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Marketing

Affluent consumers to decrease luxury market spend, says Luxury Institute

November 1, 2016

Shoppers look toward their immediate and social networks to inform their purchases Shoppers look toward their immediate and social networks to inform their purchases

 

By Brielle Jaekel

The drastic shift in consumer behavior from the rapid evolution of technology has resulted in a 20 percent drop in customer spend with luxury brands, according to the Luxury Institute.

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  1. Printemps unveils VIP shopping suite at Haussmann flagship
  2. New retail space from Louis Vuitton featuring cafe, exhibition comes to Shanghai
  3. Live music centers latest launch from Burberry
  4. Bentley opens three showrooms in North America
  5. Quarterly sales down at Versace, Jimmy Choo
  6. Alfa Romeo continues anniversary-year celebration
  7. EBay auctions looks worn by singer Chappell Roan for Pride Month
  8. Vera Wang owner enters new licensing agreement
  9. Luxury is about to have its McDonald’s moment
  10. ‘Sustainability is no longer an option – it's an expectation’: Bain
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