Generation Z, also known as Gen Z, is the demographic cohort following the millennial generation. Born between 1997 and 2012, they are currently between the ages of 7 and 24 and make up a significant portion of the population. As they come of age and enter the workforce, Gen Z is becoming a major force in the luxury market. Gen Z is known for their digital savvy and comfort … [Read more...] about Gen Z ranks top in luxury sales
Joint Study by BCG and Comité Colbert Reveals That 65% of Consumers Take Into Account Companies' Commitment to Sustainable Development When Deciding on Their Purchases PARIS, June 30, 2022 - The luxury industry has shown resilience with a return to pre-COVID performance levels and an estimated sector growth of more than 6% between 2022 and 2026. Now more than ever, the … [Read more...] about The Luxury Industry: Accelerating and Advancing Corporate Responsibility to Meet Evolving Consumer Demands
Available domains: LuxurySucks.com BornIntoLuxury.com How do luxury brands adopt to our changing shopping habits? @anyahindmarch joins me on "The Economist Asks". What makes a witty "posh bag", how the "not" plastic bag changed to recycle plastic - and why local appeal is the new mantra for niche global brands https://t.co/IM13eqQ76q— … [Read more...] about LuxurySucks.com (Luxury Sucks) vs BornIntoLuxury.com (Born Into Luxury): How do luxury brands adapt in the rapidly changing world?