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Although sustainability as a concept incorporates multiple facets, it predominantly translates into concerns about environment and more specifically climate change, according to our latest TrendLens™ 2022 study of global affluent consumers. The pandemic has accelerated (and increased) awareness of purpose driven consumption, as can be noted from the attitude and adoption of sustainable lifestyles of affluent and HNW […]

By SARAH RAMIREZ – Copyright: Luxury Daily Global millionaires are primed to increase their spending on travel, focusing on wellness and purpose-driven trips. According to new findings from Agility Research & Strategy, most millionaires are increasingly optimistic about their economic outlooks. As a result, they are likely to devote more of their wallet share to luxury and travel. […]

Source – Courtesy of South China Morning Post – Full article here Chinese consumers splurge on luxury goods as ‘Covid hasn’t changed the lifestyle of the rich’ > Domestic purchases of luxury goods in 2021 in China was valued at US$74 billion, having totalled US$120 billion in 2019 for both domestic and international sales > […]

Source – Courtesy of South China Morning Post – Full article here Chinese consumers splurge on luxury goods as ‘Covid hasn’t changed the lifestyle of the rich’ > Domestic purchases of luxury goods in 2021 in China was valued at US$74 billion, having totalled US$120 billion in 2019 for both domestic and international sales > […]

Italian fashion house Gucci and French fashion label Christian Dior are among the top luxury fashion and beauty brands in the United States, according to new data from Agility Research & Strategy. Agility’s Luxury Brand Affinity ranking (ALBA) tracks the performance of more than 80 brands using key performance and perception metrics, including prominence, proof, strength […]

Italian fashion house Gucci and French fashion label Christian Dior are among the top luxury fashion and beauty brands in the United States, according to new data from Agility Research & Strategy. Agility’s Luxury Brand Affinity ranking (ALBA) tracks the performance of more than 80 brands using key performance and perception metrics, including prominence, proof, strength […]

Agility Research & Strategy is Luxury Daily’s 2021 Luxury Market Researcher of the Year for its thorough examination and exploration of how luxury brands continue adapting in Asia in response to the COVID-19 pandemic. When both brands and consumers feel uncertain about the future, Agility’s research has been beneficial in anticipating and understanding affluents’ attitudes and priorities […]

INDIA LUXURY MARKET POISED FOR GROWTH India has been for many years touted as the next luxury market luxury brands should focus on. Although eclipsed by the might of the Chinese luxury sector, India has not disappointed brands that have spent time building loyalty in this hugely potential market. With the robust pace of vaccinations and a better-than-expected manufacturing performance, India […]