RESEARCH
MILLENNIAL and Gen Z consumers with an eye for luxury brands are supporting strong sales in Australia’s luxury retail market...
According to CBRE’s Luxury Retail Report, younger Australians buying up high-end products paired with the return of international tourism has helped underpin a record $6.2 billion in...
“The luxury market’s dynamic nature and shifting consumer preferences present exciting opportunities for growth and innovation in Australia,” said Sheree Griff, head of...
Though discretionary spending has stabilized from its peak in January 2023, it has continued on a upwards trend of the last five years...
Louis Vuitton, Richemont and Hermes were the top performing luxury brands in Australia over the year, with the three brands delivering strong performances over the last four years...
Generationally, Millennial and Gen Z shoppers are more likely to prioritize both high-end and sustainable products...
“The trend of younger consumers showing a preference for premium products over ‘fast fashion’ is a key driver behind the robust performance of Australia’s luxury retail market in...
Social media, particularly TikTok and Instagram, has become a significant platform for younger consumers to discover and engage with luxury brands. Short-form videos and...
Despite the rapidly rising e-commerce penetration in Australian retail, as at April 2024 those aged between 15 and 54 accounted for over 50% of all high-end spending in...
With The Cartier flagship at 388 George Street designated as one of the 18 new “World’s Most Beautiful Shops and Stores” in 2023 by the selection committee for the...
Nationally, international tourists spent $43.1 billion during their travels in 2023, up 118% from $19.8 billion in 2022. And are expected to spend at greater than...
With forecasts for international spend in Australia over 2023-2028 at an average annual growth rate of 12.2% or $250 billion in expenditure, according to Tourism Research Australia....
60% of luxury spending was in the clothing and footwear category, which accounted for $4.3 billion of total revenue in 2024. With Jewellery and watches following at 25% or...
60% of luxury spending was in the clothing and footwear category, which accounted for $4.3 billion of total revenue in 2024. With Jewellery and watches following at 25% or...