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Published by: Unity Marketing Inc.
Published: Jun. 3, 2009 - 271 Pages
Table of Contents
- Introduction
- Unity Marketing's annual state of the luxury market report
- Luxury Tracking Survey Methodology
- Sample Demographics
- Income Demographics
- Figure 1: Income Demographics, 2006-2008
- Gender
- Age Distribution
- Figure 2: Age Distribution
- Generations
- Figure 3: Generations of Affluents
- Other Demographic Variables
- Chapter 1 ¨ About the Luxury Market
- Number of Households in Top 20 Percent
- Figure 4: Number of Households by Income, 2006-2007
- Demographics of the Top 20 Percent of Americans
- Figure 5: Household income by Age, 2006 & 2007
- Increasing Diversity in the Luxury Market
- Figure 6: Diversity of Luxury Market
- Financial Status of Affluents¡¯ Family of Origin
- Figure 7: Financial Status of Family of Origin
- New Luxury Market Paradigm ¡ª From Things to Experiences
- Experiences Provide the Greatest Luxury Satisfaction
- Figure 8: Source of Greatest Luxury Satisfactions
- Chapter 2 ¨C How Affluent Consumers Feel about the Economy and their Financial Status
- LCI Holds Steady At the End of 2008
- Figure 9: Luxury Consumption Index
- ¡úKey Finding: What Marketers Can Do Today to Plan for Tomorrow
- Luxury Consumers¡¯ Feelings of Financial Well-Being
- Figure 10: Financial Well Being
- Luxury Consumers and Reported Spending Trends
- Figure 11: Luxury Spending Trends Past Twelve Months
- Luxury Consumers and Their Spending Expectations
- Figure 12: Expected Spending on Luxury Next 12 Months
- Luxury Consumers¡¯ Confidence in Financial Health of the Country
- Figure 13: Overall Financial Health of Country
- Luxury Consumers Financial Prospects
- Figure 14: Financial Prospects Next Twelve Months
- Investments and Savings in the Current Quarter
- Figure 15: Trends in Saving and Investing Now Compared with Twelve Months Ago
- Investments and Savings in the Coming Year
- Figure 16: Trends in Saving and Investing in Coming Twelve Months
- Luxury Marketers: Take Action
- Ways Affluent Consumers Are Changing their Lifestyles
- Figure 17: Changes in Luxury Consumer Lifestyles
- Predictions for the Luxury Market in 2009 and Beyond
- Affluent Consumers Are Changing Their Behavior
- A New Personality Emerges in the Luxury Consumer Market
- Evolution from "Consuming Culture" to a "Caring, Sharing, Saving Culture"
- What's Next for Luxury Marketers?
- Luxury Marketers: Take Action
- Final Thoughts
- Chapter 3 ¨C About the Luxuries Affluent Consumers Purchase and How Much They Spend
- Total Luxury Purchase Incidence
- Figure 18: Overall Luxury Purchase Incidence (All Affluent Consumers), 2006-2008
- Luxury Marketers: Take Action
- Luxury Purchase Incidence
- Figure 19: Luxury Purchase Incidence, 2006-2008
- Luxury Consumers¡¯ Average Spending
- Figure 20: Average Spending on Luxury, 2007-2008
- Luxury Marketers: Take Action
- Figure 21: Trends in Spending and Purchase Incidence (2007-2008)
- Luxury Spending by Income Segments
- Figure 22: Luxury Spending by Income Segment, 2007-2008
- Luxury Spending by Age Segment
- Figure 23: Luxury Spending by Age ¨C 40 and Under and Over 40. 2007-2008
- Luxury Spending by Gender
- Figure 24: Luxury Spending by Gender, 2007-2008
- Luxury Spending by Segment Summary
- Figure 25: Luxury Spending by Segment Summary, 2007-2008
- Luxury Marketers: Take Action
- Last Luxury Purchase Bought on Sale or at a Discount
- Figure 26: Most Recent Luxury Purchase Bought on Sale or at a Discount (2006 & 2008)
- Luxury Marketers: Take Action
- Figure 27: Percentage of Discounted Purchase and Change in Average Amount Spent (2008)
- Overview Where Luxury Consumers Shopped
- Figure 28: Where People Shopped for Home and Personal Luxuries
- Luxury Shoppers¡¯ Favorite Luxury Department Stores and Mass/Discount Stores
- Figure 29: Store Brand Usage for Any Luxury Shopping, 2007-2008, including ultra-affluents
- Luxury Consumers¡¯ Favorite Magazines
- Figure 30: Luxury Consumers Favorite Magazines, 2006-2008
- Chapter 4 ¡ª Home Luxury Purchases Detail Findings
- Overall Home Luxury Purchase Incidence
- Figure 31: Home Purchase Incidence, 2006-2008
- Luxury Shoppers' Spending on Home Luxuries
- Figure 32: Home Luxury Spending, 2007-2008
- Luxury Marketers: Take Action
- Home Luxury Spending by Demographic Segments
- Figure 33: Total Home Luxury Spending 2008 by Demographic Segments
- Luxury Marketers: Take Action
- Most Popular Shopping Destinations for Home Luxury Consumers
- Affluents shopping for their home still favor the in-store experience
- Figure 34: Where Luxury Consumers Shopped for Home Luxuries
- Art & Antiques ¡ª Purchase Details
- Type of Art and Antiques Bought
- Figure 35: Type of Art Bought, 2006-2008
- Amount Spent on Art & Antiques
- Figure 36: Art & Antique Spending by Demographic Segment (2007-2008)
- Art & Antique: Estimated Spending by Product
- Figure 37: Estimated Spending on Luxury Art & Antique Products (2007-2008)
- Art Luxury Marketers: Take Action
- Where People Shopped for Luxury Art & Antiques
- Figure 38: Art & Antiques Shopping Choices 2006-2008
- Estimated Spending on Art & Antiques by Type of Store
- Figure 39: Estimated Spending on Luxury Art & Antiques by Type of Store (2007 & 2008)
