So together with its role as a status object, consumers seem to gravitate towards leather based on a nostalgia for a simpler time. McGill thinks the catalyst for change will come from the top of the luxury market and work its way down. "Alcantara is a …

China's luxury consumers are known for being price conscious, considering the fact that they get roughly two thirds of their goods outside the mainland thanks to its significantly higher luxury prices. With the swelling of China's middle class and …

Chinese consumers became the world's largest consumer group of luxury goods and they spent RMB306 billion in the world, most of which was done in Hong Kong, Macao and other countries / regions, while only 39.28% in Mainland China. In 2012, as …

The Shullman Research Center, a luxury-focused consulting organisation, surveyed 1,250 online US consumers across different income levels for its report, Social Networking Among Luxury Purchasers, and found that 88% of those planning to make a luxury …

Volkswagen AG (VOW) plans to bring back the Phaeton luxury sedan to the U.S. as the carmaker looks to reignite flagging growth in one of the few markets it has been unable to crack. The Phaeton, the brand's most expensive model, could be shown to U.S …

This little charade is necessary because Tesla believes that direct contact with consumers is vital in selling a radically new product, and because Virginia is one of a handful of states that require automakers to sell through independent dealers …

With Wesfarmers' Coles hurting Woolworths fabulously profitable supermarkets by getting its act together and becoming more aggressive, Woolworths wants to hurt Wesfarmers' fabulously profitable Bunnings with the very attractive (to consumers) Masters …

… and deliver a meaningful customer experience. Despite the risks associated with product authenticity and quality, luxury consumers are still motivated to shop online due to larger selection, greater product availability and ability to compare prices.

… with not one molecule of Australian content," Mr Whetstone said. The two MPs said they planned to file complaints with the Australian Competition and Consumer Commission and SA Consumer Affairs arguing that the packaging would lead consumers to …