vaibhavi dolas’ Post

China's luxury market, driven by domestic spending, younger consumers, and sustainability, presents European brands with growth opportunities demanding tailored strategies and digital engagement. Here's how brands can capitalize: https://bit.ly/4bAi1go #ad #apacmarketing #luxurymarketing

China's luxury market is rebounding, but brands can't rely on traditional strategies alone. 📈 Learn how luxury brands can leverage digital products to: 🚀 Streamline internal operations and workflows 💻 Strengthen their online presence and engagement 🧑🎨 Offer personalized experiences that delight tech-savvy Chinese consumers Find out what can help you thrive in China's dynamic luxury landscape. #ChinaLuxury #DigitalInnovation #CustomerEngagement

As China's luxury market continues to evolve amidst economic shifts and changing consumer behaviours, understanding the complex dynamics of this vital sector has become increasingly crucial for global luxury brands. #InsideRetail #Retail #retailnews #luxury #consumer #behaviour

New work for The Future Laboratory: Australia’s luxury market is growing, with global brands scaling up and local labels making their mark in a competitive landscape. In this report, I cover the rise of new luxury precincts in cities like Perth, Western Australia as well as one of the most interesting developing trends: the increased investments brands are making in "localising" their identities to cater to Australian customers attitudes and tastes. Brands are doing this primarily via marketing. Whether or not brands engage in sustainable production practices is an increasingly important factor that is influencing consumer behaviour, and some high-end Australian-born brands are also positioning themselves as more "premium". Full report: https://lnkd.in/gcE_4H8E

Is china going to be the luxury powerhouse of the next decade? And did you know, #christiandior was the first #lvmh #luxury brand to enter the china market back in 1980's? China's rise as a global economic powerhouse has had a profound impact on various industries, and the luxury sector is no exception. Here are 7 ways China will continue to shape the future of luxury: 1. The Rise of the Chinese Consumer: • The New Luxury Consumer: A new generation of affluent Chinese consumers is emerging, with a sophisticated taste for luxury brands. • Digital Natives: These consumers are digitally savvy and heavily influenced by social media. • Experiences Over Possessions: They prioritize unique experiences, such as personalized shopping experiences and exclusive events. 2. The Power of Chinese Social Media: • Weibo and WeChat: These platforms are crucial for luxury brands to connect with Chinese consumers. • Influencer Marketing: Chinese influencers, known as KOLs (Key Opinion Leaders), can significantly impact sales. • Live Streaming: A popular trend, live streaming allows brands to engage with consumers in real-time. 3. The Belt and Road Initiative: • Expanding Market Access: This ambitious infrastructure project is opening up new markets for luxury brands. • Supply Chain Optimization: It's streamlining supply chains and reducing costs. 4. Domestic Luxury Consumption: • Shifting Preferences: Chinese consumers are increasingly opting for domestic luxury brands. • Government Support: The Chinese government is encouraging domestic luxury brands to compete globally. 5. Sustainability and Ethical Consumption: • Growing Awareness: Chinese consumers are becoming more conscious of sustainability and ethical practices. • Demand for Sustainable Luxury: Brands that prioritize sustainability will gain favor. 6. Innovation and Technology: • AI and AR: These technologies are revolutionizing the luxury shopping experience. • Personalized Experiences: AI-powered recommendations and virtual try-on experiences are enhancing customer engagement. 7. Geopolitical Factors: • Trade Tensions: Ongoing geopolitical tensions can impact luxury trade flows. • Supply Chain Disruptions: Global supply chain disruptions can affect the availability of luxury goods. What do you think about this? Share your opinions in the comments 👇 Follow Harsh Dhakar for more luxury business talks ✅ #ChinaLuxuryMarket #LuxuryBrands #LuxuryFashion #LuxuryLifestyle #Chineseconsumers #LuxuryRetail #LuxuryMarketing #LuxuryIndustry #LuxuryTrends #GlobalLuxury #LuxuryBrandManagement #LuxuryBusiness #LuxuryEcommerce #LuxuryDigitalMarketing #insidelvmhcertificate #insidelvmh

Should brands reconsider their approach as China’s $57 billion grey and second-hand luxury markets expand? As this Yahoo! Finance article mentions, platforms like DeWu offer significant discounts, appealing to price-sensitive consumers and transforming the market. Instead of distancing themselves from this trend, luxury brands could engage with the second-hand market by providing authentication services to protect brand integrity and maximize value. Adapting to this shift can build consumer trust and fuel long-term growth.

How is the global luxury market responding to shifting consumer preferences? 👜 Luxury spending in 2024 is projected to remain flat at €1.5 trillion as consumers prioritize experiences over products amidst economic uncertainty. This trend, coupled with a shrinking customer base and selective spending, signals an inflection point for brands. Key growth areas include experiential goods, small indulgences, and the secondhand market, while challenges persist in personal luxury goods. Emerging markets and digital transformation present opportunities for future growth. 👉 Dive into Bain & Company's latest report to explore how brands can realign their strategies to drive relevance and value: https://bit.ly/4ixFAuT #luxury #sales #retail #pricing

Luxury Market Faces Setback: 50 Million Consumers Priced Out Amid Rising Costs. Bain & Company, Altagamma, Claudia D'Arpizio #LuxuryMarket #ConsumerTrends #EconomicImpact #InflationEffects #LuxuryGoods #MarketAnalysis #ConsumerBehavior #EconomicChallenges #LuxuryIndustry #MarketShift

Fantastic article on the current trends in the Luxury Retail space within the Japan market, and it perfectly alligns with what we at Key Consulting have been hearing from some of our clients within that space. While there has been some slowdown in Q3 spending compared to Q1 and Q2, the Luxury Retail space in Japan is still full speed ahead. Japan seems to be one of the few, if not the only market globally where this is occuring. As stated in the article, one reason could be "a combination of wage increases and the strengthening of the yen is driving consumer spending confidence in Japan". It will be interesting to see what 2025 brings with it, and if the Yen makes a U-turn in terms of strength, what effects this will have on spending from shoppers abroad. What are your thoughts? https://lnkd.in/grabd4gU

The Chinese luxury market presents an immense potential and opportunity for European brands eyeing growth and expansion. China's significance in the global luxury market cannot be overstated. Bain & Company revealed that the country is responsible for nearly 35% of global luxury goods consumption. Luxury spending in China is also set to increase steadily, with the country accounting for 22-24% of luxury sales across the globe last year. Moreover, by 2030, the figure is expected to hit up to 40% of the world’s total. Unlock the full potential of your brand in Asia with AsiaCorp. Reach out to us at www.AsiaCorp.eu or at info@AsiaCorp.eu and find out more about how we specialize in guiding international consumer brands on their journey to expand across the diverse markets of Asia. #Asia #China #Luxurymarket #Opportunity #AsiaCorp https://lnkd.in/dDbnQnXx