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Luxury looks at the behaviours impacting the ways the wealthy spend. Click below for the insights and innovations influencing this sector over the last six months.
As people grow more conscious of the ethical impact of their purchases, some are embracing pre-loved goods and rental services to experience high-quality trappings in a more sustainable manner.
Gen Yers and Zers are coming into their own financially and flexing their spending power, causing the luxury sector to be reshaped by their social expectations and demands for inclusivity.
Whether it’s opting for organic food or sustainably-made luxury goods, pro-social and eco-friendly purchasing is allowing people to reflect a more culturally prized ethos of self-betterment.
As a new cohort of affluent shoppers seeks authentic connections with the brands they invest in, labels are evolving their offerings to court those who don’t fit into the traditional luxury mould.