Data - Page 4
Global fragrance launches plummet 35% in first quarter 2021
Global launches of new fragrances may be down 35% year-on-year for the first quarter of 2021 – to be expected as travel restrictions and lockdowns continue to weigh on retail – this is nonetheless an improvement on the more than 40% drop...
France’s 2020 prestige beauty sales decline by 20%
Online sales of prestige beauty in France may have seen strong growth last year, but they failed to compensate for the decline in brick-and-mortar in 2020, according to new data from The NPD Group.Impacted by lockdowns, subsequent store...
Deloitte: “The pandemic is an accelerator for brands to adopt new paradigms of value creation”
There’s nothing like a crisis to accelerate change. The 2020 global pandemic looks in some ways to have changed the luxury-goods industry for the better, with the importance of adopting sustainable initiatives one of the key takeaways from...
China’s luxury market share almost doubles in 2020
The luxury-goods market in mainland China is forecast to grow 48% to almost $53.6bn in 2020 with leather goods and jewelry the most in-demand categories, according to a report from Bain & Company and Tmall. Boosted by an increase in domestic...
France’s premium fragrance sales fare better than selective beauty overall
The market may have seen sales of premium perfumes plummet between January and end October of 2020, but the category's online sales increased by 41% during the same period, says NPD data.While premium fragrance sales in France saw a...
Covid-19: a catalyst for change for luxury, says Bain & Company
Heavily impacted by the covid-19 crisis, the luxury goods industry will have seen a double-digit sales decline in 2020 with profitability hard hit, highlights a report from Bain & Company published this month. However, the market is set to...
Luxury takes off as China’s economy bounces back
China’s GDP grew 4.9% year-on-year in the third quarter as it continues to bounce back from the coronavirus pandemic, figures from the country’s National Bureau of Statistics show, yet recovery in retail consumption has been slower. The...
Glass half full for New World whiskies
Shaking up the segment and attracting new consumers, New World whisky is set for a bright future, according to a white paper from Distill Ventures*.New World whisky is defined as whisky that is either not produced in Scotland, Ireland,...
Fragrance leads UK prestige beauty recovery
Fragrance is at the forefront of the prestige beauty market’s recovery in the UK, according to new data from The NPD Group.While fragrance sales dropped -67% during lockdown (12 weeks from March 22 –June 13, 2020) compared to the same...
Asia-Pacific leads in retail’s post-covid digital transformation
The Covid-19 health crisis has seen retailers accelerate their digital transformation as they mine new technologies in response to novel consumption patterns. Nowhere is this shift more evident than in Asia-Pacific, which is at the forefront...
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