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The younger generation will be key for the luxury industry in the next decade as it enters a “new normal” characterised by lower growth, new research shows. To find success, brands will need to refocus on their customers to better anticipate and cater to…
Mainland Chinese shoppers increased their spending on luxury goods overseas by 10 per cent last year according to new research from Bain & Company. The increase comes as a surprise given the significant slowdown in China’s economic growth, the much-publicised…
China’s total retail consumption will jump 50 per cent to $6.5 trillion by 2020, with online transactions accounting for half of that growth, according to new research. Seventy per cent of those e-tail purchases will be conducted via mobile devices. Over that…
Chinese shoppers now account for 31 per cent of the world’s annual luxury sales. According to Bain & Company’s 2015 Worldwide Luxury Report, the overall luxury industry will surpass €1 trillion in retail sales value in 2015. The market delivered healthy…
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