High-end shoes top sector in €224bn luxury market - footwearbiz: Leadi

News

High-end shoes top sector in €224bn luxury market

26/05/2015
High-end shoes top sector in €224bn luxury market
Accessories made up 29% of the luxury market, with shoes the top performing category in 2014, according to consultancy Bain.

Currency effects significantly altered the geography of luxury global shopping during the year.

Tourists made around half of all purchases, with Chinese shoppers favouring Europe, where the weak euro has made products relatively ‘cheaper’.

Global luxury spending reached €224 billion in 2014 compared with €218 billion in 2013 and €212 billion in 2012.
Around 34% of these purchases were made in Europe, 32% in the US, and 8% in Asia-Pacific.

"Currency fluctuations are becoming a real challenge for the industry, impacting on price differentials and tourist flows,” said Bain partner Claudia D’Arpizio.

Related stories:

China to lead growth of the luxury goods market 13/06/2018
Chinese consumers help luxury market to rebound 30/10/2017
Footwear market to grow 2.5% until 2023 - report 06/04/2016
Sales of high-end French footwear rocket in Asia 22/05/2015
High-end footwear firm fails as French buyers ignore unknown brands 15/05/2015
Roberto Cavalli sold 05/05/2015
‘Bittersweet emotions’ as husband and wife team depart Pliner brand 08/04/2015
Ferragamo stops 90,000 sales of fake goods in 2014 26/03/2015
Shoes are good news for Pollini parent group 11/03/2015
Kering reports “pivotal” year for Puma 19/02/2015
European partners launch new three-year high-end shoes project 02/02/2015
Jimmy Choo pleased with first results since IPO 27/01/2015
Coach buys Stuart Weitzman for $574 million 07/01/2015

footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.