Blog: Leonie BarrieA look at luxury

Leonie Barrie | 6 September 2006

How long is the luxury trend likely to be hot? What can luxury designers do to better capitalise on the trend and make the trend last longer? How is luxury apparel best merchandised? How can luxury designers create better market share? And what opportunities still exist in this market? These are just a few of the questions tackled in a new report from just-style that reviews the global market for luxury apparel and puts forward forecasts for the sector to 2012.

The report concludes that the luxury market is back and growing stronger than ever. This bright future includes growth of roughly 10-15% annually - compared to mass retail growth of around 5% - which will make the sector worth a staggering US$2.4 trillion by 2012.

Helping this growth will be a 7% rise in the number of global millionaires, greater disposable incomes, and a still-growing “baby-boomer” population. Even those not in the ultra-rich circles will try to have one or two signature high-end pieces in their wardrobes. All-in-all the report makes for unmissable reading. Click on the link below to get hold of a copy.

‘Global market review of luxury apparel: forecasts to 2012


BLOG

US border tax a contentious issue

Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...

BLOG

Primark's sustainable cotton programme takes shape

With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...

BLOG

Trump administration starts to shake up trade

Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...

BLOG

Likely shifts in the sourcing landscape in 2017

Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...

just-style homepage



Forgot your password?