NEW YORK (MainStreet) — The number of luxury consumers worldwide has more than tripled in the past 20 years, and will continue its relentless growth for years to come thanks to an increasing number of wealthy shoppers in emerging markets. About 10 …
Emerging market consumers focus more on: the scale and reassurance of big brands; projection of status and adherence to tradition that characterize hierarchical societies; and "do good," rather than "feel good," benefits. Across the developing world …
While the stock market saw a boost thanks to overall sales growth, the luxury market saw a distinct shift toward more consumer-oriented goods as the government's anti-corruption campaign continues. According to China's Ministry of Commerce, retail …
“It's not only affecting consumers. We've had some disruptions in production and rail service.” Nissan's U.S. growth of 14 percent this year through February contrasts with declines of 5.7 percent for Toyota and 4.8 percent for Honda, which both …
GM, Ford and BMW are the biggest customers of Lear, representing 54% of the company's sales last year.Higher demand for these automakers is thus crucial for Lear, which is in turn dependent on current trends in the automotive market. One such trend …
For a number of years, Chinese consumers have been adapting to a more Western style of commerce, thanks to growing smartphone use and access to products via mobile Internet. The ability to purchase branded Western goods (particularly luxury items) …
These are all vehicles purchased for everyday use and family duty, and not sophisticated luxury models laden with electronic features or vehicles designed for extreme performance or heavy towing. Notably, all but the Taurus are Japanese models. And no …
The number of luxury consumers worldwide has more than tripled over the past 20 years, from approximately 90 million in 1995 to 330 million at the end of 2013. The statistics come from advisor firm Bain & Company, which are part of a 10,000 …
“You'd be hard-pushed today to find a more discerning consumer than the Chinese luxury consumer,” said Smith, explaining the need for sophisticated marketing techniques. “They're more affluent than ever before, they're younger than ever before, and …