Altagamma Worldwide Markets Monitor. Claudia D’ . GLOBAL PERSONAL LUXURY GOODS MARKET (E|€B). “The great mall of .. Claudia is the lead author of the Bain’s Yearly Luxury Study, developed. Altagamma is the global landmark for the understanding of the luxury market. the Worldwide Luxury Market at a glance (Altagamma/Bain&Company ) Details. The 13th edition of the Bain Luxury Study, published by Bain & Company for Fondazione Altagamma, the industry association of the manufacturers of Italian.
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Russians, traditionally the most important nationality among foreign luxury shoppers in Italy, are travelling less to Europe due both to the political crisis and a weakening ruble. MILAN Reuters – Sales of luxury goods are expected to grow more slowly in compared with last year as altsgamma in China, Russia and Europe counters rising global tourist shopping and strong demand in Japan and the United States, a study said on Monday.
The slowdown is also due to the retreat of Russians, particularly from their traditional shopping hotspots such as Dubai and Milan.
The sector also suffered from flattish trading in real terms in the United States as the strong dollar bloated revenues in local currency but spooked tourists who preferred instead to shop in Europe and Japan where they could get better deals.
Worldwide sales of personal luxury goods are set to rise percent this year at constant exchange rates compared with a 6. Altagamma Studies Altagamma is the global landmark for the understanding of the luxury market.
The access to the reports is reserved to Altagamma Companies. The Thomson Reuters Trust Principles. While travel retail, outlet stores and online shops are expected to perform well as people travel more and search for bargains, new shop openings are expected to slow in as brands seek to maintain exclusivity.
The global market of new boats has a value of 19 billion Euro and Italy is confirmed as the second largest boat producer in the world, after the US, and the first worldwide producer of super yachts. According to Bain, Chinese consumers represent 31 percent of total luxury sales, followed by the Americans with 24 percent and European with 18 percent.
The Russian market is showing signs of a potential structural crisis as political turbulence worsens an already deteriorating economic outlook, the study said, forecasting a percent drop in luxury sales there this year.
The increases, which she estimated to be percent over the past three years for some items, were partly driven by the desire to harmonise prices with other regions such as Asia, where prices were higher due to tariffs and other factors.
The purpose of the Study, conducted by Deloitte and Altagamma for Nautica Italiana, is to analyse the main trends of the global boating recreational market classified by the main vertical sectors and business segments of the industry. Every year the Foundation releases eight researches conducted in partnership with some of the most prestigious international partners. Bain estimated the outlet market now represented 10 percent of total luxury sales, with its revenue doubling in the past three years to 26 billion euros.
It estimated that 80 percent of Chinese luxury atlagamma shopping is done abroad. Japan will be the main growth driver inwith luxury sales rising percent to billion euros, as both Japanese shoppers and Chinese tourists take advantage of the weaker yen, but this could be affected by brands hiking prices.
Increasing consumer confidence and tourism will support percent growth in the United States. Shoppers look at luxury goods displayed in a window in downtown Milan December 8, Altagamma Studies archive Filter by year. She said many major brands had luxuru local consumers by raising prices for certain items such as best-selling handbags.
Abstracts are available in the press releases area.
In a separate report also presented on Monday, Altagamma forecast growth of around 6 percent at constant exchange rates for the sector inwith better results in the second half.
The Thomson Reuters Trust Principles.
Altagamma Studies | Altagamma
The luxury markets are analysed by looking at demand and supply with specific in-depth analysis and forecasts on consumption, consumer profiling, digital, retail and specific product category. So far this year the market is performing in line withthe study said, with worldwide sales of luxury clothing, watches, perfumes, cosmetics, jewelery and accessories such as belts, ties and shoes up 6 percent at constant exchange rates. That is a 13 percent rise at current exchange rates onBain said in the study produced with Italian luxury trade body Altagamma.
Altagamma is the global landmark for the understanding of the luxury market.