NorthStar-Consulting.uk’s Post

The Luxury Customer is Changing In 2026 over 60% of luxury customers will be 45 years old or younger. #luxurycustomer The typical luxury customer will not be the older more traditional customer. What influences younger luxury customers to purchase is different to older generations. This i believe is going to create new opportunities particularly for luxury brand marketers and luxury ecommerce. #luxurybrand Inspiring and attracting luxury customers is going to change. Understanding how they purchase online is going to be very important. #luxuryecommerce Scientia est Potentia - Knowledge is Power #luxurycustomer #thefreshkid Source: HYPEBEAST

The luxury industry is undergoing a digital transformation, especially after the epidemic, consumers are increasingly inclined to experience and purchase luxury goods through online channels. However, in the face of this trend, how to maintain the brand's uniqueness and high-end image is still a key issue we need to solve. The integration of online and offline will become the main driving force for future growth. How to innovate the retail experience and enhance customer personalized services is a direction that we as luxury brands must continue to explore. What about your industry? #luxuryindustry#digitaltransformation#customerexperience"

The demographics are changing rapidly especially given the purchasing power of the sub 45 year old consumer who I would tend to say spend disproportionately on luxury goods. Manufacturers have shifted their design approach to meet this demand. One cannot discount the the impact of new media on the fashion business and particularly younger consumers who consume more content, are more easily influenced, display an insatiable appetite for consumption and likely think their value is sidedly tied to the brands they own. This data has far reaching implications beyond retail as it portends something that could be much more alarming about the state of the world we live in.

Ready for the challenge ?

From hyper-personalization to the rise of re-commerce, luxury brands are constantly innovating to meet consumer demands and stand out in a competitive market. Swipe through to discover 7 transformative trends shaping luxury retail in 2025. Don’t miss this look into what’s driving the next wave of luxury shopping experiences. #LuxuryShopping #DigitalTransformation #2025RetailTrends

Luxury retail is evolving! 🌟 Today's consumers seek personalized experiences, sustainability & seamless omni-channel shopping. #Luxury brands that embrace these trends not only meet expectations but also foster #loyalty and #connection. Exciting times ahead as we redefine luxury together 💬

🌟 The power of personalization in Luxury 🌟 In today's fast-paced world, personalization has become the cornerstone of true luxury. More than ever, consumers seek brands that not only understand their desires but anticipate them. The essence of luxury lies in those personalized touches whether it's a bespoke product, a tailored experience, or a brand that speaks directly to the heart of its customers. In an age where technology drives so much of our interaction, the challenge for luxury brands is to maintain that human touch, that sense of exclusivity and individual care. It's more than offering a high-quality product; it's about creating an experience that feels uniquely crafted for each person. As we navigate this blend of tradition and innovation, it’s clear that the future of luxury will continue to evolve around the art of personalization. ✨Brands that master this will not just survive they’ll thrive.✨ #Luxury #Personalization #BrandExperience #LuxuryMarketing #CustomerExperience

Luxury’s growth stutters as 50 million consumers pull back on spending. The global personal luxury goods market is set to shrink slightly in 2024 as price increases collide with consumer uncertainty. Read More: https://lnkd.in/gcR2S9pf #LuxuryConnect #LuxuryCruxx #LuxuryGrowth #LuxuryMarketTrends #ConsumerBehavior #LuxuryRecalibration #LuxuryExperiences #SustainableLuxury #LuxuryChallenges

Inflation significantly impacts the luxury sector, compelling brands to innovate in pricing and marketing strategies. Luxury firms, facing price increases and changing consumer behaviors, focus on exclusivity through personalization and limited editions. Despite inflation, spending on luxury items continues to grow driven by wealthy consumers, particularly in emerging markets. - https://lnkd.in/drNbz3qi

Inflation significantly impacts the luxury sector, compelling brands to innovate in pricing and marketing strategies. Luxury firms, facing price increases and changing consumer behaviors, focus on exclusivity through personalization and limited editions. Despite inflation, spending on luxury items continues to grow driven by wealthy consumers, particularly in emerging markets. - https://lnkd.in/drNbz3qi