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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BainFondazione Altagammaluxury goods. Luxury goods sales in China this year are forecast to be up 18 percent to 23 billion euros.
Luxury should continue to prosper in according to report by Bain & Altagamma – CPP-LUXURY
HMV Hong Kong collapses. Bain partner Claudia D’Arpizio says half of altaga,ma purchases will be made in China, as price differences between countries fade and brands improve the customer experience in China. China kept close to its projections, rising 20 per cent, albeit with the year still not over.
China factory activity shrinks for first time in over 2 years, looks tougher. MILAN–Chinese consumers will remain the driving force for the luxury goods market, according to a new study by Bain consultancy released Altagaamma that shows they will fuel nearly half of global high-end sales by The fact is that consumers love luxury and just want o buy more product than ever.
Prada Spring Summer ad campaign. Luxury online The retail channel grew 4 per cent this year, with three-quarters coming from like-for-like sales growth. Foot Locker Malaysia to launch at 1 Utama. Bain predicts Generation Z, which today comprises just 2 per cent of the market will account for 10 per cent of it in Altagamma Studies Altagamma is the global landmark for the understanding of the luxury market.
Don’t miss a thing! Accessories remained the top category sold online, ahead of apparel; beauty and hard luxury jewellery and watches were both on the rise.
Altagamma is the global landmark for the understanding of the luxury market. Europe and the Americas, still the two largest markets, remain flat due to strong currencies, totaling 84 billion altagamka and 80 billion euros, respectively. The founding family of Italian jewelry group Casa Damiani said on Friday it would launch a takeover to buy the …. The luxury markets are analysed by looking at demand and supply with specific in-depth analysis and forecasts on consumption, consumer profiling, digital, altagakma and specific product category.
Altagamma Studies archive Filter by year. Abstracts are available in the press releases area. In the Americas, the US luxury market benefitted from a weaker dollar during the crucial Holiday season.
Luxury should continue to prosper in 2018 according to report by Bain & Altagamma
Sign up to receive daily news. This year, Generations Baij and Z contributed per cent of the total luxury market growth, compared with 85 per cent last year.
In-house News and Messages. That’s up from one-third of all sales of luxury wltagamma, accessories and cosmetics last year. Bangladesh ruling coalition declared winner of disputed vote. Between and this year, their purchases in Mainland China contributed twice as much growth as their spending abroad.
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.
Every year the Foundation releases eight researches conducted in partnership with some of the most prestigious international partners. 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 baiin teenagers who favor casual wear like expensive sneakers.
South Korean cosmetics firm Skinfood collapses. The purpose of the Study, conducted by Deloitte and Altagakma 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.
Miniso Canada on brink of bankruptcy. Europe will not achieve similar growth rates.
Will Hong Kong’s retail rebound continue? Browse News collects all the stories you want to read. It has been hurt by a stronger euro, which has dented purchases by tourists, but some countries have seen stronger consumption Russia, France, Switzerland.
Bain slashes global luxury goods sales forecasts
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. No reproduction or republication without written permission.
Asahi Shimbun on Twitter. That means volume is driving market growth, rather than just price increases. Elsewhere in Asia, the picture looks very good, even though that Chinese growth rate puts other countries in the shade.