Chinese residents will make 90 million outbound trips in 2020, with that number increasing by an additional 36 million over the following decade, according to a report by Euromonitor.
Department store Saks Fifth Avenue is capitalizing on a current consumer trend by announcing plans for a new storefront.
In the wake of a widespread terrorist attack in Paris, the tourism industry in the world capital is likely to feel the aftershock.
The menswear market is expected to top $450 million by the end of this year, according to a new study prepared by men’s lifestyle magazine Details.
Luxury brands such as Giorgio Armani and Gucci strove to be seen within the 75th anniversary edition of Vanity Fair’s “International Best Dressed List.”
China’s devaluation of its renminbi is intended to boost the country’s slouching trade, but the impact of the altered exchange rate will likely extend to the luxury industry.
Department store chain Neiman Marcus Group is planning for an initial public offering, filing paperwork with the Security and Exchange Commission on Aug. 4.
Swiss watchmaker Officine Panerai is entering ecommerce with its first-ever online boutique in the United States market.
As the market for luxury goods and services continues to grow worldwide, here are some key trends for the various segments of luxury consumers in Hong Kong, Singapore and Indonesia. Marketers can use the actionable insights offered here to reach their target consumers more effectively and efficiently, starting now.
Luxury Daily’s live news from July 20 – Fendi pays homage to artist with playful puppet fall campaign; Waldorf Astoria reinterprets signature salad through culinary competition; Hublot makes the climb for Matterhorn ski chalet boutique; Versace heightens lifestyle approach with branded residential development.