- Art Luxury Marketers: Take Action
- Art & Antiques Brand Usage
- Figure 40: Sculpture & Art Glass Brand Usage, 2007-2008
- Key Influencers for Art & Antiques Purchases
- Figure 41: Art & Antique Key Influencers for Purchase
- Electronics & Photography Equipment ¡ª Purchase Details
- Type of Electronics Bought
- Figure 42: Type of Electronics Bought, 2006-2008
- Amount Spent on Luxury Electronics & Photography Equipment
- Figure 43: Electronics Spending by Demographic Segment, 2008-2008
- Electronics & Photography: Estimated Spending by Product
- Figure 44: Estimated Spending on Luxury Electronics & Photography Equipment Products (2007-2008)
- Electronic Luxury Marketers: Take Action
- Where People Shopped for Luxury Electronics & Photography Equipment
- Figure 45: Electronics & Photography Shopping Choices
- Estimated Spending on Electronics & Photography Equipment by Type of Store
- Figure 46: Estimated Spending on Luxury Electronics by Type of Store (2007-2008)
- Electronics & Photography Equipment Brand Usage
- Figure 47: Electronics & Photography Brand Purchase, 2007-2008
- Key Influencers for Electronics & Photography Purchases
- Figure 48: Electronic & Photography Key Influencers for Purchase
- Electronics Luxury Marketers: Take Action
- Home Decorating Fabrics, Window & Wall Coverings ¡ª Purchase Details
- Type of Home Decorating Fabrics, Window & Wall Coverings Bought
- Figure 49: Type of Home Decor Fabrics, Window & Wall Coverings Bought, 2006-2008
- Amount Spent on Home Decorating Fabrics, Window & Wall Coverings
- Figure 50: Spending Fabrics, Window, Wall Coverings by Demographic Segment 2007-2008
- Home D¨¦cor Fabrics, Window & Wall Coverings: Estimated Spending by Product
- Figure 51: Estimated Spending on Luxury Fabrics, Window & Wall Coverings (2007-2008)
- Fabric, Window Luxury Marketers: Take Action
- Where People Shopped for Luxury Home Decorating Fabrics, Window and Wall Coverings
- Figure 52: Home Decorating Fabrics, Windows & Wall Coverings Shopping Choices, 2006-2008
- Estimated Spending on Fabrics, Window & Wall Coverings by Type of Store
- Figure 53: Estimated Spending on Luxury Fabrics, Wall & Window Coverings by Type of Store (2007 & 2008)
- Fabric, Window Luxury Marketers: Take Action
- Key Influencers for Home Decorating Fabric, Window & Wall Coverings Purchases
- Figure 54: Home Decor Fabrics, Wall & Window Covering Key Influencers for Purchase
- Furniture, Lamps & Floor Coverings ¡ª Purchase Details
- Type of Furniture, Lamps & Floor Coverings Bought
- Figure 55: Type of Furniture, Lamps, Floor Coverings Bought, 2006-2008
- Amount Spent on Furniture, Lamps and Floor Coverings
- Figure 56: Furniture, Lamps and Floor Covering Spending by Demographic Segment 2007-2008
- Furniture, Lamps and Rugs: Estimated Spending by Product
- Figure 57: Estimated Spending on Luxury Furniture, Lamps and Floor Coverings Products (2007-2008) . 110
- Furniture, Lamp and Rug Luxury Marketers: Take Action
- Where People Shopped for Luxury Furniture, Lamps and Floor Coverings
- Figure 58: Furniture, Lamps, Floor Coverings Shopping Choices, 2006-2008
- Estimated Spending on Furniture, Lamps and Rugs by Type of Store
- Figure 59: Estimated Spending on Luxury Furniture, Maps and Rugs by Type of Store (2007-2008)
- Furniture, Lamp and Rug Luxury Marketers: Take Action
- Key Influencers for Furniture, Lamps, Floor Coverings & Rug Purchases
- Figure 60: Furniture, Lamps & Rug Key Influencers for Purchase
- Garden, Outdoor, Lawn & Patio Products ¡ª Purchase Details
- Type of Garden/Outdoor Bought
- Figure 61: Type of Garden/Outdoor Living Luxuries Bought
- Amount Spent on Garden
- Figure 62: Garden/Outdoor Spending by Demographic Segment 2007-2008
- Outdoor/Garden Luxury: Estimated Spending by Product
- Figure 63: Estimated Spending on Luxury Outdoor/Garden by Products (2007-2008)
- Outdoor Luxury Marketers: Take Action
- Where People Shopped for Luxury Garden, Outdoor, Lawn, & Patio Products
- Figure 39: Garden, Outdoor, Patio, Lawn Shopping Choices
- Estimated Spending on Outdoor/Garden by Type of Store
- Figure 64: Estimated Spending on Luxury Outdoor & Garden by Type of Store (2007-2008)
- Outdoor Luxury Marketers: Take Action
- Kitchenware, Cookware & Housewares ¡ª Purchase Detail
- Type of Kitchenware, Cookware & Housewares Bought
- Figure 65: Type of Kitchenware, Cookware, Housewares Bought, 2006-2008
- Amount Spent on Kitchenware, Cookware & Housewares
- Figure 66: Kitchenware, Housewares Spending by Demographic Segment, 2007-2008
- Kitchenware, Housewares: Estimated Spending by Product
- Figure 67: Estimated Spending on Luxury Kitchenware, Housewares by Product
- Kitchenware, Housewares Luxury Marketers: Take Action
- Where People Shopped for Luxury Kitchenware, Cookware, Housewares
- Figure 68: Kitchenware, Cookware, Housewares Shopping Choices, 2006-2008
- Estimated Spending on Kitchenware, Housewares by Type of Store
- Figure 69: Estimated Spending on Kitchenware, Housewares by Type of Store
- Kitchenware, Housewares Luxury Marketers: Take Action
- Key Influencers for Kitchenware, Cookware and Cooks¡¯ Tools Purchases
- Figure 70: Kitchenware, Cookware, Cooks Tools Key Influencers for Purchase
- Kitchen Appliances, Bath & Building Products ¡ª Purchase Details
- Type of Kitchen Appliances, Bath & Building Products Bought
