Bain news and archive

Sales of luxury on track to pre-pandemic levels

Sales of global luxury could return to pre-pandemic levels according to a report by Bain & Company. The path to recovery showed positive signals when the industry returned to growth in the first quarter of 2021. Compared to 2019 (2020 is not a comparable year) growth of 0.1 percent was driven largely by sales in China and a recovering U.S....

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Luxury market steady despite global uncertainty

London - The latest report concerning the global luxury market by management consultant firm Bain & Company shows collective growth at 4 percent to an estimated 1.08 trillion euro sales in 2016. The report states there is evidence that luxury consumers are changing their spending habits for more personal high-end experiences, such as luxury...

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Luxury goods to see slowdown in 2016

London - The 285 billion dollar luxury goods industry is to see a slowdown this year, according to market consultants Bain & Co. In its latest forecasts for the luxury market, sales are expected to slow to just 1 percent this year at exchange rates, compared to a growth of 1.5 percent in 2015. Figures are expected to rise in 2017 with a renewed...

Fashion Featured

Luxury market remains buoyant

What crisis? The demand for luxury goods around the world is as booming as it ever was, as wealthy Chinese consumers continue to cement their status as top spenders, according to a new study by Bain consultancy. The study, released Thursday by Italian luxury producers Altagamma, forecasts that global sales of personal luxury goods will jump 13...

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Websites feed the demand for pre-owned luxury handbags

Would you fork out 8,000 dollars for an old handbag? For fashionistas who simply must get their hands on a rare model from an iconic brand, the answer is an emphatic yes. Thanks in part to the economic downturn, some of the stigma of buying second-hand accessories has eased in recent years -- although many buyers still prefer to use euphemisms...

Fashion

Demand for global luxury goods up in 2013

Global management company Bain & Company has stated the sale of luxury goods will increase by 6 percent this year. In a report Bain said worldwide sales of personal luxury goods would rise 6 percent at constant exchange rates in 2013, higher than the 5 percent rise seen in 2012. The growth rate would be 2 percent at current exchange rates, due...