Following a steep but short decline in global sales, the luxury retail market made a stylish comeback in 2010 and continues to thrive in 2011. Affluent consumers are rekindling their love for premium brands, and those with newfound wealth are discovering them for the first time. Verdict forecasts that the market will grow 65% between 2010 and 2015. This report tells you exactly where that growth is occurring, the brands that are driving sales, and the key strategies being used to entice luxury shoppers.
Global Luxury Retailing: Market Size, Brand Strategies and Competitor Performance - Access your free report extract
Global Luxury RetailingMarket Size, Brand Strategies and CompetitorPerformance - Access your free report extractAccess your free report extractSample what Verdict has to offer bydownloading a complimentary extract from ourreport. We identify luxury shoppers in China,present some of the strategies being used byluxury houses to showcase their brands in thecountry, and give you a list of nationaldepartment stores and luxury goods websiteswhich could be your gateway into this lucrativemarket.Access it now >>
Following a steep but short decline in global sales, the luxury retail market made astylish comeback in 2010 and continues to thrive in 2011. Affluent consumers arerekindling their love for premium brands, and those with newfound wealth arediscovering them for the first time. Verdict forecasts that the market will grow 65%between 2010 and 2015. This report tells you exactly where that growth is occurring, thebrands that are driving sales, and the key strategies being used to entice luxuryshoppers.3 Ways this report will help you:• Are you a department store, an investor, or a supplier to the luxury retail sector? Identify which luxury brands you want to support by uncovering their key performance indicators. Discover whether its sales of leather, cosmetics or clothing that are burgeoning, by accessing category data for the market.• Are you a luxury brand developing your e-commerce operations and aspiring to be stronger than your peers? Benchmark your companys internet proposition and discover new ways to improve your customers shopping experience. Inform the next stage in worldwide expansion for your online and store operations by accessing luxury expenditure forecasts to 2015.• Read about all the market trends that matter, and develop captivating business pitches equipped with market insights derived from Verdicts interviews with key executives at leading luxury houses and information from global wealth managers.
Key findings from this report:• In 2011 recovery in the luxury goods market has continued with retail expenditure on branded luxury products forecast to expand by 17.3% in dollar terms year-on- year. Asia Pacific is at the forefront of growth and China remains the key growth generator in the region, but new demand from other markets such as South Korea, Taiwan and to a lesser extent India, is also contributing to strong performance.• While previously luxury houses were sceptical about launching transactional websites, now the majority of luxury players have at least a limited online offer. However, there remains much confusion in the luxury goods sector surrounding how to guarantee a premium service online. Moreover, many high-end retailers still havent seized the opportunity to use their transactional sites to communicate frequently with their target audiences.• Burberry saw its revenue rise by a compounded annual growth rate (CAGR) of 10.9% in 2006–10, which led the British company to overtake Giorgio Armani as the seventh largest luxury fashion house globally. Burberrys exceptional performance is down to effective management, a revamped brand image, rapid international expansion, and, more recently, powerful engagement with its customers through digital strategies.
To access your free report extract, please click:Free Report ExtractTo buy this report, please visit Verdict ResearchStore:Verdict Research Store Enjoy the reading!