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Retail

Only 40pc of luxury goods are purchased by “true luxury” consumers: BCG

January 18, 2018

Affluent consumers commonly trade up and trade down their purchases. Image source Rolls-Royce

 

By Danny Parisi

NEW YORK – Many of the problems that caused luxury growth to stagnate over the last few years are challenges largely created by the business itself instead of outside forces, according to research from Boston Consulting Group.

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  1. Luxury Women to Watch 2017
  2. Burberry bans exotic skins
  3. Estée Lauder Cos., Jo Malone launch AI scent advisor
  4. Kering to acquire jewelry manufacturer Raselli Franco Group
  5. Savannah College of Art and Design debuts SCAD LUXE research center
  6. Bulgari names Chinese actress Liu Yifei as newest global ambassador
  7. Audi propels Santa into the future with electric sleigh
  8. Gucci studies connection in spring/summer 2025 campaign
  9. With ‘My Call,’ Rémy Martin finds meaning in new milestones
  10. Dior builds five-story statement flagship in Beijing
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