Consumer Spending

Global Currents

Vietnam: Luxury’s Next Goldmine?

2 December 2019 • By Zoe Suen

Global Currents

Vietnam: Luxury’s Next Goldmine?

On the back of a deal with the EU, luxury goods will become more affordable in Vietnam. Are brands investing heavily enough in what is one of the fastest-growing economies in the world?

BoF Professional Exclusive

Don't Believe the Hype: Exclusivity Still Matters

24 October 2019 • By Luca Solca

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BoF Professional Exclusive

Don't Believe the Hype: Exclusivity Still Matters

Demand for luxury fashion is deeply rooted in exclusivity. The rise of millennials and the industry’s recent use of inclusivity in its marketing narratives does not change this, argues Luca Solca.

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News & Analysis

US Retail Sales Rise More Than Expected in August

13 September 2019 • By Reuters

13 September 2019 • By Reuters

Consumer spending, which accounts for more than two-thirds of the economy, increased at a 4.7 percent annualised rate in the second quarter, the most in four and a half years.

News & Analysis

US Retail Sales Rise More Than Expected in August

Consumer spending, which accounts for more than two-thirds of the economy, increased at a 4.7 percent annualised rate in the second quarter, the most in four and a half years.

News & Analysis

UK Consumer Spending Growth in 2019 to Be Slowest in Six Years

24 June 2019 • By Reuters

24 June 2019 • By Reuters

Consumer spending benefited from robust employment growth and a strong pick-up in real earnings growth in the second half of 2018 and early 2019, but the outlook is now weaker.

News & Analysis

UK Consumer Spending Growth in 2019 to Be Slowest in Six Years

Consumer spending benefited from robust employment growth and a strong pick-up in real earnings growth in the second half of 2018 and early 2019, but the outlook is now weaker.

News & Analysis

Apple, Louis Vuitton, Gucci Drop China Prices for VAT Cuts

2 April 2019 • By Reuters

2 April 2019 • By Reuters

Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.

News & Analysis

Apple, Louis Vuitton, Gucci Drop China Prices for VAT Cuts

Luxury brands lowered product prices in China as a cut in the country's VAT rate came into effect on April 1.

News & Analysis

PZ Cussons Sees Lower Profit as Africa Challenges Mount

29 January 2019 • By Reuters

29 January 2019 • By Reuters

The owner of Imperial Leather, Original Source and St Tropez has been struggling to turn around its African business, which contributes over a third of its revenue.

News & Analysis

PZ Cussons Sees Lower Profit as Africa Challenges Mount

The owner of Imperial Leather, Original Source and St Tropez has been struggling to turn around its African business, which contributes over a third of its revenue.

BoF Professional Exclusive

Making Sense of China’s ‘Consumption Upgrade’

19 December 2018 • By Zoe Suen

BoF Professional Exclusive

Making Sense of China’s ‘Consumption Upgrade’

Chinese consumers are upgrading their consumption habits, Canada Goose postponed its Beijing debut amid the fallout from Huawei, and a farmer's DIY couture is going viral. Read China Decoded to make sense of the market.

News & Analysis

UK Consumer Spending Falls by Most Since July

17 December 2018 • By Reuters

17 December 2018 • By Reuters

Expenditure on clothes, recreation, transport and communication all dropped by more than 2 percent in November compared with a year earlier.

News & Analysis

UK Consumer Spending Falls by Most Since July

Expenditure on clothes, recreation, transport and communication all dropped by more than 2 percent in November compared with a year earlier.

News & Analysis

French Consumer Confidence Falls to Lowest in Three Years

27 November 2018 • By Reuters

27 November 2018 • By Reuters

Concerns over unemployment and inflation caused by rising oil prices makes French consumer confidence take a tumble.

News & Analysis

French Consumer Confidence Falls to Lowest in Three Years

Concerns over unemployment and inflation caused by rising oil prices makes French consumer confidence take a tumble.

News & Analysis

Blockbuster Cyber Monday Is Overshadowed by Economic Outlook

26 November 2018 • By Bloomberg

26 November 2018 • By Bloomberg

Despite record spending on Cyber Monday, rising interest rates and an escalating trade war mean US retailers are still facing squeezed profit margins.

News & Analysis

Blockbuster Cyber Monday Is Overshadowed by Economic Outlook

Despite record spending on Cyber Monday, rising interest rates and an escalating trade war mean US retailers are still facing squeezed profit margins.