FEATURED Luxury Daily: US versus China: The affluent consumer’s mindset post COVID-19

When it comes to luxury consumption, no other countries are as important as the two major wealth and luxury powerhouses: China and United States. Being vital for the luxury sector, it is essential to understand what drives affluent consumers in both countries and how they have been affected by the

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FEATURED Luxury Daily: Affluents in Asia looking to reward themselves post-COVID: Agility

As the luxury industry looks to recover from the coronavirus pandemic, it will rely on Asian markets beyond mainland China. In a keynote presentation at the Future of Luxury eConference, a director from Agility Research & Strategy spoke about the attitudes of Asian affluents as they enter a post-COVID era

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FEATURED Robb Report: Everything you need to know about the affluent’s changing consumer habits, post-pandemic

Agility Research & Strategy is showing the world how fluent it is with the affluent In the midst of an unpredictable pandemic, consultancies such as Agility Research & Strategy are growing in importance, especially when it comes to understanding the Asian market. Agility Research is a one-stop service for luxury brands that are looking

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FEATURED Luxury Daily: What China’s Affluent Consumers Want Post-COVID-19

Research and consulting firm Agility Research & Strategy just released its second Wave Of The TrendLens consumer study, which is a follow-up to the initial series of interviews it conducted in late-January/early-February of 2020 at the beginning of the COVID-19 pandemic. For the study, Agility interviewed 1,040 affluent and HNWI individuals in

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FEATURED Luxury Daily: How can countries lure affluent Hong Kong residents?

As political instability is increasing in Hong Kong because of China’s recent crackdowns, many affluent consumers in the region are looking for a more stable environment to live, leaving countries and real estate sellers trying to lure these desirable residents. More than 29,000 people left the Chinese territory last year,

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FEATURED Jing Daily: Luxury Market Recoveries: South Korea Versus China

China and South Korea are the two countries that recovered from COVID-19 the fastest, but their luxury market rebounds look quite different. Even though South Korea’s market and appetite for luxury are both smaller than China’s, understanding the similarities and unique differences between them can help brands with their regional post-COVID-19 merchandising

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FEATURED Luxury Daily: Luxury brands must deliver purpose in post-pandemic world

A strong sense of purpose is at the root of being a luxury brand, and now more than ever consumers are looking to luxury brands to inspire hope and direction in establishing a new normal post-pandemic. Consumers today are evaluating their priorities, according to an Agility Research & Strategy webinar

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FEATURED Bloomberg: The Virus Has Trapped $111 Billion of Luxury Spending in China

Jeff Meng, a 25-year-old watch lover from a well-heeled Guangdong family, had 160,000 yuan ($22,800) burning a hole in his pocket. He could not find the Rolex Daytona watch he wanted, dubbed “panda” for its black-and-white face, anywhere in China. Thanks to the coronavirus pandemic that’s halted travel and disrupted

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FEATURED Luxury Society: How Affluent Korean Customers Helped Save Their Luxury Market

Despite an early outbreak of Coronavirus, South Korea’s luxury market showed more resiliency compared to other countries, with major department stores Lotte, Shinsegae and Hyundai seeing an increase in sales of between 15 percent and 17 percent, versus last year. Korean cultural “soft power” has been growing for more than

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FEATURED Luxury Daily: South Korea is bright spot for luxury in 2020

The luxury market is not feeling the same COVID-19-related pressure in South Korea as it has in other regions of the globe. In fact, during the early virus outbreak in January and February 2020, when China was shutting down, the top three local department stores in Seoul had a surplus

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