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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MILAN Reuters – Sales of luxury goods are expected to grow more slowly in compared with last year as weakness 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 purpose of the Study, conducted by Vain 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. She said many major brands had alienated local consumers by raising prices for certain items such as best-selling handbags. Altagamma Studies Altagamma is the global landmark for the understanding of the luxury market.
The sector also suffered from flattish trading in real terms in the United States as the strong dollar bloated revenues in local currency but alyagamma tourists luxjry preferred instead to shop in Europe and Japan where they could get better deals. The Thomson Reuters Trust Principles. 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.
Altagamma Studies | Altagamma
Altagamma is the global landmark for the understanding of the luxury market. Abstracts are available in the alagamma releases area. It estimated that 80 percent of Chinese luxury goods shopping is done abroad.
The slowdown is also due to the retreat of Russians, particularly from their traditional shopping hotspots such as Dubai and Milan.
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 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 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. Shoppers look at luxury goods displayed in a window in downtown Milan December 8, The Thomson Reuters Trust Principles.
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. Increasing consumer confidence and tourism will support percent growth in the United States.
Luxury goods market growth to slow in Bain | Reuters
Altagamma Studies archive Filter by 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.
Every year the Foundation releases eight researches conducted in partnership with some of the most prestigious international partners. The global market of new boats has a value of 19 billion Euro and Italy altgaamma confirmed as the second largest boat producer in the world, after the US, and the first worldwide producer of super yachts.
The access to the reports is reserved to Altagamma Companies. That is a 13 percent rise at current exchange rates onBain said in the study produced with Italian luxury trade body Altagamma.
Vain 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. 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.
Luxury goods market growth to slow in 2014: Bain
According to Bain, Chinese consumers represent 31 percent of total luxury sales, followed by the Americans with 24 percent and European with 18 percent. Worldwide sales of personal luxury goods are set to rise percent this year at constant exchange rates compared with a 6.
Bain estimated the outlet market now represented 10 percent of total luxury sales, with its revenue doubling in the past three altagammq to 26 billion euros.