In an increasingly uncertain world, many experts and analysts have predicted a decrease in sales of luxury goods and services as consumers are becoming warier of their future and prefer to keep their money instead of spending it. This reality has worried brands across the globe, with some meeting their
Luxury Daily’s Luxury Women to Watch 2017 list honors smart women executives who are set to make a difference in the luxury business, particularly in marketing, retail, media and digital in 2017. As with their predecessors in years past, this roster of honorees shares the same qualities: dedication to craft,
“People still come to buy,” but they want “more affordable items.” To ring in the Chinese New Year, Cathy Zhang is opening her wallet. A white-collar worker from eastern China’s Jiangsu province, the 33-year-old traveled to Hong Kong before the holiday. On a recent weekday afternoon, she navigated the crowds,
Affluent Asian consumers are becoming more health conscious and brands are stepping up to meet their needs. After a tumultuous 2016 filled with unexpected twists and turns across global economics and politics which impacted the luxury market, 2017 is finally here. A new year brings new challenges and new opportunities.
File photo of a luxury retail store in a shopping mall along Orchard Road in Singapore. (Photo: AFP/Roslan Rahman) SINGAPORE: When it comes to making luxury purchases, Singaporeans are no longer drawn as much to the prestige and status that come with high-end brands. Instead, product performance and aesthetics are
While North America has traditionally given the most revenue for luxury brands, China now takes 30% of the global luxury market, which means it has become a huge source of revenue. With the growing affluence of the Chinese in 2017, it becomes more apparent that luxury brands need to
Amrita Banta, MD, was a featured speaker at the 2016 New York Times International Luxury Travel Conference taking place at the Grand Hyatt in Singapore where she brought findings on Affluent Millennials and Singaporean Millionaires to life to a room full of the biggest names in the luxury travel and