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Pricey Singapore: Savvy shoppers go online

Pricey Singapore: Savvy shoppers go online | Luxury | Scoop.it
Cost conscious shoppers in Singapore, one of the world's most expensive cities, are increasingly shopping online to take advantage of lower prices.
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Poll: 90 Percent Of Traveling Chinese Luxury Shoppers Plan Purchases Before Trip

Poll: 90 Percent Of Traveling Chinese Luxury Shoppers Plan Purchases Before Trip | Luxury | Scoop.it
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Most Chinese luxury shoppers traveling abroad have done an extensive amount of research on what to purchase before the even left home, according to new data highlighting the vital importance of Chinese digital marketing for luxury brands.

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How The Hong Kong Protests Will Impact The Luxury Watch Industry

How The Hong Kong Protests Will Impact The Luxury Watch Industry | Luxury | Scoop.it
A precarious situation for makers of luxury goods.
Christophe's insight:

What exactly should the watch industry do? According to MarketWatch, even the US Consulate in Hong Kong hasn't taken a position on the issue of whether they support the Chinese government or the protesters in Hong Kong.

 
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Their trip to luxury - 30 Oct. 2014 - Events Details

Their trip to luxury - 30 Oct. 2014 - Events Details | Luxury | Scoop.it

Mainland Chinese travelers still represent great potential for international retailers but the environment is becoming more challenging and competitive.
 
60% of Chinese travelers have visited social media platforms and reviewed users’ recommendations on independent online platforms as the main source for their purchase plan.


Further insights will be developed:
 
- What is their luxury perception in 2014?
- In which country did they buy luxury items?
- Did they prepare their purchase?
- Where do they prefer to shop for luxury?
- Are they buying luxury online?


A better understanding of the Mainland Chinese luxury shopper is a critical asset for any organization targeting Asian markets and Chinese travelers.

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Meet the New Rich…in Myanmar

Meet the New Rich…in Myanmar | Luxury | Scoop.it
As the country opens up, a group of high-end wealthy are showing up—and showing off—amid decay and poverty.
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Mainland tourists less willing to spend in Hong Kong|Economy|News|WantChinaTimes.com

Mainland tourists less willing to spend in Hong Kong
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Mainland tourists less willing to spend in Hong Kong
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Asia is becoming one of the fastest-growing markets for men's skin care

Asia is becoming one of the fastest-growing markets for men's skin care | Luxury | Scoop.it
Asia is becoming one of the fastest-growing markets for men's skin care. The region accounts for $2.1 billion, or 64%, of the $3.3 billion spent globally on such items as skin creams, lotions and whiteners.
Christophe's insight:

Asia accounts for US$2.1 billion, or 64%, of the $3.3 billion Men's skin care market

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Serving China’s Global Luxury Consumer No Small Task

Serving China’s Global Luxury Consumer No Small Task | Luxury | Scoop.it
Christophe's insight:

Chinese shoppers accounted for over one-third of all luxury purchases in Western Europe, and only 5% of the Chinese population holds a passport. Exciting challenges and opportunities ahead!

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Traditional luxury markets benefit as China slows - FT.com

Traditional luxury markets benefit as China slows - FT.com | Luxury | Scoop.it
After five years of rapid growth driven by voracious Chinese demand, the luxury industry is experiencing a cold blast of reality. “The bad news is that easy growth on the back of opening stores in China is over for most luxury brands,” says Luca
Christophe's insight:

The focus is swinging back to developed countries where half of luxury’s total global sales are made to consumers in their traditional markets

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LVMH shows dedication to Chinese consumers with training program - Luxury Daily - Events/ causes

LVMH shows dedication to Chinese consumers with training program - Luxury Daily - Events/ causes | Luxury | Scoop.it
Christophe's insight:

“LVMH understands the role of the Chinese retail tourist and the impact they are having globally on high-end fashion and design”

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Luxury Brands Are Stupid to Snub the Internet - Businessweek

Luxury Brands Are Stupid to Snub the Internet - Businessweek | Luxury | Scoop.it
Read the latest international business, technology and global economy news.
Christophe's insight:
Will luxury brands eventually all sell online?
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Hermès, Holding Steady in Luxury Market, Posts Strong Growth for 2013

Hermès, Holding Steady in Luxury Market, Posts Strong Growth for 2013 | Luxury | Scoop.it
The French luxury group has weathered a crackdown on ostentatious spending in China, where customers are coming to prefer its less flashy designs.
Christophe's insight:

Hermès reported double-digit sales growth in both the Americas and Asia, led by demand for its leather goods and, increasingly, ready-to-wear fashion and accessories

