All Entries in the "Luxe Blog" Category

Wealthy Reduce Buying in a Blow to the Recovery

The economic recovery has been helped in large part by the spending of the most affluent. Now, even the rich appear to be tightening their belts.
Late last year, the highest-income households started spending more confidently, while other consumers held back. But their confidence has since ebbed, according to retail sales reports and some economic analysis.
“One [...]

Hong Kong Starts New Year in Luxurious Style: Global survey shows 68% have luxury logo lust in Hong Kong

HONG KONG — Global market intelligence firm Synovate recently released data from a global study on luxury brands, showing that Hong Kong is one of the top markets globally where luxury is a lifestyle with almost one in four consumers,
compared to 17% across the globe.
Synovate’s luxury research expert and CEO for the UK, Jill Telford, [...]

As Recession Stops Splurges, Luxury Retailers Retool

The “aspirational shoppers’’ – middle-class consumers with luxury tastes – have disappeared during the Great Recession. Their new found frugality has contributed to an estimated 16 percent plunge in luxury spending over the past year, according to a report by Bain & Co.

But retailers are not giving up so easily; they are trying to rekindle [...]