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Luxury Retailing: Home and Away—Three Learnings for Growth Across Global Markets

Luxury Retailing: Home and Away—Three Learnings for Growth Across Global Markets

What's Inside

Currently, 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:

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