Strength of the U.S. dollar and rising costs of living have U.S. affluent buyers looking abroad for their dream home, according to new Coldwell Banker Global Luxury data. Whether it is the desire for warmer weather, better prices or experiences around the world, wealthy U.S. buyers want to move abroad. According to a recent survey … Read more
“The nouvelle vague – the new wave – of the luxury goods market will demand evolution amid disruption, adaptation amid uncertainty, and an expansion of creativity in all of the basics – all while new trends and concepts develop”, said Claudia D’Arpizio, a Bain & Company partner and leader of Bain’s Global Luxury Goods and … Read more
Luxury real estate remains in a strong position going into 2023, with more affluent consumers turning to real estate as a long-term investment strategy, says a new Coldwell Banker report. A recent report indicates that real estate remains in a strong position for the remainder of 2022 and heading into 2023 as more affluent consumers … Read more
Fashion resale is getting bigger and bigger. Driven by Gen-Z, Preowned Clothing is Expected to Make Up 27% of the Average Resale Buyer’s Closet By 2023. The estimated value of the apparel, footwear, and accessories resale market is between $100 and $120 billion worldwide, more than three times the size it was in 2020, according … Read more
Deloitte: Healthy Eating Creates New Opportunities for Growth in Fresh Food. With inflation top of mind, it is difficult for consumers to look beyond price. However, according to Deloitte’s annual report on fresh food, consistent demand for products that foster health and wellness may provide a ray of light for the industry to influence where … Read more
High-end home buyers are backing off as rising interest rates, inflation, a tepid stock market and economic uncertainty make it less feasible to purchase luxury goods. Redfin Reports Luxury-Home Purchases Plummet 28%, the Biggest Drop on Record. Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, 2022, … Read more