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Apple’s Not Quite Like a Real Luxury Brand Biz, Says Berenberg

Apple’s Not Quite Like a Real Luxury Brand Biz, Says Berenberg | Luxury | Scoop.it
Jean Beaubois with the Berenberg tech team today offers up a think piece about Apple (AAPL), whose business is sometimes compared to the luxury goods business. Beaubois, who is skeptical, does a comparison between Apple and a well-known luxury brand, Hermes International SCA (RMS), the french company that makes things such fancy scarves and handbags. Beaubois offers [...]
Christophe's insight:

Indeed Apple is nowhere near commanding the price premium of a luxury brand; very interesting comparison and perspective

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Here Comes Apple's Watch. Should Watchmakers Be Worried?

Here Comes Apple's Watch. Should Watchmakers Be Worried? | Luxury | Scoop.it
The Apple Watch will need more than a gold case or crocodile strap to compete against the wares of high-end watchmakers
Christophe's insight:

Indeed it's been a very long time we can get accurate time from smartphone and other devices, the battle (if any) is not about the aps or any other functionality.

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The Chosun Ilbo (English Edition): Daily News from Korea - Koreans Still Addicted to Global Luxury Labels

The Chosun Ilbo (English Edition): Daily News from Korea - Koreans Still Addicted to Global Luxury Labels | Luxury | Scoop.it
Digital Chosun Ilbo
Christophe's insight:

Well-off Koreans have failed to beat their addiction to global bling despite the recession, with Louis Vuitton handbags and Tag Heuer watches still high on the list of must-have accessories.

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4 Things You Must Know About Chinese Luxury Shoppers

4 Things You Must Know About Chinese Luxury Shoppers | Luxury | Scoop.it
As luxury brands grapple with the rapidly changing Chinese luxury consumers any insight into the shopping habits and awareness of this group provides an edge.

Results from a new Nielsens Mainland Chinese Luxury Shopper survey reveal the significant role of social media influence travel retail
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Inside Hermès: Luxury's Secret Empire

Inside Hermès: Luxury's Secret Empire | Luxury | Scoop.it
Quietly and diligently, the family behind Hermès has become one of the world's richest, to the tune of more than $25 billion. They've done it not only by selling beautiful luxury items but also by selling aura as beautifully as any company on the planet.
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Investors trim Macau bets as money curbs dim growth prospects | Reuters

HONG KONG, June 4 (Reuters) - Global investors are paringtheir bets on stocks geared to Macau, the world's casinocapital, after a raft of regulatory curbs sparked concerns aboutslowing revenue growth
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Alibaba Is Going After The French Luxury Market

Alibaba Is Going After The French Luxury Market | Luxury | Scoop.it
Chinese company Alibaba strikes a deal with the French government
Christophe's insight:

Alibaba is now working on the luxury market. #disruption

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Less Is More as Vuitton Stays Atop Luxury List in Brands Ranking - Businessweek

Less Is More as Vuitton Stays Atop Luxury List in Brands Ranking - Businessweek | Luxury | Scoop.it
The value of the top 10 luxury-goods brands surged 16 percent to $111 billion
Christophe's insight:
The value of the top 10 luxury-goods brands surged 16 percent to $111 billion
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Downtown Duty Free Shops Picked as Most Favored Shopping Place for Chinese Tourists | Korea IT Times

Downtown Duty Free Shops Picked as Most Favored Shopping Place for Chinese Tourists | Korea IT Times | Luxury | Scoop.it
Christophe's insight:

"76.7 percent (multiple selection permitted) of the Chinese answered they preferred downtown duty free shops."

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Hermes holds first sale in China as frugality drive bites|Companies|Business|WantChinaTimes.com

Hermes holds first sale in China as frugality drive bites|Companies|Business|WantChinaTimes.com | Luxury | Scoop.it
Hermes holds first sale in China as frugality drive bites
Christophe's insight:
Hermes holds first sale in China as frugality drive bites
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5 Must-Know Facts About China's Luxury eCommerce Shoppers - Luxury Society - Prime Listings

5 Must-Know Facts About China's Luxury eCommerce Shoppers - Luxury Society - Prime Listings | Luxury | Scoop.it
Liz Flora of Jing Daily shares five key highlights from KPMG's recent investigation of 10,000+ Chinese luxury eCommerce shoppers
Christophe's insight:

China's luxury eCommerce shoppers "Their Biggest Worry Is Still Fakes"

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Why South Korea holds the key to China's luxury market.

South Korean soap operas are helping international luxury brands reach consumers in China, where Korean style is all the rage.
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