Global Luxury Retail: A Divergent Market November 2015
The brands synonymous with luxury retail shout out to us from many locations around the world. To get beneath the surface of luxury retail trends, we look at the state of three traditional cities in Europe—London, Paris and Milan—as well as New York, Mumbai and Lagos.
We also consider the wider implications of the changing global economy for luxury retail, which, until recently, seemed immune to the headwinds impacting other parts of the economy. This includes the great challenge of forecasting dynamics within the Chinese consumer market, which now accounts for 30% of global luxury purchases.
In addition, we examine where retailers are seeking to expand, as their target markets are changing as the penetration of luxury in established locations reaches maturation.