170 results for '"luxury"'
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Macrotrends

TasteMakers

... on food or beverages, and, with this, it’s become a primary form of luxury to their generations. Youth are willing to devote a disproportionate amount of their disposable income to this category—often cutting back in other areas—because trying the latest food and drinks has become a key form of social currency. There’s a cool caché around food and beverages that didn’t exist among previous generations: today’s young consumers are eagerly going out of their way to obtain special ...

ReLuxe

... Gens Y and Z are redefining the concept of luxury to better suit their generations’ modern values and needs.It’s not an easy time to be a luxury brand. Between the recent U.S. recession, the downturn of a once-reliable Chinese market, and the climate of political and economic unrest across the globe, scaling has never been more challenging. On top of this, the misconception that Ys aren’t shelling out for luxury has left many high-end brands ready to give up on this massive group in spite of ...

Consumed Global

... these consumers, one-stop shops in the Miami area, including Walmart and Target, now sell counter-seasonal clothing items to coincide with winter in the southern hemisphere. And given how much Brazilians are spending, flights with Brazil’s top airline TAM originating in the US have had to carry more fuel to accommodate the overweight baggage. Luxury Brands in the US & UK Cater To Chinese Consumers China is the number one luxury spender worldwide, and over two-thirds of luxury spending by Chinese ...

Retail 2.0: Youth Outlook On Luxury

... Modern youth exhibit a penchant for luxury items rather than luxury brands, especially as they prize creativity, individuality, and inclusivity, and are subsequently applying these filters to their purchases.Modern youth are creating a new definition for luxury—one that fits this vertical (which has historically been inflexible to the wants and whims of those outside its core customer base) to their unique interpretation. Today’s youth prize creativity and individuality, and they’re ...

The Urge To Splurge

... A snapshot of each generation's luxury purchases and why they're splurging in these areas.The term “luxury” means different things to each generation. For Baby Boomers, it indicates a “keeping up with the Joneses” mentality wherein traditional status symbols like houses and cars are indicators of financial success. To Gen Xers, luxury equates more with prestige bags, shoes, accessories & jewelry, and fashion & style as they value items they can display on their person. But when it comes to ...