While technology has inarguably led to major growth and opportunity in the world of luxury, the boundaries between digital and human are beginning to blur.
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Fflur
Why Japan’s Luxury Market is Driven by International Tourism
The weakening value of the Japanese yen has boosted the number of tourists on the country’s soil, notably from China. This has helped balance out Japan’s sluggish economy.
Inside the $85billion US Luxury Goods Market: Slow Growth, but Still Leading the Pack
Inside France’s US$22 Billion Luxury Goods Industry
Despite avoiding recession, France’s luxury market is still facing a number of challenges.
South Korea: The New Market for Luxury Brands?
As one of the leading Asian consumer markets, South Korea provides ample opportunities for luxury goods companies across many categories. Euromonitor’s Fflur Roberts reports.
Mixed Results of Falter and Recovery for the Swiss Luxury Market
The difficult retail environment created by the strong Swiss franc and the lifting of the euro exchange rate cap by the Swiss Central Bank in January 2015 slightly relaxed in 2016, but not fully. FFlur Roberts reports on how the results are affecting the Swiss Luxury Market.
Brazil’s Economic Uncertainty Strains the Luxury Industry
Once recognised for its enormous growth potential for the luxury goods industry, the BRIC group of countries has recently been struggling economically amidst an export bust due to falling global commodity prices as well as an escalating debt burden.
Mexico Bucks Emerging Market Trend but Outlook Remains Uncertain
Luxury goods retail sales in Mexico grew an impressive 9% to reach MXN 65 billion (US$3.2 billion) in 2016 making it the largest luxury goods market in the Latin American region and bucking the overall emerging market trend of slower growth that we have witnessed over the past few years.
China Set for Steady Performance Amid Unfavourable Market Environment
Luxury Industry Facing Mounting Risks into 2017
According to Euromonitor’s latest data, the global luxury goods industry looks set to continue to expand in 2017, albeit slowly, with disappointing headline growth. As tough global trading environments continue to prevail – social and political unrest in Asia Pacific, economic slowdown in Latin America, and conflict in Eastern Europe will conspire to restrain growth in both key emerging and developed markets.