Deep Dive 20 minutes PremiumLuxury Retailing: Home and Away—Three Learnings for Growth Across Global Markets Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research July 11, 2024 What's InsideCurrently, consumer shopping behaviors are shifting due to a wide variety of factors, including digital advancements, changing demographics and evolving cultural dynamics; as such, luxury brands and retailers must reassess their traditional approaches and embrace new strategies to remain relevant and competitive. We explore three key trends that are driving growth in global luxury retailing and major players’ recent responses to changing market forces, providing valuable insights into the modern luxury market. Data in this research report include: The size and growth of the global luxury market, broken down by geography, 2019–2028E Overseas tourist visits to Japan, 2019–March 2024 Worldwide year-over-year high-end fashion travel spending growth for March 2024 Companies mentioned in this report include: Alibaba, Amazon, Burberry, Canada Goose, Capri Holdings, Compagnie Financière Richemont, JD.com, Kering, LVMH, Tapestry, Walmart Other relevant research: Market Navigator: Global Luxury Retailing—Ultra Luxe and the China Market Stand Out as High-End Hitters Global Luxury—Retail 2024 Sector Outlook: Emerging Markets and Young Shoppers To Drive Growth Introducing “Fast Luxury” and Its Implications for the Retail Market Five Ways AI Is Being Used in Luxury Retail 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: Earnings Insights 1Q24, Week 5: Ralph Lauren, Ross Stores and TJX See Sales Growth; Lowe’s and Target See Sales DeclineEarnings Insights 2Q24, Week 1: Mixed Reports from Kimberly-Clark, Levi’s, Skechers and WalgreensSeptember 2023 US Retail Traffic and In-Store Metrics: Shopper Yield Decline Softens Despite Negative Trends in Store-Based Sales and TrafficThree Data Points We’re Watching This Week: US Surveys Focus