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We put data at the heart of your decision making processes.
We put data at the heart of your decision making processes.
All your data, one-stop service
News & reports from 2000+ sources
Including live currency exchange and tax
Understand market & consumer trends
Monitor 500k stores worldwide in real-time
Monitor all new products, communication and distribution activations
Diverse industry expertise
International Team
In the latest Luxurynsight x Fashion Network podcast, Pierre-Arnaud Grenade, the Global CEO of Ba&Sh, sits down with Olivier Guyot, editor-in-chief of Fashion Network, to discuss the brand’s remarkable journey towards sustainability, marked by its B Corp certification, and its strategies for international expansion.
Our CEO, Jonathan Siboni, was recently featured in WWD’s latest article! Here are some key takeaways: - Luxury malls in China are turning to deep discounting strategies to boost short-term sales, though this could risk brand dilution and discourage full-price purchases. - As competition heats up, particularly from new market entrants, malls face growing pressure to innovate in the face of declining sales and potential rent reductions. - The rise of the secondhand market and cross-border price competition highlight the increasing price sensitivity among Chinese consumers, pushing brands to rethink their strategies to stay competitive. Read the full article on WWD. A special thanks to journalist Denni Hu for the mention!
Chinese consumers are increasingly turning to Japan for luxury goods due to substantial savings on items such as Chanel, Louis Vuitton, Miu Miu, and Van Cleef & Arpels. Through tax refunds and favorable currency exchange rates, shoppers can save up to 25%, making Japan an attractive destination for luxury purchases compared to Mainland China. Specific examples include a Chanel Classic Flap costing 10,640 renminbi ($1,472) less in Japan, and a Van Cleef & Arpels Alhambra bracelet being 10,303 renminbi ($1,426) cheaper. Thank you, Edward Helmore and The Guardian for featuring Luxurynsight's CEO in the article!
As the #Paris2024Olympics approach, luxury brands in Paris are gearing up for an influx of global visitors. Our Luxurynsight Brandwatch data indicates a 20% increase in luxury retail activity in France anticipated for early 2024.
In the latest Luxurynsight x Fashion Network podcast, Mélanie Carron, the Managing Director of Ladurée, sits down with Olivier Guyot, the editor-in-chief of Fashion Network, to discuss the iconic patisserie maison’s strategies for showcasing their expertise at the Paris Olympics 2024 and expanding their global footprint.
Luxury goods in China face up to 50% discounts as economic challenges drive middle-class consumers to reduce spending on big-ticket items. The discounts in the country are offered primarily by aspirational brands.
Japan has emerged as a premier destination for luxury tourism, driven by a weakened yen, making it highly attractive in the Asia-Pacific region, particularly for Chinese visitors. According to Luxurynsight, "tax-free prices in Japan compared to those in China dropped from -18% in June 2023 to -24% a year later, with prices for some brands plummeting by -27%. Japan is now even more attractive than France in terms of pricing."
In the latest Luxurynsight x Fashion Network podcast, Charif Debs (CEO, Gemmyo) sits down with Olivier Guyot, the editor-in-chief of Fashion Network to discuss his brand’s success story and strategies for navigating through today’s market to build a successful high-end jewelry brand.
The piece offers a deep dive into the luxury brand's performance, revealing a 34% year-on-year drop in operating profit. It further compares Burberry's -4% sales growth to competitors like Hermès (+16%) and Chanel (+15%), and explores the brand's regional performance with a further analysis of strategies for the future.
Chinese consumers are increasingly gravitating towards Japan for exceptional bargains on luxury goods. According to Luxurynsight, Chinese shoppers can save up to 25% through tax refunds when buying in Japan. For example, a Chanel Classic Flap is 10,640 renminbi, or $1,472, cheaper in Japan compared to the Mainland market; a Louis Vuitton carryall is around 4,900 renminbi, or $678, cheaper; the Miu Miu Aventura handbag, similar to The Row Margaux, can be bought at 9,204 renminbi, or $1,273, less, and a Van Cleef & Arpels Alhambra bracelet is 10,303 renminbi, or $1,426, less.
Introducing our latest collaborative endeavor with Future+: Our newest report delves deep into the transformative power of emerging technologies, particularly Web3, across the creative and luxury sectors. From leveraging digital assets in luxury markets to adopting sustainable business models driven by blockchain technology, we explore the full spectrum of innovation.
In an article by Wang Mingjie for China Daily, the intricate relationship between Chinese consumers and prestigious brands like Louis Vuitton and Dior are explored, shedding light on the driving forces behind this remarkable trend.