Luxury Daily
The authority in luxury news.
April 20, 2024
  1. 2019 luxury spend expected to grow highest in UK
  2. Mandarin Oriental hosts charity gala in London
  3. Burberry transforms customer experiences through digital innovation
  4. Dior explores the craft of Sauvage in new campaign
  5. Ruinart to bring ‘Conversations with Nature’ to Frieze New York
  6. Dior takes a step towards film with latest perfume ad
  7. Dolce & Gabbana, Smeg present 'Blu Mediterraneo'
  8. Men spend more on luxury, but shop the same amount as women: report
  9. Luxury Unfiltered: The mistake the luxury industry is making with AI
  10. Rimowa debuts ‘new era’ of Never Still campaign
Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

Research

Luxury business to contract by 20-35pc this year: Bain update

May 12, 2020

Nordstrom plans reopen as luxury retailers struggle during shutdowns. Image credit: Nordstrom Nordstrom plans reopen as luxury retailers struggle during shutdowns. Image credit: Nordstrom

 

By Dianna Dilworth

The luxury market is likely to contract 20-35 percent this year, as the COVID-19 pandemic has shut down the world and brought business across luxury sectors to a halt, according to an updated Bain & Company report.

To read the entire article, please subscribe or
 
LATEST HEADLINES
MOST POPULAR
  1. 2019 luxury spend expected to grow highest in UK
  2. Mandarin Oriental hosts charity gala in London
  3. Burberry transforms customer experiences through digital innovation
  4. Dior explores the craft of Sauvage in new campaign
  5. Ruinart to bring ‘Conversations with Nature’ to Frieze New York
  6. Dior takes a step towards film with latest perfume ad
  7. Dolce & Gabbana, Smeg present 'Blu Mediterraneo'
  8. Men spend more on luxury, but shop the same amount as women: report
  9. Luxury Unfiltered: The mistake the luxury industry is making with AI
  10. Rimowa debuts ‘new era’ of Never Still campaign
VIDEOS
More Videos

MORE IN Research
Consumers prefer ‘new signs of success’ over traditional shows of status: report
Africa’s millionaire population to jump 65pc by 2033: Henley & Partners
Private equity deal value fell by 37pc in 2023: Bain
In-store experience drawing consumers back to malls: Placer.ai
Nearly 50pc of consumers prefer secondhand shopping online: ThredUp
Luxury seen positively by 84pc of affluent Americans: Ipsos



RECENT ARTICLES
Mandarin Oriental hosts charity gala in London
Alexander McQueen exec lands CEO role at Harvey Nichols
Nordstrom family circles back on plan to go private

‘Writing royalty’: Montblanc celebrates Meisterstück’s centennial
Jimmy Choo hits the green with golf-inspired capsule
Saks prelaunches seasonal styles from Prada