MILAN (AP) — Global sales of personal ... luxury market, following Europe, worth about 100 billion euros ($106 billion), or nearly one-third of all global high-end sales of apparel, leather ...

The U.S. jewelry market grew 5% in 2024 to $85.4 billion, but affluent consumers are pulling back on planned jewelry ...

Tariff reversals and geopolitical unrest are dampening consumer confidence, but there may be a potential for sector ...

As the industry experiences a downcycle, strong branding amplifies pricing power and supports fuel for long-term growth. The luxury industry is a competitive niche in the consumer cyclical space ...

According to Bain, the country's personal luxury goods market increased from 29 billion euros ($31.4 billion) in 2023 — a 27% increase from the year before at constant exchange rates.

There is an exception, though: the world of luxury goods. Luxury multi-brand portfolios share features with industrial ... Unlike multi-brands in home and personal care, luxury maisons tend ...

Bain & Company reported a global market value of €1.5trn, with personal luxury goods reaching €362bn – a four percent increase at current exchange rates and eight percent at constant rates. Notably, ...

which then gave a boost to the market. Chinese consumers had more “discretionary spending capacity that they can dedicate to personal luxury goods,” he says. A case in point is the Sicilian ...

An increasingly maturing retail sector, global and regional macro-economic factors, combined with dampened consumer confidence is translating into a market that is growing much slower than before. The ...

Now, the city questions its future. Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study ...