- Figure 71: Type of Kitchen Appliances, Bath & Building Products Bought
- Amount Spent on Kitchen Appliances
- Figure 72: Kitchenware, Housewares Spending by Demographic Segment, 2007-2008
- Kitchen Appliances, Building & Bath: Estimated Spending by Product
- Figure 73: Estimated Spending on Luxury Kitchen Appliances, Bath and Building Products (2007-2008) 130
- Kitchen Appliance, Building and Bath Luxury Marketers: Take Action
- Where People Shopped for Luxury Kitchen Appliances, Bath and Building Products
- Figure 74: Kitchen Appliances, Bath & Building Products Shopping Choices
- Estimated Spending on Kitchen Appliances, Bath & Building Products by Type of Store
- Figure 75: Estimated Spending on Kitchen Appliances, Building and Bath Products by Type of Store
- Key Influencers for Kitchen Appliance, Bath and Building Products Purchases
- Figure 76: Kitchen Appliances, Bath & Building Products Key Influencers for Purchase
- Linens & Bedding Products ¡ª Purchase Details
- Type of Linens and Bedding Bought
- Figure 77: Types of Linens & Bedding Bought
- Amount Spent on Linens and Bedding
- Figure 78: Linens and Bedding Spending by Demographic Segment, 2007-2008
- Linens & Bedding: Estimated Spending by Product
- Figure 79: Estimated Spending on Luxury Linens & Beddings (2007-2008)
- Linens & Bedding Luxury Marketers: Take Action
- Where People Shopped for Luxury Linens & Bedding Products
- Figure 80: Linens & Bedding Shopping Choices
- Estimated Spending on Linens & Bedding by Type of Store
- Figure 81: Estimated Spending on Linens & Bedding by Type of Store (2007-2008)
- Linens & Bedding Luxury Marketers: Take Action
- Key Influencers for Linens & Bedding Purchases
- Figure 82: Linens & Bedding Key Influencers for Purchase
- Tabletop, Dinnerware, Flatware, Servingware ¡ª Purchase Details
- Type of Tabletop Purchased
- Figure 83: Type of Tabletop Purchased
- Details: Crystal & Glassware
- Figure 84: Type of Crystal and Glassware Purchased
- Details: Dinnerware
- Figure 85: Type of Dinnerware Purchased
- Details: Silverware
- Figure 86: Type of Silverware Purchased
- Amount Spent on Tabletop
- Figure 87: Tabletop Spending by Demographic Segment 2007-2008
- Tabletop: Estimated Spending by Product
- Figure 88: Estimated Spending on Luxury Tabletop Products (2007-2008)
- Tabletop Luxury Marketers: Take Action
- Where People Shopped for Luxury Tabletop Products
- Figure 89: Tabletop Shopping Choices
- Estimated Spending on Tabletop by Type of Store
- Figure 90: Estimated Spending on Tabletop by Type of Store (2007-2008)
- Tabletop Luxury Marketers: Take Action
- Tabletop Brand Usage
- Figure 91: Tabletop Brand Awareness & Usage
- Key Influencers for Tabletop Purchases
- Figure 92: Tabletop Key Influencers for Purchase
- Biggest Winners & Losers in the Home Luxury Market
- Figure 93: Top Ten Fastest Growing Products and Biggest Losers in Home Luxury 2008
- Chapter 5 ¡ª About Luxury Consumers' Attitudes toward Luxury
- Personalities of the Luxury Consumers
- The Extent of Luxury ¨C How Invested Are Luxury Consumers in their Luxury Lifestyles?
- Figure 170: The Extent of Luxury in Luxury Consumers' Lives -- the Good, Better, Best and the 'I just don't care all that much'
- Figure 171: Difference in Spending on Luxury based upon good, better, best attitudes
- Changing Personalities in the 'New Luxury' Market
- Figure 172: Attitudes about Luxury, 2007 & 2003 surveys
- Shifts in Attitudes about Luxury
- A New Luxury Consumer Personality Emerges ¡ª Temperate Pragmatist
- Figure 173: Personalities of Luxury, 2007 & 2003
- Figure 174: Attitudes about Luxury by Personality Segment, 2007
- Introducing the Five Luxury Consumer Personalities
- Luxury Personalities and Their Spending on Luxuries
- Figure 175: Average Spending on Luxury by Personality Types
- Personalities' feelings about their current financial status and future status
- Demographics that define the personalities
- Figure 176: Average Income by Personality
- Field Guide to the Five Luxury Personalities
- Figure 177: Field Guide to the Luxury Personalities
- Chapter 6 ¡ªLuxury Consumers' Charitable Giving
- Charitable Giving Tops $300 billion in 2007
- Figure 178: Giving Back in Past Year
- Demographics of Giving Back
- Level of Charitable Giving
- Figure 179: Charitable Donations by Demographic Segments
- Why They Give
- Figure 180: Factors that Influence Giving
- About the Charities that Benefit from Affluent Giving
- Figure 181: Causes that Affluents Donate to
- Figure 182: Top Named Charities
- Trends in Giving
- Figure 183: Trends in Charitable Giving, 2008 to 2009
- Emerging Trend in the Luxury Market ¡ª Transition from a 'consumer culture' to a 'caring and sharing' culture
- Figure 184: Importance of Company's Environmental Practices in Making Consumer Decisions
- Giving Back Is the 'New Black'
- New Luxury Is about a Lifestyle that Is Attainable and Accessible, Fun and Personally Gratifying
- Figure 185: Affluent Consumers' Attitude toward Luxury Indulgence
- Luxury Marketers Face an Increasingly Resistant Consumer
- Where They Get their Greatest Luxury Satisfaction ¨C What They Do, not What They Have
- Figure 186: Source of Consumers' Greatest Luxury Satisfaction
- Is a New Era of Post-Materialism Dawning in America?
