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Luxury retailers set to welcome Lunar New Year shoppers
As one of the city’s leading luxury shopping zones, the area anchored by Alberni Street in downtown Vancouver is at its attention-grabbing best as high-end retailers prepare for the Year of the...
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Hey Big Spender! Russia’s Luxury Goods ‘Are in Demand Despite Crisis’
Despite the economic slowdown, the sale of luxury goods in Russia is going well. The number of Chinese tourists in Russia increased by at least one third in 2015, with many of them buying up Russia’s...
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Which Luxury Brands Will Have the Luckiest Chinese New Year?
At a time when China’s economy faces turbulence and the country’s anti-corruption campaign continues at full speed, some luxury brands are faring much better than others in maintaining their appeal...
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Is Hong Kong still a ‘cool’ place for luxury shopping?
Retailers in Hong Kong preparing to welcome Chinese mainland tourists over the Lunar New Year festive period face a real crisis: Canny shoppers don’t think the special administrative region is cool...
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China buys half of all luxury goods: Report
Chinese consumers spent some 1 trillion yuan ($184 billion) overseas in 2015 and purchased almost half of the world’s luxury products, the media reported on Monday. Chinese people spent a total of...
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China’s Luxury Car Demand Booms; Mercedes Leads the Race
Last year, the slump in China’s economy slowed down domestic demand, adversely impacted the growth of local companies. To put the economy back on track, Beijing undertook several measures, such as...
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These four points unlock the secret to cracking China’s luxury market
The huge anti-corruption and anti-extravagance campaign led by president Xi Jinping, has transformed China’s burgeoning luxury goods sector forever. Luxury goods have become less accessible to the...
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Saks Fifth Avenue set to heat up competition in Toronto’s luxury retail market
TORONTO — Canada’s crowded luxury retail market keeps expanding despite a dwindling economy, raising questions if there’s enough room for all the players trying to flex their muscles. Saks Fifth...
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Don’t discount China’s appetite for luxury goods
The domestic Chinese market for luxury goods may be struggling, but investors shouldn’t discount the huge amount of high-end products Chinese tourists buy, as the forecast-beating results from Kering –...
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Luxury Buyers in China Depend on Digital
The internet is the leading source of information for buyers in China to learn about luxury goods, according to 2015 research. Nearly eight in 10 luxury goods buyers in China used the internet and...
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Europe’s luxury market supported by Italian fashion demand
Ferragamo spring/summer 2016 ad campaign As the historical home of the majority of luxury houses, Europe’s market accounts for nearly $83 billion of the personal luxury goods sector, according to a...
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Britain becomes luxury hotspot as US shoppers overtake China as fastest...
The booming British fashion scene has made the nation the ‘go-to’ destination for the world’s luxury shoppers. The fifth annual UK Luxury Benchmark Study, compiled by industry group Walpole and...
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Dubai’s Azizi launch $95m luxury Palm Jumeirah project
Dubai-based Azizi Developments has announced the launch of Royal Bay Residence, a collection of 90 fully serviced luxury residential apartments on the crescent of Palm Jumeirah, next to Anantara Hotel....
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Brighter future seen for China’s luxury goods industry
As Chinese spend on high fashion worldwide, local firms go shopping for brands to expand Retailers, investors and industry insiders believe China’s luxury goods industry, despite losses for the second...
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Real estate and classic cars will hold value in tumultuous economy
NEW YORK – Despite stock market volatility, geopolitical instability and new regulations, prime residential real estate still has a good outlook, according to panelists speaking at a presentation of...
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Luxury home sales in Toronto, Vancouver to ‘defy gravity,’ report says
Toronto and Vancouver will continue to lead luxury home sales in Canada this spring in both volume and price, and mostly for the same reasons they dominated last year, says a new report released...
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The world is running low on old single malt Scotch
Whiskey investments outperform gold, S&P over 12 months. HONG KONG (CNNMoney) —Whiskey lovers are draining the world’s supply of old single malt Scotch. Thirst for the liquor is booming around the...
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Continental Europe, North America responsible for 50pc of UK luxury brand...
Promotional images for Walpole Crafted The United Kingdom’s luxury market continues to show strong growth, with 56 percent of brands adding to their workforce since 2014 and 75 percent expecting...
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U.K. luxury market set to grow
All signs point to growth in the UK luxury sector, bolstered by the rise of American tourist sales, according to a recent study by Wealth-X and Walpole, an alliance of 170 of Britain’s finest luxury...
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Burberry opens first flagship store in Moscow
Burberry has recently opened its first flagship store in Russia in the capital city of Moscow. The new Burberry store which is located on Petrovka Street features the complete range of products of the...
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