Wang Jing was all smiles as she strolled out of a Cartier boutique in Singapore after blowing close to 5,000 US dollars on a watch and a ring. “It’s something I have always wanted, and besides, the economy isn’t looking too bad at the moment,” the Chinese tourist in her early 30s, in Singapore for [...]
Despite the economic crisis, 2009 ended better than it began for the French luxury goods sector, thanks largely to China’s growing taste for high-end products, encouraging thoughts of a better 2010. Following the trend set by other global luxury brands, Hermes and LVMH announced fourth quarter sales growth on Thursday and Friday, suggesting the worst [...]
A survey just released in China has lifted the lid on the nation’s obsession with luxury brands and identified just where consumers are spending their money. The 2009 21st Century Deluxe Report (www.21deluxereport.com — in Chinese only) says that China’s love affair with luxury shows no signs of abating. According to one Professor Lu Xiao [...]
Inside Lux TV launched today as the worldâ€™s first high definition TV and video portal aimed toward the luxury market. The HD video gallery is composeed of six major themes that include fashion, gadgets and travel. The luxury living channel has a sizeable selection of lifestyle films produced by brands that include Lamborghini, Dom Perignon [...]
New survey results show 66% of Luxury Interactive conference attendees have an e-commerce website in place. Which is 33% percent higher than the industry average according to Forrester Research. The survey mainly explored how luxury brands plan to take their integrated on- and offline marketing strategies several steps further.