Rich Chinese tourists are flocking to Japan in search of luxury bargains
Burberry reported its Q1 fiscal 2025 earnings results on Monday, and things aren’t looking good for the British luxury retailer. The Asia Pacific area took a strong hit of 23%, with sales in Mainland China dropping by 21%. The one country to escape the dip was Japan, where sales grew 6%. But it isn’t wealthy Japan
AGILITY RESEARCH & STRATEGY STUDY REVEALS GLOBAL MILLIONAIRE INSIGHTS INCLUDING LUXURY PURCHASES DRIVEN BY SUSTAINABILITY
APRIL 2023: As consumers become increasingly aware of their environmental impact, world leading data and insights company, Agility, Research & Strategy, has shed light on the fact that this growing consciousness towards sustainability is reflected among high net worth individuals (HNWIs). The Global Millionaire
This is why one third of millionaires plan to increase annual beauty spend
UK retail sales look set to soar this year as high net worth individuals (HNWIs) plan to increase their spend on beauty products, according to a report by Agility Research and Strategy. The report stated that 34% of UK HNWIs are shifting towards spending more on beauty products than on luxury goods such as clothing, […]
Stat: One in five UK millionaires find luxury inspiration on TikTok
UK – The Global Millionaires 2023 TrendLens report released by data and insights firm Agility Research & Strategy confirms the growing impact of TikTok on high-net-worth individuals. Some 21% of the UK’s millionaires cite the short-form video platform as a source of luxury purchase inspiration. In Germa
From London to Paris: Where are all the Chinese tourists this summer?
Although Chinese arrivals to Europe have not recovered to pre-pandemic levels, those who are traveling are splurging more and venturing off the beaten path. China’s long-awaited reopening following the Covid-19 pandemic has raised a puzzling question: Where are the crowds of Chinese tourists in Europe? While data reveals a c
Why China could become the luxury industry’s next sore spot
Shoppers walk past luxury stores at Tsim Sha Tsui district in Hong Kong, China February 15, 2023. REUTERS/Lam Yik/File Photo Purchase Licensing Rights SHANGHAI/PARIS, July 19 (Reuters) – The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest Chinese economic figures a
