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[Figure You Should Know] –18,3 billion $ is the...
The Indian luxury market is expected to cross that amount during this year. According to a research report by Euromonitor, India merely contributes 1-2% to the global luxury trade. However, despite this insignificant percentage, the market is growing at a compounded annual growth rate ( ... Lire la suite...
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#Balmain: the power of Growth Hacking in...
IMAGE : Olivier Rousteing - Directeur artistique Balmain SOURCE: FORBES - GREG PETRO - MAY, 06, 2016 If you’re in tune with what’s going on in the world of tech startups, you’ve likely heard the phrase “growth hacking.” The phrase, coined in 2012 by Silicon Valley veteran Sean Ellis, ref... Lire la suite...
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[Figure You Should Know] – +53% number of...
The number of African millionaires might be higher by 2024, numbering around 258,000 millionaires, which equates to a rise of 53%. Africa is still largely underestimated and is slowly gaining ground on that market: 80% of luxury monobrand stores are operating in Morocco and South Africa. A... Lire la suite...
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[Figure You Should Know] – 630 M[#economy...
According to McKinsey (March 2014), by 2022, middle class in China will change considerably, mainly geographically. Tier 1 cities (Beijing, Shanghai, Guangzhou, Shenzhen) might see their share of urban middle class decline (from 40% in 2002 to 16% in 2022) while it should be rising in tier... Lire la suite...
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Chinese travel spending shifts from Hard Luxury...
FROM THE JING DAILY - APRIL, 20, 2016 - JENIIFER JAPP Recent consumer surveys show that Chinese shoppers are more focused on premium everyday necessities, which is influencing how they make purchasing decisions abroad. A survey conducted by the FTConfidential Research unit at the Financial... Lire la suite...
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[Figure You Should Know] – 50 years old...
Chinese consumers in the age group of 50 (or above) tend to make less online purchases than any of the other age groups. We can assume they are not technology-driven users, though it is actually not the case. According to a report by KPMG (2015), Chinese consumers over 50 years old are... Lire la suite...
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#Watch: Louis Vuitton’s Chinese Documentary...
March 2, 2016, JING DAILY In an industry where fashion and art often collide, it’s hard not to think of Louis Vuitton. The brand has been busy blazing trails in this way in the last few years, opening an art museum outside of Paris in 2014 that would eventually lead to a co... Lire la suite...
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[Figure You Should Know] – 1st tier [#brands...
First-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen (“The Big Four”), are defined by their economic development, number of inhabitants, industries and well-known brands settled in and per capita Gross Domestic Product, among other factors. This classification is quite hand... Lire la suite...
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[Figure You Should Know] – 30% [#retail #brands...
Shopping is one of the main reason of travelling for wealthy Chinese consumers. Luxury goods bought overseas are either purchased for personal use, either for gifting, even though the latter is not as popular as it was two years ago, declining for 30% in two years. As a matter of fact, acco... Lire la suite...
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[Figure You Should Know] - $253 Billions...
This is the amount associated to the worldwide personal luxury goods market for the last year and estimated by Bain & Co. It was expected to grow – from 2014 to 2015 – only at 1 to 2 % at constant exchange rates and 13% at current exchange rates. This market should weigh for 24% of the to... Lire la suite...