On other sites or with other people, luxury can sadly be a dirty word. Seen as wasteful, many people who can otherwise afford something better stick to subpar products and experiences that at best don’t fully fulfill someone’s need and at worst are a complete waste of time. Yet luxury can and … Read more
The global personal luxury goods market reached a “new normal” pattern of growth, says Bain & Company’s report According to Bain & Company‘s new report, the future of the luxury industry is taking shape with a number of key characteristics, including Chinese Generation Z, access, ownership, sustainability and social responsibility, the impact … Read more
London, Paris, Tokyo and Singapore are the global destinations to remain the key focus for luxury brands wanting to expand or improve their physical profile in 2019. With a 38% increase in luxury store openings last year, London became the most active destination globally for high-end brands last year, according to Marie Hickey, retail … Read more
Where the wealthiest and most powerful players tend to own property? “Power Markets” include both well-established and unexpected luxury markets offering a range of lifestyle amenities, cultural experiences and educational opportunities. Coldwell Banker Global Luxury Released The Report: State of Luxury Real Estate 2019 Coldwell Banker Real Estate LLC and the Coldwell Banker Global Luxury … Read more
Sales fall 8% while debts from department store collapse and fewer tourists add to losses
According to the World Economic Forum, “fifty percent of the world’s population is under the age of 30,” making Generation Y (also known as “Millennials”) the cohort for businesses to court if they want to maintain relevancy and increase profit in 2018 and beyond. Who are Millennials and How are They Changing the Luxury … Read more