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Luxury insight
by David2591
India Luxury Retail Market A Long T... 9988 views by Klaus Heine
Global luxury goods market: 2012 Ed... 425 views by Murali Ramesh
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Luxury insight
by Marinet Ltd
Luxury insight
by ionutgrossu on Feb 27, 2013
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M ore Luxurypresentation
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Luxury insight
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China Luxury Apparel and Accessories Market Report, 20122015:New Industry Anal
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1. Luxury insightSmall research of overall marketRomanian market reviewNew business opportunities 2. What LUXURY is? DESIGN QUALITY CRAFTMANSHIP SERVICETo build reputation it takes decades
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3. Luxury Market Summary Most important brand owners and distributor in the luxury market: LVHM (double digit growth in 2012) (Louis Vuitton, Moet, Hennessey) PPR (double digit growth in 2012) (Gucci, YSL) Richemont (double digit growth in 2012) (Dunhill, Cartier, Chloe) Hermes (double digit growth in 2012) Fast growing emergent markets (ASIA China) UBS report in 2010 says: 50% of world luxury revenue comes from Asia 50% of Europe luxury revenue are Asian tourists 4. Luxury Market Summary China is the 2nd largest consuming group of luxury goods after USA while Europe is struggling with an organic growth of 1 digit last year Biggest growth by gender is made by mens luxur. Top 5 Brands of men luxury: E. Zegna, Hugo Boss, Dunhill, Armani, Burberry Many
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Luxury destination
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luxury companies are going online Armani.com delivers in 27 European countries Escada to open e-shop in 2013 PPR opened Stella McCarthy Estore last year Ittiere opened E-commerce business line for 35 countries Zalando open Emeza, luxury discounted E-store
Luxury insight
Like The Concept of Luxury Brands Presentation
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5. Local Luxury Market Local luxury market are divided by: Products Watches & Jewelry Fashion Cosmetics and Fragrances Investments Real Estates Art Way of life Cars, Airplanes, Tourism Home decorations, Alcohol, Cigars 6. Local Luxury Market Most of the luxury brands are present in the market Hermes, Chanel and Prada are not yet locally based Local luxury market decreased in the area of luxury cars, watches and accessories over the crisis period Fashion, accessories and cosmetics reported 20% decrease in 2008 at the beginning of crisis Meanwhile brands like Max Mara, La Perla, Pal Zileri, Canali reported constant growth of 20-30% in 2008 In 2009 7 branded fashion stores were closed In 2009, 9000 people were clients of luxury products, while in 2008 were 11,000 (CPP Management) 7. Local Luxury Market 2010 luxury market of fashion and accessories goods was nearly 50 million Euro (including counterfeit products) Louis Vuitton Romania reports 4.5 million Euro sales in 2010 Arts sales decrease to 8 million Euro after 2008 of 31 million Euro sales. For 2013 it is said to be up to 25-30 million Euro. 2011 reports a general growth of luxury products up to 500 million Euro 50-60% of total sales represent cars luxury industry 30% of the market is represented by fashion luxury 8. Local Luxury Market First half of 2012 reported a decrease of 30% of sold luxury goods comparing 2011 same period Gucci, Moschino, Dunhill, Valentino, Emporio Armeni, Hugo Boss, Burberry decrease in sales based of cost cut optimization of global strategy Luxury cars industry grew with 39% in the first half of 2012. Real estate industry double the revenue comparing same period of last year Roberto Cavalli, Porsche Design and Montegrappa opens first monobrand store in Bucharest Frey Wille reported more then 1 million Euro revenue for a newly brands in the market 9. Romanian customer profile of luxurygoods Billionaire or Millionaire Having more then 40 million Euro wealth Buying most exclusivist brands like: Hermes, L. Vuitton, Moet & Chandon, Rolex, Gucci, Prada Top Managers and business owners Aspirants of luxury lifestyle Expensive cars and watches Expensive travelers Luxury consuming goods Woman are more attracted by fashion while man by cars 10. Romanian customer profile of luxurygoods Online luxury customers are seeking: Fashion & shoes 60% Cosmetics & fragrances 46% Food & Alcohol 26% 31% of urban inhabitants will buy a luxury product next year 47% of them are 32-47 y.o. Active professionals and married Daily usage of internet with high education Analytical and pragmatic 11. Romanian customer profile of luxurygoods 37% of them are between 18 to 31 years old Technological addicted Self focused and self inventive Appreciate variety Unmarried with middle high education 16% of them are
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between 48 to 64 years old and married 12. Local luxury reports 13. Local luxury reports 14. Conclusions & Opportunities Luxury market in Romania after a period of decrease started to gain more value. Specialists reported growth for 2013 in most of the luxury segments New fashion brands established monobrand store and other are to come in 2013 and 2014 as luxury fashion will increase this year Cars luxury is to growth in exclusivist segment and to stabilize on the other with perspective to grow Online luxury is the new trend in business Romanian luxury customers will be more interested in high services in order to gain loyalty 2013 to pass half a billion Euro market value in Romania 15. Business Concept Online Luxury Store that will sell fashion, jewelry, consuming goods, IT & Gadgets luxury brands
Luxury insight
Luxury In Turbulent Times S lideshare
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Like There is always an aura of mystery surrounding luxury brands 297 luxury-brandi
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16. Competition For the online segment there are couple of websites which sells luxury goods but there is not a dominant player 17. Risks Even the luxury market stabilized a little and in some areas a growth took place there are a few risks due to the instable economical situation The Romanian millionaires power of purchase decreased with 30% over the last year Big counterfeit market and no clear strategy to avoid the phenomenon over the local authorities Many international brands opened online stores with delivery to Romanian market 18. Thank you! LESS IS MORE MORE IS BETTER KEEP IT SIMPLE
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Maintaining the mystery of the luxury brands whilst maximizing sales, an interna
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Luxury insight
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