Boston, MA -- (SBWIRE) -- 12/09/2015 -- Luxury goods retail sales in Europe generated US$116.4 billion in 2014. Many European countries are popular as tax free shopping destinations among tourists. Shoppers from other regions prefer to buy luxury products in Europe to save on huge import taxes. Chinese and Russian tourists are the biggest spenders, however, in recent years, the economic slowdown and currency devaluation coupled with government austerity measures on gift giving in China and the recession and Ruble depreciation in Russia has reduced the number of Chinese and Russian tourists and their spend in European countries resulting in slow growth.

Key Findings

-The UK will emerge as the largest market for luxury retailing by 2019, surpassing Italy and France
-Turkey is the fastest growing luxury market driven by rising disposable income, rapid urbanization, and changing demographics
-The luxury market in Russia is shattered amid recession and ruble depreciation
-Clothing remains the key category in most luxury markets across Europe, accounting for a 24.7% share in 2019, driven by the demand for new designer's apparels from young fashion designers and international brands
-Jewelry is the fastest growing luxury category as it has an added advantage of being considered an asset amongst individuals, particularly for those affected by the recession, the upper middle class, HENRYs (high earners, not rich yet), and tourists from developing economies
-Techno-luxury in wearables and use of new in-store technologies to enhance consumer experience, are some of the new trends in luxury retailing

Get More Details on this Report and a Full Table of Contents at Luxury Goods Retailing in Europe, 2014-2019 ; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape

Synopsis
The "Luxury Goods Retailing in Europe, 2014-2019" report published by Conlumino provides a comprehensive view of the Luxury Goods retail landscape in Europe.

It includes:

-Current market sizes and forecasts to 2019 by country and category; Covers 24 countries in Europe including Turkey 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
-Current market data by category and country and share of luxury goods in total retail sales
-Information on fastest growing category and country and market size forecasts for each country in Europe
-Market shares of major luxury brands, mergers and acquisitions and luxury retail trends
-Analysis of LVMH brand expansion and growth strategies.

Reasons to Get This Report

-Get accurate and reliable luxury retail sales data of 24 countries in Europe 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 LVMH 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

Companies Mentioned in this Report: LVMH, Ralph Lauren, Compagnie Financiere Richemont SA, Kering S.A., Tiffany and Co., Burberry Group plc, Mulberry, Hermes International SCA, Prada, Salvatore Ferragamo Group, Giorgio Armani, Brunello Cucinelli SpA, Dolce and Gabanna, Tod's, Ermenegildo Zegna"

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Retailing research reports at Fast Market Research

You may also be interested in these related reports:

-Luxury Goods Retailing in Asia-Pacific, 2014-2019; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape
-Global Luxury Goods Retailing, 2014-2019 ; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape
-Luxury Goods Retailing in the Americas, 2014-2019; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape
-Retailing in the UK - Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2019
-Retailing in Russia