Tiny handbags, Gen Z consumers propel global luxury sales to new heights
Global sales of personal luxury goods are expected to grow by 22 per cent this year to a record US$366 billion, boosted by trends like tiny handbags, Gen Z consumers and ethnic minorities.
First published in 1903, South China Morning Post is Hong Kong’s premier English language newspaper and has the city’s most affluent and influential readership. With a reputation for authoritative, influential and independent reporting on Hong Kong and China. The newspaper is supported with its online publication and its Sunday edition, Sunday Morning Post.
Luxury spending is growing faster than ever, fuelled by pent-up pandemic demand and shifting demographics as younger, more diverse consumers buy into tiny-handbag and post-streetwear trends, according to a study released Tuesday.
Luxury in China South China Morning Post
Essential Consumer Behaviour Statistics in 2024 • ZipDo
Millennials and Gen Z to account for 70% of global luxury sales by
Demand for secondhand luxury goods on the rise – DW – 12/06/2021
Tiny handbags, Gen Z consumers propel global luxury sales to new
Handbag sales at risk as young women turn to backpacks, fanny packs
Ecommerce Fashion Industry in 2023: 10 Marketing Trends for Growth
How Relationship Between Consumers & Retail Brands is Evolving
Luxury in China South China Morning Post
The RealReal's 2021 Report Reveals Gen Z Continues To Be Powerful
How Are Luxury Brands Creating (Even More) Scarcity in the Resale
Luxury resale: Gen Zers and their attitude towards luxury items
Myntra Unveils FWD, an Immersive Fashion Experience for Gen-Z
