Newly published market report: Global Luxury Retailing

2009-11-05 18:03:12 - Recently published research from Verdict Research, "Global Luxury Retailing", is now available at Fast Market Research

This new report provides unique data on the value of consumer expenditure on luxury products globally, by region and by four product sectors for 2003-2008. This is complemented by 2009 forecasts, comprehensive advice on how luxury retailers should negotiate the downturn, a new series of profiles on smaller luxury players and a detailed analysis of regional sales trends.

Scope

* Proprietary

2003-2008 market value data with a detailed analysis of regional sales for Europe, America, Japan, Asia Pacific and the Middle East.
* Global consumer expenditure on luxury, high-end non-food goods comprising clothing, accessories, jewellery, watches, fragrance and cosmetics.
* Comprehensive profiles of Bulgari, Burberry, Christian Dior, Giorgio Armani, Gucci Group, Hermès, LVMH, Polo Ralph Lauren, Richemont and Valentino.
* Five year trading records of each competitor, including growth rates and operating margins, with Verdict's outlook on each business.

Highlights

Dramatic repercussions from the financial crisis are impacting the real economy and the luxury sector is certainly not immune. Judging by trading updates for Q4 2008 and Q1 2009 demand for certain segments of the luxury goods sector has fallen off a cliff. Luxury retailers are currently facing the toughest market conditions for two decades.

We believe that there will be no significant recovery in the foreseeable future either, with the latter half of 2010 perhaps offering some relief. Generally speaking, an era of consumer frugality has set in and has left its mark on the luxury sector, in sales terms luxury has clearly lost some of its lustre.

Arguably this is the worst environment in decades and forces retailers to innovate. And there are still some growth opportunities open to retailers. Luxury goods retailers should focus on quality, introduce sub brands in a careful manner, try out new routes to market, such as the internet or shopping centres, and cut costs.

Reasons to Purchase

* Assess market potential and threats by accessing sector size data and seeing how consumers and retailers have reacted to recent economic turbulence.
* Use comprehensive company profiles on business models and financial and operational performance measures to benchmark your company's performance.
* Identify opportunities for cost cutting initiatives that will positively impact sales without hurting the unique luxury brand and proposition.

For more information or to purchase this report, go to www.fastmr.com/catalog/product.aspx?productid=33573

About Verdict Group

With over 20 years' experience, Verdict Research is the UK’s leading authority on retailing, and publishes unrivalled independent analysis. Verdict reports, forecasts, briefings, consumer research and bespoke consulting services provide clients with a complete picture of the UK and international retail arena, helping retailers, manufacturers, service suppliers, city analysts and consultants to fully exploit opportunities within the sector. View more research from Verdict Research at www.fastmr.com/catalog/publishers.aspx?pubid=1005

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.