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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. Actress Anya Taylor-Joy sparkles in new Tiffany & Co. campaign
  2. Burberry transforms customer experiences through digital innovation
  3. Gucci crowned for circularity at CNMI Sustainable Fashion Awards 2023
  4. Estée Lauder Cos. to open fragrance atelier in Paris
  5. LVMH cheers on 2024 Olympic Games with ‘Crafting Dreams’ campaign
  6. Presentation decks and agenda for Luxury FirstLook Jan. 15
  7. Krug embraces music with ‘Tasting Sound’ experiential pop-ups
  8. Canada Goose makes board changes, names new CTO
  9. Introducing Luxury Women to Watch 2021
  10. Lexus goes off the beaten path for 2023 RX campaign debut
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