EIU news and archive

Asia to account for half of luxury goods market

A new study has indicated Asia will take over 50 percent of the luxury market in the next ten years. As Asian household incomes grow and local economies expand, the region will account of 50 to 60 percent of the world's luxury brand turnover, according to Economist Intelligence Unit (EIU). The region, which currently accounts for around...

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2012 retailers to expand in new markets

With consumer spending hitting a low and UK economic growth stunted, retailers are looking for ways to offset this in 2012. According to new research from the Economist Intelligence Unit, expansion into emerging markets is going to be the most beneficial way to do this. Having surveyed retail professionals, Jon Copestake, Lead Analyst for...