We lift the lid on all the juicy data and details in our brand-new ranking of the best luxury brands online. So if you’re wondering if and how the finest luxury brands in the world performed online, ponder no longer. These three trends reinforce the need for luxury brands to embrace digital in order to support their growth and remain relevant to new generations of affluent consumers. China was on track to drive 42.5% of global luxury sales by 2025, but the market’s growth is now in question.ģ85B global sales of personal luxury goods by 2025. Finally, the demand for luxury goods from Chinese consumers will define the industry’s performance in the coming years. Together, these two generations of affluent shoppers will account for 70% of all luxury sales by 2025. Millennials and Gen Z shoppers are the growth engine of the industry. Online will soon become the single most valuable sales channel for luxury brands, with 30% of global luxury sales expected to take place online by 2025. In a rapidly evolving global environment, the three macro trends that we identified for the future of luxury remain more important than ever. The question is: Which luxury brands will be the best at this balancing act between adapting to new luxury paradigms in an uncertain context while successfully preserving their brand identity? Amid global headwinds-economic, geopolitical, and monetary-luxury brands must remain agile, however. Luxury brands are still performing well, demonstrating once again the luxury market’s resilience. They are at the center of what matters to modern affluent consumers.
They each drive substantial online conversations across social media channels and search. Our ranking has, over the years, become an important and reliable indicator of future performances for the world’s best luxury brands.ģ0% of global luxury sales will take place online by 2025.Įvery luxury brand on our list is enjoying significant customer attention. This is the fifth consecutive year that Luxe Digital is publishing a list of the top luxury brands online ordered by popularity. Now maybe more than ever before, digital activations are lifesaving for many luxury brands-Even the most digitally averse brands are now embracing online channels to reach and engage with younger affluent consumers. The online popularity of the best luxury brands in the world is a dependable predictor of future sales.
0 kommentar(er)
