UK luxury market is expected to double.
It is expected that the British luxury goods double in size over the next five years to market. We believe that the sector is worth £ 12200000000 in 2017, compared to £ 2,012 6600000000th
A group of British Industry Nonprofit - and the market research firm Ledbury Research The results were published in the British study led 2013 Luxury reference of Walpole reported. The analysis was based on the figures for clothing, accessories, travel, hospitality and jewelry, as well as the results of surveys with senior management and executives.
"Despite the impact of the euro crisis and the difficult economic environment, the British luxury industry is extremely robust and is expected to grow significantly in size," said Julia Carrick, CEO of Walpole.
More than 80 percent of respondents expect labels increased sales in 2013, reports The Business of Fashion. The study also showed that tourism is crucial for the industry - more than 60 percent of brands targeted customers from abroad - with Chinese visitors, the fastest growing group of buyers, followed closely by Americans. London remained the most important central platform for most brands, with Manchester and Edinburgh experience higher sales outside the capital.
"Behind some minor characters, this year's results show the important innovation for the British luxury market issue," said James Lawson, director of research Lebury. "Innovation in brands - including the use of technology and social media -., And the next generation of new and curious luxury consumers who are avid users of these new platforms'