25 reports

Luxury is becoming accessible to more than one segment of consumers, rather than just the affluent.

  • Luxury Beverage
  • Romania
  • Louis Vuitton SA
  • Luxottica Group
  • Moët Hennessy International SAS

Whilst consumers still consider luxury writing instruments and stationery for giftgiving, other practical items, such as leather goods, beauty products and electronics, are also gifting options for special occasions.

  • Luxury Beverage
  • Canada
  • Forecast
  • Chanel SA
  • Gucci Group

Some categories, however, such as luxury timepieces, luxury writing instruments and stationery, as well as luxury portable consumer electronics, recorded poor performances in 2018, negatively affected by the anti-corruption policy from the government and changing behaviour with reg

  • Luxury Beverage
  • Luxury Goods
  • China
  • Demand

This was especially true for big ticket luxury items such as automobiles and consumer electronics.

  • Champagne
  • Luxury Beverage
  • Luxury Goods
  • United Arab Emirates
  • Demand

Specialists are particularly prominent in portable consumer electronics, writing instruments and stationery, and timepieces - three categories which are experiencing a notable shift in demand from functional quality towards symbolic status driven by the rise of digital devices.

  • Luxury Beverage
  • Luxury Goods
  • Taiwan
  • Demand

Meanwhile, stronger interest in and demand for innovative digital luxury items fuelled sales of luxury portable consumer electronics.

  • Luxury Beverage
  • Luxury Goods
  • Germany
  • Demand

Although luxury goods is seeing healthy growth, the concept of sharing luxury goods has gradually begun to spread among consumers, especially among younger consumers who prefer to spend on experiences over goods.

  • Luxury Beverage
  • Luxury Goods
  • Japan

As a result, luxury brands will look to expand their product lines to effectively tap into this consumer group.

  • Luxury Beverage
  • Luxury Goods
  • India
  • Demand

Consumers are now researching prices more before making an actual purchase.

  • Luxury Beverage
  • Luxury Goods
  • Brazil
  • Demand

Moreover, an increase in the urban population is also one of the impacting factors for luxury goods in Romania.

  • Luxury Beverage
  • Luxury Goods
  • Romania
  • Demand

Second, there was a shift in consumer preferences, as Indonesian consumers moved away from purchasing products and towards purchasing experiences.

  • Luxury Beverage
  • Luxury Goods
  • Indonesia
  • Demand

For absolute luxury brands, usually a personal contact is established between producers and retailers on the one hand and end consumers on the other.

  • Luxury Beverage
  • Luxury Goods
  • South Africa
  • Demand

Affluent consumers are on the hunt for absolute luxuries, while a growing crowd of consumers is looking for affordable luxury.

  • Luxury Beverage
  • Luxury Goods
  • Philippines
  • Demand

Many consumers therefore purchased luxury cars before ## July 2018 to avoid this additional tax.

  • Luxury Beverage
  • Luxury Goods
  • Sweden
  • Demand

For absolute luxury brands, personal contact is usually established between producers and retailers on the one hand, and end consumers on the other.

  • Luxury Beverage
  • Luxury Goods
  • Italy
  • Demand

One major new launch in 2018 concerned Jane Walker, a female version of Johnnie Walker Scotch whisky from Diageo Moët Hennessy (Thailand).

  • Luxury Beverage
  • Luxury Goods
  • Thailand
  • Demand

For the vast majority of consumers, the lowest possible price is still one of the main factors when making a purchase.

  • Luxury Beverage
  • Luxury Goods
  • Poland
  • Demand

Some companies such as Hotel Management Group LLC focus on one area of business (eg hotels), appealing to consumers by offering the highest levels of quality and service possible.

  • Luxury Beverage
  • Luxury Goods
  • Ukraine
  • Demand

These drinks are seen as old fashioned and despite a loyal following of older consumers they are not attracting a new younger consumer base.

  • Luxury Beverage
  • Luxury Goods
  • Singapore

One company to benefit from this in particular in 2017 was Gucci which overtook Louis Vuitton to become the leading player in personal luxury.

  • Luxury Beverage
  • Luxury Goods
  • China
  • Demand

Canadian provinces have begun to deregulate alcohol sales in response to consumer demand.

  • Luxury Beverage
  • Luxury Goods
  • Canada

Passport ## failure to appeal to younger consumers or women.

  • Luxury Beverage
  • Luxury Goods
  • Spain
  • Demand

For example, Mercedes-Benz reported that all of its tax-free vehicles had sold out by August 2018, one month before the end of the tax-free holiday.

  • Luxury Beverage
  • Luxury Goods
  • Malaysia
  • Demand

This strategy also cushions them against fluctuations in the economy and changes in consumer mood as the falling demand for one category or brand is compensated by the strength of another.

  • Champagne
  • Luxury Beverage
  • Luxury Goods
  • Switzerland
  • Demand

Chronext introduces innovative selling features such as allowing the customer to receive four different models to see and try, keeping the most preferred one and returning the others.

  • Luxury Beverage
  • Luxury Goods
  • Netherlands
  • Demand