The Global Luxury Sector Report analyses the growth in revenue terms in this dynamic sector after the downturn of the pandemic and, thanks to its embrace of technology, assesses how it is already cultivating the next generation of luxury shoppers.
The luxury sector has always been an indicator of prosperity and growth. It represents the epitome of elegance, sophistication and exclusivity, catering to a segment of consumers who are willing to pay a premium for premium products and experiences. But that has been shaken up, first by the impact of the pandemic, then of a recovery phase that has occurred against a backdrop of increasing economic gloom.
This comprehensive report assesses how this sector has come out ahead of its PR pandemic level and how well it has adapted to a changing world. More consumers than ever see luxury items not just as status symbols, but also as investments and as a means of helping lessen their impact on the environment. This has seen the number of younger people engaging with luxury brands grow and evolve. It has also seen an explosion in sales across the markets of Asia, not least in China. This changing demographic is forcing the luxury sector to re-evaluate how it operates and has pushed it to be an exemplar of both traditional high-end, in-store experience and of being at the vanguard of digital technology.
Download the full report for insight into:
- Who the largest 50 luxury brands are globally
- Why luxury is increasingly attracting younger shoppers
- The increasing role of social media in this sector
- Is sustainability driving customers’ luxury purchase choices?
- Why Asia remains the focus of growth
- Next steps and developments in global luxury
- 58 pages of market-leading research into the global luxury market
- 70+ illustrative RetailX figures and graphs
- Exclusive company case studies: Burberry, Kurt Geiger, The Edit LDN and Tmall
- Company profiles include: Estée Lauder, Rolex, FarFetch, LVMH, and Swatch Group
Remember to download the accompanying datagraphic