Bain & Company
Luxury Market to Grow 4 Percent This Year
As consumer confidence waivers and economic and geopolitical tensions persist, luxury brands are reporting polarised performance, consultancy Bain said.
Luxury Sales Set to Grow by 5 to 15% This Year, Bain Says
The global luxury market accelerated sharply in early 2022, the consultancy found, but risks slowing due to macroeconomic pressures and Covid-19 lockdowns in China.
How 2021 Reshaped the Luxury Market
Bain’s annual market study shows an uneven recovery with new brands, regions and distribution channels taking the lead. Some of these shifts are likely to stick.
How to Beat Luxury’s Long, Slow Recovery, According to Bain
Luxury sales overall won’t likely get back to pre-pandemic levels before 2022. But a few brands are already surging ahead of the pack.
China's Gen-Z Shoppers Fuelling Luxury Market Momentum
Consumers in their late teens and early 20s are rapidly taking center stage in China, the average shopper is reportedly younger than anywhere else in the world.