News By Tag Industry News News By Place Country(s) Industry News
|  Now Available: Global Luxury Retailing: Market Size, Brand Strategies and Competitor PerformanceRecently published research from Datamonitor, "Global Luxury Retailing: Market Size, Brand Strategies and Competitor Performance", is now available at Fast Market Research
By: Fast Market Research, Inc. Scope * Make informed regional investment decisions with luxury expenditure forecasts to 2015 based on inputs including the number of wealthy individuals. * Make an informed decision what product categories to prioritise in terms of investment based on expenditure by product category forecasts to 2013. * Benchmark your company's performance by accessing profiles of ten key luxury retailers including key operating details and their global market shares. * Benchmark your company's performance in terms of your e-commerce proposition and find ways to improve your customers' online experience. * Inform your pitches with top quality insights into the market supported by multiple primary interviews with senior managers at top luxury companies. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ Report Highlights The global luxury goods market is forecast to expand by 65% from 2010 to 2015, with most of this growth coming from emerging economies, especially in Asia Pacific. 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 also contributes to strong performance. Luxury retailers regard China as the top destination for international expansion, with many now aggressively expanding in the country. The focus is however on retail-led expansion to be better aware of new market developments, and dedicating extra effort in boosting brand image through dedicated products, fashion events and destination stores. Despite previously having been skeptical about e-commerce, now the majority of luxury houses have at least some online offer. However, there remains much confusion about how to guarantee a premium service online and many luxury retailers have missed the opportunity to use their transactional sites to further bolster customer engagement. Reasons to Get this Report * Which markets hold the most potential for the luxury sector and should I invest in them? Which cities are luxury players opening new stores in? * Which product categories are forecast to deliver the most robust growth? Which luxury houses are putting extra effort to develop these propositions? * What product, marketing and channel innovations and strategies should my company consider in order stay on top of market developments? * What aspects of my e-commerce offer should I consider to further boost my brand positioning in the eyes of consumers and stand out from competition? * How did players such as Burberry, Armani, PPR, LVMH, Richemont, Polo Ralph Lauren, Hermes, Prada, Bulgari and Christian Dior perform last year? Companies Mentioned in this Report: Arnoldo Mondadori Editore S.p.A., Burberry Group plc, Christian Dior S.A., CMS Energy Corporation, Compagnie Financiere Richemont AG, Daily Mail and General Trust plc, ERGO Versicherungsgruppe AG, Gucci Group, Hutchison 3G UK Limited, LVMH Moet Hennessy Louis Vuitton SA, Nestle SA, Permira Advisers LLP, Polo Ralph Lauren Corporation, PPR SA, Puig, Royal KPN N.V., Schindler Holding Ltd., Tommy Hilfiger Corporation Partial Table of Contents: EXECUTIVE SUMMARY - The downturn of 2008-09 was more painful but shorter than anticipated - Robust growth in spending on luxury goods continued in 2011 - The luxury goods market is forecast to expand by 64.4% between 2010 and 2015 - Europe will remain the largest region for luxury, despite its market share declining - Concerns over the US economy threaten continuing strength in luxury goods spending - In 2010 Asia Pacific excluding Japan overtook the Americas as the second largest luxury market - The Middle East and Others is the second fastest growing region for luxury spending - Japan's importance as a key luxury market is diminishing - Accessories remain the key product category in the luxury sector - Luxury houses continue to expand aggressively in Asia Pacific, especially in China - Luxury retailers are putting extra effort into standing out from the crowd in Asia Pacific - E-commerce is now an important channel in the luxury goods sector - There is much confusion about how to deliver a luxury service online - Flash sale sites are gaining prominence in the luxury goods market - Hermes, Burberry, and Richemont have realized the steepest sales increases - Some medium-sized global luxury companies have stolen market share from the top players STRATEGIC ACTION POINTS - Luxury retailers should focus on expansion in Greater China and the Middle East - High-end retailers need to differentiate themselves for Chinese consumers - In mature markets, focus on destination shops in key cities - Luxury houses should launch online shops to better engage with their target audience - Luxury houses should seek to offer online shopping to at least their major markets - Premium retailers should seek to deliver a luxury service online - Luxury houses should put extra effort into strengthening their accessories proposition - In clothing, expand and refine your menswear and men's accessories offer - Engage with your audience through social media - Luxury retailers should use discount channels to encourage shoppers to trade up MARKET CONTEXT AND OUTLOOK - The luxury goods market expanded rapidly in 2010-11 - Asia Pacific excluding Japan now accounts for over one quarter of all global luxury sales - The global luxury market is forecast to grow by over 60% between 2010 and 2015 Full Table of Contents is available at: -- http://www.fastmr.com/ About Datamonitor The Datamonitor Group is a world-leading provider of premium global business information, delivering independent data, analysis and opinion across the Automotive, Consumer Markets, Energy & Utilities, Financial Services, Logistics & Express, Pharmaceutical & Healthcare, Retail, Technology and Telecoms industries. Datamonitor's market intelligence products and services ensure that you will achieve your desired commercial goals by giving you the insight you need to best respond to your competitive environment. View more research from Datamonitor at http://www.fastmr.com/ # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Account Phone Number