Retail Industry Luxury Trends Survey 2015-2016

RnRMarketResearch.com announces a new report “Retail Industry Luxury Trends Survey 2015-2016” added to its database.

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Retail Industry Luxury Trends Survey 2015-2016 report examines luxury retail spending habits over the past 12 months and highlights key factors influencing customers' purchasing preferences for luxury brands and the channels through which they purchase these brands. It also analyzes customer spending patterns towards luxury brand categories, the impetus behind purchasing these luxury brands, and the reasons for purchasing these brands abroad. Additionally, it provides information categorized by gender, age, and annual income.

Complete Report Available at http://www.rnrmarketresearch.com/retail-industry-luxury-trends-survey-2015-2016-market-report.html .

Even though the highest share of respondents purchased luxury brand items from retail stores operating in their home countries, customers confirmed that offering products at discounted and duty-free prices will definitely motivate them to shop when they are traveling abroad. Similarly, expanding the e-commerce portfolio of products will drive customers to also purchase luxury items online. Moreover, growth in luxury items is gradually shifting towards emerging markets across all product categories. As a result, luxury brand companies are taking advantage of evolving technological and consumer demands to identify factors driving the purchase of luxury items from international locations, and also to help boost profits and remain competitive.

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The majority of respondents were more likely to buy clothing from Ralph Lauren/Polo and Victoria's Secret brands, The highest percentage of respondents bought luggage and leather goods products from Tumi and Louis Vuitton, Estee Lauder, Qeelin, and Volcom...