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March 1, 2026
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Retail

Most likely to splurge on last-minute luxury gifts? Gen Z shoppers: report

December 15, 2023

Survey findings suggest 51 percent of Gen Z shoppers plan on purchasing luxury gifts, versus just 15 percent of baby boomers. Image credit: Neiman Marcus

 

By Amirah Keaton

Young consumers may prove key to maximizing profits as high-end brands enter the home stretch this holiday season, according to the latest research from global retail solutions firm First Insight.

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  1. Moschino allows consumers to shop the runway during live-stream
  2. Kering, in transparency move, goes for 100pc traceable organic cotton
  3. Michael Kors launches WeChat platform to enhance shopping experience in Asia
  4. Chloé fetes iconic anniversary collection via video series
  5. Mercedes introduces electric bike collection
  6. Luxury Unfiltered: Why traditional management is killing luxury as an asset class
  7. Waldorf Astoria Goa to open in 2030
  8. Missoni pays homage to founders, Brazil with charity auction
  9. Instagram acts as moisturizer to preserve Facebook's appeal: L2
  10. Sneakers become prominent force in footwear: Fashionbi
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