Market Navigators/Market OutlookGlobal Luxury—Retail 2024 Sector Outlook: Emerging Markets and Young Shoppers To Drive Growth Swarooprani Muralidhar, Director of Research Sector Lead: Anand Kumar, Associate Director of Retail Research December 8, 2023 Reasons to ReadThe Coresight Research Retail 2024 series of reports looks ahead to the prospects for retail next year, exploring key trends by geography (namely, the US, the UK, China and India) and sector. We will also discuss trends in healthcare and technology. This report, one of our Retail 2024 Sector Outlooks, presents directional market insights and themes to watch in luxury retailing globally. Data in this research report include: Global luxury market—sales and year-over-year growth, 2020–2024E Companies mentioned in this report include: Kering, LVMH, Hermès, Richemont, Tapestry Other relevant research: Look out for more reports in our Retail 2024 series, including outlooks for apparel and footwear, beauty and department stores in the US. Five Ways AI Is Being Used in Luxury Retail Consumers’ Appetite For Luxury in a Post-Zero-Covid China All Coresight Research coverage of luxury retailing. Visit the Coresight Research Fashion and Luxury Hub to explore sector data, reports and company profiles. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Sector Focus: Home and Home-Improvement Shopping—Data GraphicSustained Stimulus Measures Give Rise to Consumer Optimism: China Consumer Survey InsightsAnalyst Corner: US Apparel and Footwear Retailing—Key Distribution Channel Shifts in 2026Weekly US and UK Store Openings and Closures Tracker 2025, Week 7: Aldi and Skechers USA Announce Store Expansion Plans; Joann To Close 500 Stores