Commerce Platform
Florentia Village is a Chinese outlet mall for Italian luxury brands. Photo: Florentia Village Outlet malls are known for staying a step ahead of the experiential retail game. Often located a short...
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The U.S. luxury market on the rebound
Fifth Avenue Shopping The Savigny Luxury Index grew 2 percent in January, as the luxury business shows further signs of recovery. A number of brands ended 2017 with sales growth, with LVMH, Richemont...
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Luxury vehicle sales in Canada still booming but higher interest rates could...
Luxury vehicles accounted for almost 12 per cent of car sales in Canada in 2017. (Richard Drew/Associated Press) Luxury car sales jumped 12% in 2017 and forecast to climb 7% in 2018 Jas Takhar is on...
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Millennials inject new vigor into China’s luxury market
A jewelry counter in Beijing. China’s jewelry sales shot up 27% in 2017. Purchases of high-end cosmetics and jewelry grew nearly 30% last year HONG KONG — China’s luxury spending jumped by a fifth in...
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The Key Trends for the Luxury Goods Industry in 2018
BCG and Altagamma Release Fifth Annual Study MILAN, Italy, Feb. 20, 2018 (GLOBE NEWSWIRE) — Luxury brands should devote particular attention to millennials and Chinese consumers in the coming years,...
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Unfolding India’s Luxury Market in 2018
Today, the luxury market in India garners huge attention as most of the global luxury brands have already arrived or are expected to enter. Luxury retailers have realized that India is one of the...
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The secret Chinese luxury market that’s a retailer’s heaven
Sino Ocean Taikoo Li mall in Chengdu (Credit from back Baycrest – Wikipedia user – CC-BY-SA-2.5; Pixabay) Just behind Beijing and Shanghai is this seemingly unassuming city of almost 11M Chengdu’s...
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Luxury Online Retailers Face Unique Challenges
Luxury e-commerce is very different than regular mass market online retail that sites like Amazon and Target provide. Obviously, the number of website visitors is much lower due to the financial...
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The Risk of Renting Luxury Fashions to Chinese Millennials
Tracing back Alibaba’s investment portfolio, it first invested in Y-closet in 2017 whose business model is very similar to Rent the Runway, but adapts to young Chinese consumers’ shopping habit....
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What’s New in New Retail for Luxury Brands? Bain and AliResearch Report
shutterstock Two years after he introduced the phrase New Retail, it remains a foundational aspect of Jack Ma Thought. And because the Alibaba CEO has considerable resources to disseminate his ideas...
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Rich Outlook for China’s Luxury Market
Two women inspect a Breguet wrist watch inlaid with 706 diamonds, and priced 1.77 million yuan ($276,563).CHINA DAILY Retail’s revival in the U.S. has slowed a bit of late, with the SPDR S&P Retail...
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Women Emerge as Big Luxury Spenders
Shutterstock ID 417146641 As the balance of wealth shifts, women are gaining more buying power and influence in luxury products. It’s no secret many women like to shop, but as the balance of wealth...
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S’pore luxury homes still in demand among foreigners
The New Futura, comprising two 36-storey towers, is priced from S$3.8 million for two-bedroom units to S$39.8 million for a penthouse. PHOTO: CDL Study shows pick-up in volumes since 2016 in the luxury...
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SPECIAL FEATURE: It’s not all smooth sailing (or power-boating) for India’s...
There are high hopes for India’s luxury market and there is still a lot of ground to cover if markets will reach expected targets. India’s highly connected consumer is not your traditional ‘luxury...
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