Luxurynsight’s Post

𝙃𝙞𝙜𝙝𝙡𝙞𝙜𝙝𝙩𝙨 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 #𝘼𝙡𝙩𝙖𝙜𝙖𝙢𝙢𝙖 𝘾𝙤𝙣𝙨𝙪𝙢𝙚𝙧 𝙖𝙣𝙙 𝙍𝙚𝙩𝙖𝙞𝙡 𝙄𝙣𝙨𝙞𝙜𝙝𝙩 We had the pleasure of attending the presentation of the 10th edition of the True-Luxury Global Consumer Insight study in Milan yesterday! 🌟 Key insights from the study, led by Boston Consulting Group (BCG) and Altagamma, reveal the evolving preferences of the Beyond Money segment, the top 1% of luxury consumers. 🔍 Highlights: 🔺 Extensive Research: Over 12,000 respondents across 12 luxury markets, focusing on high spenders. 🔺Economic Resilience: Beyond Money consumers are immune to economic cycles, driving stable growth. 🔺Future Trends: Next-Gen VICs seek authentic connections and community-focused experiences. 💡 Brands need to prioritize personalization, exclusivity, and client advisor relationships to win the hearts of these elite consumers. Matteo Bruno Lunelli Stefania Lazzaroni credits: Boston Consulting Group (BCG) Filippo Bianchi Guia Ricci https://lnkd.in/dNmiK6pX #LuxuryMarket #BeyondMoney #ConsumerInsights #BCG #Altagamma #LuxuryTrends #Personalization #ClientExperience

The latest half-yearly report from Bain & Company and Altagamma (the Italian business association for the sector), published on 18 June, confirms that #2024 will be a less dynamic year for the #luxurygoods market, with growth revised downwards. #LuxuryMarket #LuxuryAnalysis

Are luxury brands harnessing the full potential of “Beyond Money” consumers? We have partnered with Boston Consulting Group (BCG) and Altagamma to deliver the 10th edition of the True-Luxury Global Consumer Insights study. The comprehensive study included a survey of over 12,000 luxury consumers across 12 top luxury markets, unveiling what drives loyalty among “Beyond Money” consumers and how luxury brands can win their hearts. https://lnkd.in/gssqwxTn Binayak Choudhury Gaurav Jain Elaine Pratt Anujeet Kaur Helen Trudgeon James Laight Cheryl Dickison, MBA #luxury #luxuryconsumers #luxurymarket #consumerinsights #luxuryretail

🛍 𝐌𝐲𝐭𝐡𝐞𝐫𝐞𝐬𝐚’𝐬 𝐅𝐘24 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐬𝐮𝐥𝐭𝐬 →14% net sales growth in H2 compared to last year →Full-year net sales of €839.2 million →Active customers increased by 10.4% YoY to 942,000 →4% adjusted EBITDA margin in H2, showcasing continued profitability →Record Average Order Value (AOV) of €663 As CEO Michael Kliger highlighted, Mytheresa has reaffirmed its position as a leading high-end luxury digital platform, building a community through unique digital and physical experiences. One of the benefits of reaching 30 is being able to look back on insights shared over the years. 👩💼 In a strategy deck I presented years ago for Mytheresa’s VICs, I emphasized two key areas: 1.- 𝐑𝐞𝐟𝐫𝐚𝐦𝐢𝐧𝐠 𝐭𝐡𝐞 𝐕𝐈𝐂 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 – Understanding them as affluent yet time-poor individuals, whose values go beyond luxury to encompass activism, transparency, and experiential living. They seek meaningful engagement, not just products. 2.- 𝐂𝐮𝐫𝐚𝐭𝐢𝐧𝐠 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬 𝐭𝐡𝐚𝐭 𝐫𝐞𝐬𝐨𝐧𝐚𝐭𝐞 – Mytheresa today excels in creating both digital and physical experiences that foster community and provide priceless moments that can’t be bought with money alone. 👏 What a company, what a team, and what a bright future ahead! #Mytheresa #LuxuryRetail #LuxuryEcommerce #VICStrategy #LuxuryFashion

#OutNow: Luxury goods companies have not only rebounded from the pandemic but are now undergoing a significant transformation towards an environmentally responsible and circular #economy business model, driven by customer demand and increasing regulatory pressure, with #technology playing a crucial role in this acceleration. What are the new drivers of change reshaping #customer experiences whilst revolutionising sustainability, supply chains, and product authenticity? Find out now and learn more about the top 100 largest global luxury goods companies featured in the report, including those from India, a prominent luxury goods #consumption market. Watch this space for engaging insights. #Retail #Luxury #GlobalLuxury #GlobalPowersofLuxuryGoods #Consumer

Luxury consumers are increasingly drawn to products and experiences with meaning, purpose, and a more impactful contribution to the world. Brands and marketers are at the forefront of this change, grappling with the responsibility to align themselves with consumer values of trust and purpose. We have partnered with Fox Communications to bring you an event that delves into the changing landscape of luxury consumption. Our MD Amrita B. will be sharing our latest insights on this topic and on HNW and UHNW consumers. #agility #affluential #foxcommunications #luxurywithapurpose #luxuryevents #hnw #uhnw #luxuryinsights #luxuryconsumer

The US and China are shaping up for a stronger 2025! Positive outlook for HNW consumers and luxury markets. Check out our latest data and insights from our TrendLens™ 2025 reports for the 2 biggest markets. U.S. and China. #TrendLens #LuxuryTrends #HNWConsumers #LuxuryInsights #AffluentMarket #DataDrivenInsights #AgilityResearch #LuxuryData #GlobalAffluence #ConsumerTrends #LuxuryBrands #MarketInsights

In 2024, luxury brands have continued to raise prices, especially on iconic products. Beyond rising raw material costs, fluctuating inflation and economic shifts, these price increases highlight a broader movement towards brand elevation by targeting the most affluent consumers. Not without risking to alienate the aspirational consumers segment. Together with currency fluctuation and a '34-year low of the yen against the dollar, Chinese shoppers can save up to 25 percent after a tax refund by buying in Japan according to Luxurynsight data' (WWD).   This reflects the structural challenges facing brands in their various strategies to uniform prices internationally.   At Luxurynsight, our mission is to empower luxury leaders with exceptional data insights to help them optimize their international pricing and benchmarking KPIs across all markets in real time. That is why we created our #LYPrice global monitoring tool. Fully customized to your own scope, it allows to have a full 360 overview on competitors' price positioning strategy. Swipe left on the carousel below to discover LY Price's key benefits. To request your LY Price Demo: https://bit.ly/3XfAVFo or email at louis.dupont@luxurynsight.com #Luxurynsight #LYPrice #LuxuryTrends #CompetitiveIntelligence #PricingStrategy #LuxuryPricing Jonathan Siboni Floris Pesqué Julien Chiche Alexis A. Alejandra Ocampo Louis Dupont Maria Samovarova Shruti Vyas

🔍 Dive into how luxury brands balance exclusivity with market expansion! 🔍 Shawn Boehme from PanTerra Networks revealed how personalized tech sales services and early access to features for loyal customers enhance exclusivity. This strategy sets a new standard in the tech space. 💼🌟 Special thanks to the featured experts: - Faizan Khan of Ubuy UK - Laura Jouve, CEO of Slava Communication SL - Tom Molnar at Fit Design - Danielle Fitzpatrick Clark from Influence Builder These innovative approaches ensure luxury brands remain coveted while expanding their market presence. 🌍💎 Read the full article here: https://bit.ly/3Y4FMtv #LuxuryBrands #Exclusivity #MarketExpansion #Personalization #CustomerExperience