- Luxury Marketers: Take Action
- Chapter 7: Luxury Consumer and the Loyalty Factor
- Luxury Consumers¡¯ Membership in Loyalty Programs
- Figure 187: Membership in Loyalty Programs, by age and by income
- Membership and It¡¯s Impact on Brand Choices
- Figure 188: How Strongly Loyalty Programs Influence Brand Choices
- Membership and Its Impact on Luxury Spending
- Case Studies of Effective Loyalty Programs
- Characteristics of Effective Loyalty Programs
- Chapter 8: Luxury Consumers & Their Use of the Internet
- Internet Is Growing in Importance in the Lives of Luxury Consumers
- Use of Social Networking Sites
- Figure 189: Visited Social Networking or Social Shopping Sites Past Three Months, by Age
- Use of Internet to Research Purchases
- Figure 190: Use of Magazines To Learn About Internet
- Role of Magazines in Introducing Affluents to Internet Websites
- Figure 191: Role of Magazines in Making Consumers Aware of New Websites
- Features that Attract Internet Visitors
- Figure 192: Factors that Drew Luxury Consumers to Particular Website in Past Three Months
- Use of the Internet to Support Luxury Purchases
- Figure 193: Use of the Internet to Support Purchases, by Product and Service
- How Spending on Luxury Is Linked with Internet Usage
- Figure 194: Average Amount Spent by Luxury Consumers by Product Category and Use of Internet
- Internet Applications Used
- Figure 195: Uses of Internet in Support of Luxury Goods Purchases
- Role of the Internet in Influencing Last Purchase
- Figure 196: Internet Rated Very Important in Influencing Last Purchase
- How Luxury Travelers Use the Internet
- Figure 197: Use of the Internet by Luxury Travel Purchasers
- Luxury Marketers: Take Action
- Trends in Internet Use and Spending
- Figure 198: Average Time Spent Online for Internet Shopping and Research Purchases, 3Q2007 & 3Q2005217
- Figure 199: Average Amount Spent on Internet Making Purchases, 3Q2007 & 3Q2005
- Internet Features Luxury Shoppers Value Most
- Figure 200: Features Luxury Shoppers Consider Very Important for Using the Internet for Shopping, 3Q2007 & 3Q2005
- Internet Features that Discourage Its Use
- Features that Are Very Important for a Luxury Website
- Figure 202: Features Very Important for a Luxury Website
- Luxury Consumers' Favorite Internet Websites
- Figure 203: Top Ten Luxury Consumers' Websites
- Chapter 9: Luxury Consumers & the Origin of Luxury Goods
- Which Countries Produce the Best Quality Luxury Goods¡-and the Worst
- Where Luxury Goods Are Manufactured Influences Luxury Consumers' Purchase Decision
- Figure 204: Importance of Place of Manufacture of Luxury Goods
- Countries Most Respected for Producing Better Quality Luxury Goods
- Figure 205: Countries that Produce Better Quality Luxury Goods, percentages and index
- Countries of Manufacture Where Quality Is Perceived as Lacking
- Figure 206: Countries Associated with Poorer Quality Luxury Goods, percentage and index
- Attitudes about Place of Manufacture
- Figure 207: Attitudes about Place of Manufacture
- Luxury Marketers: Take Action
- Some countries produce better quality luxury goods than others
- Chapter 10 ¡ª Luxury Consumers & Green Marketing
- Can You Be Green and Luxury? More Luxury Brands Are Trying to Find the Connection
- Luxury Consumers & their Green Awareness
- Figure 208: Green Issues Rated Very Important among Luxury Consumers
- Women take the lead in environmental awareness
- Luxury Marketers: Take Action
- Importance of Company's Environmental Practices in Making Consumer Decisions
- Figure 209: Importance of Company's Environmental Practices in Consumer Decisions (rated very/somewhat important)
- What Environmentally-Friendly Products They Own or Recently Purchased
- Figure 210: Green Products Recently Purchased or Owned by Luxury Consumers
- Luxury Marketers: Take Action
- Willingness to Pay More for Environmentally-Sound Goods
- Figure 211: Willingness to Pay 20 percent More for Environmentally-Friendly Products
- Luxury Marketers: Take Action
- Chapter 11: Luxury Consumers & Their Homes
- Figure 212: Home Changes Past 12 Months
- Home Changes Planned for Next Twelve Months
- Figure 213: Expected Home Projects, Next 12 Months
- Spending on Home Changes
- Figure 214: Spending on Home Changes Past Year
- Projected Spending on Redecorating, Remodeling, and Expansion
- Figure 215: Projected Spending on Redecorating, Remodeling, and Expansion
- Figure 216: Spending and Planned Spending on Home Projects by Income
- What Affluents Spent their Home Improvement Budgets On
- Figure 217: Which Room Redecorated, Remodeled, or Add-On in the Past Year
- Where Affluents Plan to Spend their Home Improvement Budgets Next Year
- Figure 218: Which Room to Redecorate, Remodel, or Add-On in the Next Year
- Specific Elements of Home Improvement Projects
- Figure 219: Elements of Home Improvement Projects
- Media Sources Used in Planning a Home Project
- Figure 220: Media Sources Used in Planning a Home Improvement Project
- Use of Home Decorators
- Figure 221: Use of Professional Interior Decorator or Designer
- Type of Interior Decorator/Designer Consulted
- Figure 222: Type of Interior Decorator/Designer Used
- Why Affluent Consumers Turned to an Interior Decorator for Advice
- Figure 223: Factors Influencing Consultation with Interior Decorator or Designer
