Global luxury goods overview

This report discusses the luxury goods industry in a global context, including changes in key markets, consumer attitudes and technology’s influence on luxury goods.
  • Sales of luxury goods grew by 3% in 2016, despite slowdowns in important markets, such as China and Russia; the US continues to provide robust growth, and is set to remain world leader until 2018.
  • A range of technology, economic and environmental changes are driving demand for luxury goods that meet the needs of a more conscious consumer.
  • 'New luxury' - goods and services that offer higher levels of taste, quality and aspiration than other products within the luxury goods category – is considered the new cornerstone of the industry.
  • Luxury retailers globally will need to adapt...

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