Bain&Company news and archive

Luxury sales to fall 23 percent, back to 2014 levels, says report

2020 has been a reckoning for the fashion and luxury industries, recording one of the worst years with sales down 23 percent over 2019. A new report by Bain shows the drop is the largest recorded fall since it began tracking the luxury industry. The overall market, it says, shrunk for the first time since 2009. Other findings show e-commerce...

Business

Global luxury goods market expected to grow 8 percent in 2018

The global personal luxury goods market is expected to grow 6 to 8 percent in 2018, according to a report by market monitor Altagamma and management consulting firm Bain & Company. Leather accessories and jewelry are the product categories expected to grow the most (7 percent), while apparel is expected to grow at a slower rate, at 4 percent....