- Luxury Marketers: Take Action
- Decorating Style of Primary Residence
- Figure 224: Decorating Style of Primary Residence
- About Shopping for Home
- Figure 225: About Shopping for Home
- Chapter 12: Luxury Consumers and the Current Economic Crisis
- How Luxury Consumers' Shopping Behavior Is Changing due to the Current Economic Crisis
- Figure 226: Changes Luxury Consumers Have Made in Past 12 Months
- Even Ultra-Affluents Are Making Changes
- Figure 227: Changes Ultra-Affluent Consumers Have Made in Past 12 Months
- Luxury Marketers: Take Action
- Impact of Economic Crisis on Affluents' Wealth
- Figure 228: Changes in Wealth Past 12 Months
- Figure 229: Response to Changes in the Stock Market
- Specific Challenges in Managing their Money
- Figure 230: Specific Challenges in Managing Money
- Strategies Used to Manage Money Better
- Figure 231: Strategies Used to Manage Their Money Better
- Satisfaction in How They Manage Their Money
- Figure 232: Level of Happiness with How Manage Money
- Luxury Marketers: Take Action
- Chapter 1¡ª Introduction
- Special Investigation: Luxury Consumers How the Recession Is Affecting Their Luxury Lifestyles
- Qualitative and quantitative research methodologies
- What the word "Luxury" means to affluents
- Luxury Marketers >> Take Action:
- Luxury is both material and experiential
- Luxury Marketers >> Take Action
- Role of luxury in the affluent's lifestyle
- Luxury Marketers >> Take Action:
- The recession has had wide spread negative impacts on affluent consumers' incomes and lifestyles
- Figure 1: How current recession impacted one's financial situation
- Figure 2: Changes to personal financial situation
- Impact of economic crisis on affluents' wealth
- Figure 3: Changes in Wealth Past 12 Months
- Affluents are being more careful about their spending
- Luxury Marketers >> Take Action:
- Status is out, anti-status is in
- Luxury Marketers >> Take Action
- Luxury brands have to deliver exceptional quality; they can't rest solely upon brand or reputation
- Luxury Marketers >> Take Action
- The Good-The Bad- The Ugly in the current recession
- Figure 4: Changes made in shopping due to recession
- Luxury Marketers >> Take Action:
- Luxury Marketers >> Take Action:
- Luxury Marketers >> Take Action:
- Luxury Marketers >> Take Action:
- Luxury Marketers >> Take Action:
- Luxury Marketers >> Take Action:
- Overview Attitude Statements
- Figure 5: Attitudes Statements Agreement
- Chapter 2 ¡ª Luxury Tracking Study Topline Findings
- LCI Experiences Strongest Rise Since Tracking began
- Figure 6: Luxury Consumption Index
- Luxury Consumers¡¯ Feelings of Financial Well-Being
- Figure 7: Feelings of Financial Well-Being
- Spending Trends on Luxury In Past Twelve Months
- Figure 8: Trends on Spending on Luxury in the Past Twelve Months
- Luxury Consumers' Future Spending Expectation
- Figure 9: Trends in Spending on Luxury in the Coming Twelve Months
- Confidence in Financial Health of Country
- Figure 10: Financial Health of the Country
- Financial Prospects in Next Twelve Months
- Figure 11: Financial Prospects Next Twelve Months
- Investments and Savings in the Current Quarter
- Figure 12: Trends in Saving and Investing Now Compared with Twelve Months Ago
- Investments and Savings in the Coming Year
- Figure 13: Trends in Saving and Investing in Coming Twelve Months
- Ways Affluent Consumers Are Changing their Lifestyles
- Figure 14: Changes in Luxury Consumer Lifestyles
- Total Luxury Purchase Incidence
- Figure 15: Overall Luxury Purchase Incidence (All Affluent Consumers)
- ¡ú Key Finding: Implications For Marketers on Purchase Incidence
- Luxury Purchase Incidence
- Figure 16: Luxury Purchase Incidence
- Luxury Consumers¡¯ Average Spending on Luxuries
- Figure 17: Average Spending on Luxuries
- Spending by Income Segment
- Figure 18: Luxury Spending by Income Segments (current quarter and same period year ago)
- Total Spending by Age Segments
- Figure 19: Total Spending on Luxury by Age Segments -- Young Affluents and Over 40 Year Olds (Current period and same period previous year)
- Total Luxury Spending by Gender
- Figure 20: Total Spending on Luxury by Gender (Current period and same period previous year)
- Trends in Spending by Key Demographic Segments
- Figure 21: Trends in Spending on Luxury by Demographic Segment (Age, Gender, Income)
- Where Luxury Consumers Shopped for Their Luxury Goods
- Home Luxury Goods
- Figure 22: Favorite Shopping Destinations for Home Luxury Goods Shoppers
- Personal Luxury Goods
- Figure 23: Favorite Shopping Destinations for Personal Luxury Goods Shoppers
- Luxury Shoppers¡¯ Favorite Department Stores
- Figure 24: Store Brand Usage for Any Luxury Shopping
- Chapter 3 ¡ª Home Luxury Purchase Detail
- Home Luxury Purchase Incidence
- Figure 25: Home Luxury Purchase Incidence
- Home Luxury Spending
- Figure 26: Home Luxury Spending
- Home Luxury Spending by Demographic Segments
- Figure 27: Total Home Luxury Spending by Demographic Segments
- Art & Antiques ¡ª Purchase Details
- Type of Art and Antiques Bought
- Figure 28: Type of Art Bought
- Amount Spent on Art & Antiques
- Figure 29: Art & Antique Spending by Demographic Segment
- Art & Antique: Estimated Spending by Product
- Figure 30: Estimated Spending on Luxury Art & Antique Products
