More luxury: In 2023-24, industry revenue is expected to rise due to a focus on direct-to-consumer sales
Luxury product retailing revenue is expected to edge upwards at a compound annual rate of 1.8%. The performance of the Luxury boutiques has been mixed. High inbound tourism propelled sales in the first half of the period, though this rally ended with the pandemic and travel restrictions. With most of the inventory coming from overseas, luxury stores have also faced a complex landscape since the end of the UK-EU transition period.
The industry consists of bricks-and-mortar retailers that primarily sell luxury fashion items such as clothing, footwear and accessories. The industry excludes department stores that retail luxury products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Compagnie Financiere Richemont SA
- LVMH Moet Hennessy Louis Vuitton SE
- Kering SA
- Burberry Ltd
Methodology
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