The worldwide luxury industry surpassed €1 trillion in retail sales value in 2015 and delivered healthy growth of 5% year over year (at constant exchange rates), driven primarily by luxury cars (8%), luxury hospitality (7%) and fine arts (6%), according to the 14th edition of the Bain Luxury Study, published by Bain & Company for … Read more
Bargains, glamour and its own railway station – no wonder Bicester is one of Britain’s top tourist attractions, says Eva Wiseman
Luxury shoppers are bucking the trend in retail: visiting the mall more often and spending more money in each visit than the average shopper. They’re in malls because they know they can find the most variety and enjoy spending time there, according to Eye’s survey, one of the US leading mall media provider, that has … Read more
Global luxury market: Experiential luxury makes up almost 55 percent of total luxury spending worldwide Experiences make luxury shoppers around the globe feel pampered. Experiences are in great demand. Yearly sales of deluxe experiences — from art auctions to spas to safaris — are growing 50 Percent faster than sales of high-end goods, says new report from The … Read more
Wealthy Consumers From Seven Nations Define What Constitutes Luxury and How They Shop and Rank Brands; Superior Quality, Craftsmanship and Customer Service Remain Essential but Many Firms Fall Short New York City-based Luxury Institute released “Luxury Branding and Marketing: A Global Comparison of Wealthy Consumers in Top Markets,” a survey of wealthy consumers in the … Read more