- >>Art Luxury Marketers: Take Action
- Where People Shopped for Luxury Art & Antiques
- Figure 31: Art & Antiques Shopping Choices
- Estimated Spending on Art & Antiques by Type of Store
- Figure 32: Estimated Spending on Luxury Art & Antiques by Type of Store
- Home Electronics ¡ª Purchase Details
- Type of Home Electronics Bought
- Figure 33: Type of Electronics Bought
- Amount Spent on Luxury Home Electronics
- Figure 34: Electronics Spending by Demographic Segment
- Electronics & Photography: Estimated Spending by Product
- Figure 35: Estimated Spending on Luxury Electronics & Photography Equipment Products
- Where People Shopped for Luxury Home Electronics
- Figure 36: Electronics & Photography Shopping Choices
- Estimated Spending on Electronics & Photography Equipment by Type of Store
- Figure 37: Estimated Spending on Luxury Electronics by Type of Store
- Home and Personal Electronics Brand Usage
- Figure 38: Electronics & Photography Brand Purchase
- Home Decorating Fabrics, Window & Wall Coverings ¡ª Purchase Details
- Type of Home Decorating Fabrics, Window & Wall Coverings Bought
- Figure 39: Type of Home Decor Fabrics, Window & Wall Coverings Bought
- Amount Spent on Home Decorating Fabrics, Window & Wall Coverings
- Figure 40: Spending Fabrics, Window, Wall Coverings by Demographic Segment
- Home D¨¦cor Fabrics, Window & Wall Coverings: Estimated Spending by Product
- Figure 41: Estimated Spending on Luxury Fabrics, Window & Wall Coverings
- Where People Shopped for Luxury Home Decorating Fabrics, Window and Wall Coverings
- Figure 42: Home Decorating Fabrics, Windows & Wall Coverings Shopping Choices
- Estimated Spending on Fabrics, Window & Wall Coverings by Type of Store
- Figure 43: Estimated Spending on Luxury Fabrics, Wall & Window Coverings by Type of Store
- Furniture, Lamps & Floor Coverings ¡ª Purchase Details
- Type of Furniture, Lamps & Floor Coverings Bought
- Figure 44: Type of Furniture, Lamps, Floor Coverings Bought
- Amount Spent on Furniture, Lamps and Floor Coverings
- Figure 45: Furniture, Lamps and Floor Covering Spending by Demographic Segment
- Furniture, Lamps and Rugs: Estimated Spending by Product
- Figure 46: Estimated Spending on Luxury Furniture, Lamps and Floor Coverings Products
- Where People Shopped for Luxury Furniture, Lamps and Floor Coverings
- Figure 47: Furniture, Lamps, Floor Coverings Shopping Choices
- Estimated Spending on Furniture, Lamps and Rugs by Type of Store
- Figure 48: Estimated Spending on Luxury Furniture, Maps and Rugs by Type of Store
- Garden, Outdoor, Lawn & Patio Products ¡ª Purchase Details
- Type of Garden/Outdoor Bought
- Figure 49: Type of Garden/Outdoor Living Luxuries Bought
- Amount Spent on Garden
- Figure 50: Garden/Outdoor Spending by Demographic Segment
- Outdoor/Garden Luxury: Estimated Spending by Product
- Figure 51: Estimated Spending on Luxury Outdoor/Garden by Products
- >>Garden and Outdoor Luxury Marketers: Take Action
- Where People Shopped for Luxury Garden, Outdoor, Lawn, & Patio Products
- Figure 39: Garden, Outdoor, Patio, Lawn Shopping Choices
- Estimated Spending on Outdoor/Garden by Type of Store
- Figure 52: Estimated Spending on Luxury Outdoor & Garden by Type of Store
- Kitchenware, Cookware & Housewares ¡ª Purchase Detail
- Type of Kitchenware, Cookware & Housewares Bought
- Figure 53: Type of Kitchenware, Cookware, Housewares Bought
- Amount Spent on Kitchenware, Cookware & Housewares
- Figure 54: Kitchenware, Housewares Spending by Demographic Segment
- Kitchenware, Housewares: Estimated Spending by Product
- Figure 55: Estimated Spending on Luxury Kitchenware, Housewares by Product
- Where People Shopped for Luxury Kitchenware, Cookware, Housewares
- Figure 56: Kitchenware, Cookware, Housewares Shopping Choices
- Estimated Spending on Kitchenware, Housewares by Type of Store
- Figure 57: Estimated Spending on Kitchenware, Housewares by Type of Store
- Kitchen Appliances, Bath & Building Products ¡ª Purchase Details
- Type of Kitchen Appliances, Bath & Building Products Bought
- Figure 58 : Type of Kitchen Appliances, Bath & Building Products Bought
- Amount Spent on Kitchen Appliances
- Figure 59: Kitchenware, Housewares Spending by Demographic Segment
- Kitchen Appliances, Building & Bath: Estimated Spending by Product
- Figure 60: Estimated Spending on Luxury Kitchen Appliances, Bath and Building Products
- Where People Shopped for Luxury Kitchen Appliances, Bath and Building Products
- Figure 61: Kitchen Appliances, Bath & Building Products Shopping Choices
- Estimated Spending on Kitchen Appliances, Bath & Building Products by Type of Store
- Figure 62: Estimated Spending on Kitchen Appliances, Building and Bath Products by Type of Store
- Linens & Bedding Products ¡ª Purchase Details
- Type of Linens and Bedding Bought
- Figure 63: Types of Linens & Bedding Bought
- Amount Spent on Linens and Bedding
- Figure 64: Linens and Bedding Spending by Demographic Segment
- Linens & Bedding: Estimated Spending by Product
- Figure 65: Estimated Spending on Luxury Linens & Bedding Products
- Where People Shopped for Luxury Linens & Bedding Products
- Figure 66: Linens & Bedding Shopping Choices
- Estimated Spending on Linens & Bedding by Type of Store
- Figure 67: Estimated Spending on Linens & Bedding by Type of Store
