TFOL News Snapshot: 30.01.15

This week, Apple takes the luxury gift top spot, luxury brands need to concentrate on mobile integration, man bags are one fifth of the luxury bag market.

1.The biggest threat to luxury brands’ rapid growth

“After years of fueling the growth of luxury labels, there are signs that the global high-end consumer is starting to cool—placing a renewed emphasis on the importance of the United States and its affluent shoppers.”

Read full article: CNBC

2. Survey: Mobile a sore spot for luxury brands

“Mobile may be making strides across the advertising spectrum, in general, but one category finds mobile especially challenging. That’s the takeaway from a new report out from RadiumOne. Researchers surveyed luxury brands across the US and found most (59%) were ‘content’ with 2014 digital initiatives, but that 63% still have not integrated mobile sites with their in-store experience.”

Read full article: BIZREPORT

3. Apple takes top gifting spot in China – report

“Apple Inc has taken the number one luxury gifting spot in China from designer goods maker Hermes International SCA, according to a Hurun luxury report on Thursday, reflecting the iPhone maker’s recent hot streak in the country.”

Read full article: REUTERS

4. One in five luxury handbags are man bags

“According to Euromonitor’s estimates, the market value for man bags has more than doubled over the past decade, with men now spending in the neighborhood of $6 billion per year on luxury bags. But the quantity being purchased over the same period has grown rather modestly: just under four percent, on average, per year over the same period—less than half as fast as the growth in revenue. Simply put: guys are shelling out more money per bag.”

Read full article: QUARTZ

5. Indian luxury market to hit $18 billion mark by 2017: Study

“New Delhi: Indian luxury market is estimated to be worth $18 billion by 2017 from the current level of $14 billion, according to a study.The market is likely to witness unprecedented growth in luxury categories including fashion, automobiles and fine dining, says ASSOCHAM-Yes Bank joint report.”

Read full article: INDIAN RETAILER