Luxury Goods Retailing in the Americas, 2014-2019; Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
Luxury goods retail sales in the Americas generated sales of US$109.7 billion in 2014. The market recovered gradually, posting a CAGR of 5.5% during 2009-2014, after facing difficulties during the recession. Economic recovery, the growing number of UHNWI, increasing consumer confidence, and rising aspirational consumers are the key growth drivers in the region. Though the region offers huge growth opportunities, the luxury goods market is very dynamic and demands change with ever-changing consumer lifestyles and sentiments, and luxury retailers and brands need to adapt to changing consumer needs. In-store technology, omni-channel strategy, innovative marketing campaign, new product lines with contemporary designs, artistry, and craftsmanship, are becoming crucial to luxury retailers.
The US luxury retail market accounts for 90.2% of the total market in the region, and is forecast to grow at a CAGR of 5.2% during 2014-2019, driven by the recovery in the economy and rising tourist spending
Though a relatively small market, Peru is expected to observe the fastest growth in the region, driven by a developing economy, rising affluent population, and increasing brand awareness
The luxury goods retail sales of Colombia are expected to double by 2019. After overtaking Chile, Colombia is expected surpass Argentina by 2019
Communication equipment is the fastest growing category in the region, driven by the growing demand for high-end smartphones
The Brazilian luxury market is attractive but challenging; high import duties present challenges in Brazil
Off-price store competition is heating up, as Americans are looking for high-end products at a cheaper price
Relaxed visa regulations has spurred tourism in the Americas
The Luxury Goods Retailing in the Americas, 2014-2019 report published by Conlumino provides a comprehensive view of the Luxury Goods retail landscape in the Americas. It includes:
Current market sizes and forecasts to 2019 by country and category; Covers 9 countries in Americas - Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, , US and Venezuela and 12 categories - Clothing, Jewelry, watches and accessories, Drinks, Personal care, Home furniture and Homewares, Luggage and leather goods, Footwear, Communications equipment, Tobacco, Stationery, Consumer electronics and Others
Highlights the region's fastest growing markets for the categories; also provides market data by categories and penetration of luxury retail sales in total retail sales.
Details market size forecasts for each country in the Americas, and features major luxury brands, mergers and acquisitions and luxury retail trends
Provides analysis of Ralph Lauren brand expansion and growth strategies.
Reasons To Buy
Get accurate and reliable luxury retail sales data of nine countries in the Americas for 2014 and forecast for 2019 to identify the largest and fastest-growing market and to discover profitable markets for expansion/entry
Explore an in-depth analysis of luxury retail sales data by categories to spot and target key categories in each country, to analyze current and future growth prospects and develop strategies for category/country you are interested in
Learn from luxury market retail trends and define your strategies based on the need of luxury retail landscape in the region
Make country level comparisons to effectively target new revenue streams and align your marketing strategies with the crucial trends influencing luxury spending in the region
Understand competitive positioning based on the information on market shares, store count and latest developments for key luxury retailers in the region
Track brand expansion and growth strategy of Ralph Lauren, an iconic US luxury brand through a detailed case study
Gain information on all major mergers and acquisitions of luxury brands to understand the luxury market space and acquisition strategies of competitors
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