- Tabletop, Dinnerware, Flatware, Servingware ¡ª Purchase Details
- Type of Tabletop Purchased
- Figure 68: Type of Tabletop Purchased
- Amount Spent on Tabletop
- Figure 69: Tabletop Spending by Demographic Segment
- Tabletop: Estimated Spending by Product
- Figure 70: Estimated Spending on Luxury Tabletop Products
- Where People Shopped for Luxury Tabletop Products
- Figure 71: Tabletop Shopping Choices
- Estimated Spending on Tabletop by Type of Store
- Figure 72: Estimated Spending on tabletop by Type of Store
- Tabletop Brand Usage
- Figure 73: Tabletop Brand Awareness & Usage
- Biggest Winners & Losers in the Home Luxury Market
- Figure 74: Top Ten Fastest Growing Products and Biggest Losers in Home Luxury (current quarter compared to previous quarter)
- Chapter 4 ¡ª Personal Luxury Purchases Detail
- Personal Luxury Purchase Incidence
- Figure 75: Personal Luxury Purchase Incidence
- Personal Luxuries Spending
- Figure 76: Personal Luxury Spending,
- Personal Luxury Spending by Demographic Segments
- Figure 77: Personal Luxury Spending by Demographic Spending
- Where Personal Luxuries Are Bought
- Figure 78: Where Luxury Consumers Shop for Personal Luxuries
- Automobiles & Recreational Vehicles - Purchase Details
- Amount Spent on Automobiles & Recreational Vehicles
- Figure 79: Automobile Spending by Demographic Segment
- >> Automobile Luxury Marketers: Take Action
- Type of Luxury Automobile Bought
- Figure 80: Type of Luxury Automobile
- Country of Origin
- Figure 81: Country of Origin
- Clothing & Apparel - Purchase Details
- Type of Clothing & Apparel Bought
- Figure 82: Type of Clothing & Apparel Bought
- Amount Spent on Clothing & Apparel
- Figure 83: Clothing and Apparel Spending by Demographic Segment
- Clothing & Apparel: Estimated Spending by Product
- Figure 84: Estimated Spending on Luxury Clothing & Apparel (2007-2008)
- Where People Shopped for Luxury Clothing & Apparel
- Figure 85: Clothing & Apparel Shopping Choices
- Estimated Spending on Clothing & Apparel by Type of Store
- Figure 86: Estimated Spending on Luxury Clothing & Apparel by Type of Store
- Clothing & Apparel Brand Usage
- Figure 87: Clothing & Apparel Brand Usage
- Fashion Accessories - Purchase Details
- Type of Fashion Accessories Bought
- Figure 88 : Type of Fashion Accessories Bought
- Amount Spent on Fashion Accessories
- Figure 89: Fashion Accessories Spending by Demographic Segment
- Fashion & Accessories: Estimated Spending by Product
- Figure 90: Estimated Spending on Luxury Fashion Accessories (2007-2008)
- Where People Shopped for Luxury Fashion Accessories
- Figure 59: Fashion Accessories Shopping Choices
- Estimated Spending on Fashion Accessories by Type of Store
- Figure 91: Estimated Spending on Fashion Accessories by Type of Store
- Luxury Fashion Accessories Brand Usage
- Figure 92: Fashion Accessories Brand Usage
- Fragrance, Cosmetics, and/or Beauty Products - Purchase Details
- Type of Cosmetics Bought
- Figure 93: Type of Cosmetics & Beauty Products Bought
- Amount Spent on Fragrance, Cosmetics and/or Beauty Products
- Figure 94: Fragrance, Beauty, Cosmetic Spending by Demographic Segment
- Cosmetics & Beauty: Estimated Spending by Product
- Figure 95: Estimated Spending on Luxury Cosmetics and Beauty Products
- Where People Shopped for Luxury Fragrance, Cosmetics and/or Beauty Products
- Figure 96: Fragrance, Cosmetics, Beauty Products Shopping Choices
- Estimated Spending on Beauty by Type of Store
- Figure 97: Estimated Spending on Luxury Beauty by Type of Store
- Cosmetics, Beauty Products, Fragrances Brand Usage
- Figure 98: Beauty Brands Purchase Incidence
- Wine & Spirits ¡ª Purchase Details
- Type of Wine & Spirits Bought
- Figure 99: Type of Wine & Spirits Bought
- Amount Spent on Wine & Spirits
- Figure 100: Wine & Spirit Spending by Demographic Segment
- Wine & Spirits: Estimated Spending by Product
- Figure 101: Estimated Spending on Luxury Wine & Spirits by Product Type
- Jewelry - Purchase Details
- Type of Jewelry Bought
- Figure 102: Type of Jewelry Bought
- >>Jewelry Luxury Marketers: Take Action
- Amount Spent on Jewelry
- Figure 103: Jewelry Spending by Demographic Segment
- Estimated Spending on Women's & Men's Jewelry
- Figure 104: Estimated Spending on Women's & Men's Jewelry
- Type of Women¡¯s Jewelry Bought
- Figure 105: Type of Women¡¯s Jewelry Bought
- Women's Jewelry: Estimated Spending by Product Type
- Figure 106: Estimated Spending on Women's Jewelry by Product Type
- Type of Men¡¯s Jewelry Bought
- Figure 107: Type of Men's Jewelry Bought
- Women's Material of Composition
- Figure 108: Material of Composition Women¡¯s Jewelry
- Women's Jewelry: Estimated Spending by Product Material & Gemstone
- Figure 109: Estimated Spending on Women's Jewelry by Material
- Figure 110: Estimated Sales of Women's Jewelry by Gemstone
- Men's Material of Composition
- Figure 111: Men's Jewelry: Material of Composition
- Where People Shopped for Jewelry
- Figure 112: Jewelry Shopping Choices
- Estimated Spending on Jewelry by Type of Store
- Figure 113: Estimated Spending on Jewelry by Type of Store
- Jewelry Brand Usage
- Ultra-affluents strongly attracted to luxury jewelry brands
- Figure 114: Jewelry Brand Usage
- Watches - Purchase Details
- Type of Watches Bought
