Luxury Goods

Creating Connected Experiences – Luxury Interactive 2016

by October 27th, 2016

Luxury Interactive took place at the Convene Conference Center in New York on 17-19 October 2016. At this event, speakers and panellists from across the luxury retail industry shared their insights on the growing digital marketplace. They also exchanged their strategies to enhance customer service and drive sales in the growing digital space. Euromonitor International […]

Introduction to Euromonitor Quarterly Global FMCG Industry Forecasts

by and October 19th, 2016

In Q3 2016, the global economic outlook declined as mounting uncertainty in Europe, the UK and the US outweighed any boost from the BRICs. This quarter, fast moving consumer goods (FMCG) forecast growth revisions from Euromonitor International’s Industry Forecast Model generally point to marginal retail sales downgrades through 2020.

LVMH’s Purchase of Rimowa Illustrates the Uncertainty of the Luxury Market

by October 9th, 2016

2016 has been a bumpy year for the luxury market, plagued by the decline in luxury spending by Chinese tourists, plunging oil prices which have led to a major currency shake-up in Latin America and Russia, terrorism threats in traditional luxury markets like France, and further economic upheaval triggered by Brexit. Hermès International SCA has […]

Tourism Having Positive Effects on Personal Accessories in Russia

by and October 5th, 2016

  Personal accessories in Russia grew last year in local currency, but declined in US dollars. This decline could have been worse, but there are factors at play creating a positive effect in the industry. First, less Russians are leaving the country to buy personal accessories in other countries, and secondly, more tourists are coming […]

Fashion Friday: Chinese Tourists Looking to Australia as a Fashion Destination

by September 30th, 2016

Chinese tourists are visiting Australia with the intention to shop. Many of these tourists are buying luxury brands while they visit Australia, as the country has built its status as a luxury shopping destination with the arrival of many global luxury companies. National tourism campaigns are also specifically directed at Chinese tourists. According to Euromonitor […]