Tag: luxury industry 2014
-
USA remains the largest global luxury market valued at US$78 billion in 2014: study
Luxury sales are expected to grow 19% to reach US$405 billion by 2019,according to Euromonitor International’s new global data on the luxury goods industry. “Luxury sales in China have increased by US$9.6 billion in the last five years and aside from the US, the top luxury market in the world with US$18.6 billion in sales,…
-
Luxury brands in a quandary as China’s wealthy young develop resistance to bling
Gucci and Prada’s financial results are disappointing and there’s a fear that the west can’t provide what sophisticated Chinese shoppers want
-
74% of luxury industry executives targeted UHNW clients through events, Luxury Sentiment survey
Most of the luxury industry insiders seem very optimistic. Wealth-X Luxury Sentiment Survey. Despite slowing global demand and consumption, luxury industry executives are optimistic about the first quarter of 2014, with nearly 80% confident they will see an increase in revenue from ultra high net worth (UHNW) individuals during the period, according to the inaugural…