- Figure 115: Type of Watches Bought
- Amount Spent on Watches
- Figure 116: Watches Spending by Demographic Segment
- Watches: Estimated Spending by Type
- Figure 117: Estimated Sales of Watches by Type
- Material of Composition Formal/Dress Watches
- Figure 118: Material of Composition Formal/Dress Watches
- Where People Shopped for Luxury Watches
- Figure 119: Watches Shopping Choices
- Estimated Spending on Watches by Type of Store
- Figure 120: Estimated Spending on Watches by Type of Store
- Watches Brand Usage
- Watches Brand Usage
- Figure 121: Watch Brand Usage
- Personal Electronics - Purchase Details
- Type of Personal Electronics Bought
- Figure 122: Type of Personal Electronics Bought
- Amount Spent on Personal Electronics
- Figure 123: Personal Electronics Spending by Demographic Segment
- Personal Electronics: Estimated Spending by Type
- Figure 124: Estimated Sales of Personal Electronics by Type
- Where People Shopped for Luxury Personal Electronics
- Figure 125: Personal Electronics Shopping Choices
- Estimated Spending on Personal Electronics by Type of Store
- Figure 126: Estimated Spending on Personal Electronics by Type of Store
- Personal Electronics Brands
- Biggest Winners & Losers in the Personal Luxury Market
- Figure 127: Top Ten Fastest Growing Products and Biggest Losers in Personal Luxury Market
- Chapter 5 ¡ª Experiential Luxury Purchases Detail
- Luxury Experiences Purchase Incidence
- Figure 128: Experiential Purchase Incidence
- Luxury Consumers' Average Spending on Experiential Luxuries
- Figure 129: Experiential Luxury Spending
- Experiential Spending by Demographic Segment
- Figure 130: Experiential Spending by Demographic Segment
- Luxury Dining ¡ª Purchase Details
- Amount Spent on Luxury Dining
- Figure 131: Fine Dining Spending by Demographic Segment
- Fine Dining Brand Purchase
- Figure 132: Multi-Chain Restaurants Brand Preference
- Figure 133: Celebrity Chef Brand Prefernece
- Luxury Entertainment ¡ª Purchase Details
- Amount Spent on Luxury Entertainment
- Figure 134: Entertainment Spending by Demographic Segment
- Luxury Home Services ¡ª Purchase Details
- Type of Home Services
- Figure 135: Type of Home Services Bought
- Amount Spent on Luxury Home Services
- Figure 136: Home Services Spending by Demographic Segment
- Luxury Spa, Massage and Beauty Treatment ¡ª Purchase Details
- Type of Spa, Massage, Beauty Treatment Services Purchased
- Figure 137: Type of Spa, Beauty Services Bought
- Amount Spent on Luxury Spa, Massage and Beauty Treatment
- Figure 138: Spa, Massage, Beauty Services Spending by Demographic Segment
- Luxury Travel ¡ª Purchase Details
- Foreign Travel Choices
- Figure 139: Type of Foreign Travel Bought
- Domestic Travel Choices
- Figure 140: Type of Domestic Travel Bought
- Number of Days for Travel
- Figure 141: Number of Vacation Days
- Amount Spent on Luxury Travel
- Figure 142: Travel Spending by Demographic Segment
- Luxury Hotel Brand Preferences
- Figure 143: Luxury Hotel Brand Purchases
- Luxury Tracking Survey Methodology
- Quarterly Tracking of Luxury Consumer Purchasing
- Luxury Consumers and How the Recession Is Affecting Their Spending Was investigated in More Depth
- Sample Demographics
- Income Demographics
- Figure 144: Income Demographics
- Gender
- Age Distribution
- Figure 145: Age Distribution Generations
- Figure 146: Generations
- Other Demographic Variables
AbstractUnity Marketing's Home Luxury Report 2009 is the ultimate guide to the U.S. market for luxury goods for the home. This report focuses on the buying and spending habits of the nation's affluent households -- the top quintile or 20 percent of U.S. consumer households -- of high-end or luxury products and services.
The Home Luxury Report examines consumers' buying behavior and spending habits related to these key categories of luxury purchases:
- Art & Antiques
- Elextronics & Photography Equipment
- Home Decorating Fabrics, Window & Wall Coverings
- Furniture, Lamps, Rugs & Floor Coverings
- Garden, Outdoor, Lawn & Patio
- Kitchenware, Cookware, Cook's Tools
- Kitchen Appliances, Bath & Building Products
- Linens & Bedding Products
- Tabletop, Dinnerware, Flatware & Servingware
The report contains details on these nine luxury goods categories bought by affluent consumers, including annual spending, where these products were purchased and details of the types of products and services bought.
New Research Study Answers the Most Pressing Questions about the Future of Luxury Brands after the Recession:
- How is the economy affecting your affluent customers?
- What is the future of the luxury market AFTER the recession?
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Does putting your brand on sale impact the long term value of your brand in the customers' eyes?
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What is the REAL impact of discounting and sales on the image of your luxury brand or your luxury store?
New research including focus groups in Beverly Hills with highly engaged and very affluent luxury shoppers plus results of a quantitative survey among 1,041 luxury consumers gives marketers data and insight to plan the future of the luxury market after the recession
Get Full Details About This Report >>
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