Generation Z is storming into the market. Already responsible for 15–20 percent of sales of luxury brands in the western world, it will account for 40–50 percent of luxury revenues by 2030. Given that ...

Luxury brands have lost about 50 million customers in two years. Secondhand websites and lower-price competitors are welcoming defectors with open arms. Demand for luxury goods is expected to be ...

The sea of sameness is not an exception — it’s the rule. And therefore, up to 50% of today’s luxury brands will not survive the transition towards a Gen Z-dominated world, which will be completed by ...

Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company’s new annual luxury report warns.

Luxury brands feel the sting as Chinese growth slows. By Mimosa Spencer. July 17, 2024 5:04 AM UTC Updated July 17, 2024. Item 1 of 5 People stand with Hermes shopping bags as they ...

Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company’s new annual luxury report warns.

According to Bain & Company’s latest Annual Luxury Report, approximately 50 million luxury consumers have ceased buying iconic luxury brands like Dior, Burberry, and others, marking the first ...

London/Shanghai | Luxury goods are being discounted at rates as high as 50 per cent in China as middle-class shoppers rein in spending on big-ticket items and retailers grapple with overstocking ...

After a year of sweatshops scares, steep price hikes and a brewing trade war, luxury brands are working hard to rebuild trust through storytelling that emphasizes craft and heritage.

While luxury brands in beverage have been highly successful, luxury food brands are, as of yet, less prominent. ... While a premium product is usually priced at 20-50% above the mass market product, ...