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Luxury Goods Retail Sales in Asia-Pacific (APAC) Will Reach US $134.9 Billion by 2019, Growing at a CAGR of 7.0% During 2014-2019

In the historic period, luxury goods retail sales in the Asia-Pacific region grew significantly, driven by growing sales in emerging luxury markets.


Albany, NY -- (SBWIRE) -- 09/02/2015 -- However, the economic slowdown in China reduced Chinese spending on luxury goods, resulting in a decline in sales in China in 2014, and the slow growth of luxury retail sales across the region. Strategizing is necessary to sustain in challenging environment. Luxury retailers are slashing prices to attract shoppers while government is exempting taxes and relaxing visa to increase tourists spending.

Luxury goods retail sales in Asia-Pacific will reach US$134.9 billion by 2019, growing at a CAGR of 7.0% during 2014-2019. Indias luxury goods market is the fastest growing in Asia-Pacific, driven by rising disposable income, growing fascination towards luxury brands, and the desire of high earners to differentiate themselves from others.

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Social messaging apps is a trending marketing channel for luxury brands, as the digital channel is influencing the purchasing decisions and pattern of consumers. The Luxury Goods Retailing in Asia-Pacific, 2014-2019 report published by Conlumino provides a comprehensive view of the Luxury Goods retail landscape in Asia-Pacific.

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Reasons To Buy:

Get accurate and reliable luxury retail sales data of 12 countries in Asia-Pacific region 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

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 Compagnie Financiere Richemont SA 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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