New Trends in European Luxury Goods Retailing-Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit According to the study, “Luxury Goods Retailing in Europe, 2017-2022: Market & Category Expenditure and Forecasts, Trends and Competitive Landscape” some of the major companies that are currently working in Europe are LVMH, Richemont, Luxottica, Kering, The Swatch Group, L’OréalLuxe, Rolex SA, Hermès, Michael Kors Holdings Ltd, Prada. Europe is a developed market for luxury goods. Luxury goods refer to services of better quality which are distinguished from normal goods because of their exclusive craftsmanship, exclusivity and the reputation associated. Luxury goods can reach the customers in three ways, through retail, wholesale or online. Retail channels give the opportunity for having direct contact with the customers. Germany, the United Kingdom, Italy, France and Spain are the five main markets in terms of good retailing in Europe. Moreover Europe has a combined purchasing power volume of 5,500 billion Euros from 5 countries. Europe’s fashion industry is established by some outside brands from Sweden’s like H&M, Spanish Inditex group and the Dutch company C&A. H&M operates approximately has 2,500 branches, with three fourths in Europe. C&A has a total of more than 1,500stores in 19 European countries. HSBC divides the luxury sector into two categories: hard (such as watches) and soft (apparel). German luxury market is increasing about five percent a year quicker than the overall global luxury market. In Germany prominent luxury goods demand includes glassware and porcelain, cutlery, cars, ornate lamps, bathroom interiors, bespoke kitchens and kitchen appliances, cameras and camera lenses, and furniture. Some of the top brands on the luxury goods include Porsche automobiles, Länge & Söhne watches, Gaggenau ovens, Decon garden furniture and Meissen china. The ‘Ross’ has opened multiple provisions from two different concepts. Ross has a strategy of building its presence from 1,651 to 2,000 locations and providing discounts chain to 500 stores. Ross may be TJX’s most significant competitor. The Motley Fool reports that Ross has outgrown TJX consistently over a three-year span. Clothing remains the key type in most luxury retails across Europe, expected to account for a quarter shares in 2019, primarily based on the demand for new designer’s apparels from young fashion designers and global brands. Jewelry is the other growing luxury category as it has an additional advantage particularly for those affected by the recession, the upper middle class and tourists from upward economies. Techno-luxury in wearable’s and use of new in-store technologies to improve consumer experience, are some of the new demand areas in luxury retailing. Creativity, differentiation, social responsibility and customer relationship are important areas required by retailers to succeed. The UK is expected to emerge as the largest market for luxury retailing by 2019 followed by Italy and France. Online sale of goods is further adding new opportunities in the luxury goods trade. Increase in the number of online portals with their rising popularity fueled the market growth. Growth in the number of working professionals and busy lifestyle accompanied with technical awareness are the key factors responsible for increasing demand for luxury goods. In addition, online sales offer direct-to-home delivery service, which is one of the key powerful factors among urban as well as semi-urban consumers. Luxury Goods Market is expected to reach $429,762 Million by 2022, growing at a CAGR of 3.9% from 2016 to 2022. Increase in spending capacity of clients and increase in living standards are expected to boost the market growth over the forecast period. To know more, click on the link below:- https://www.kenresearch.com/consumer-products-and-retail/luxury-goods/luxury-goods-retailing-europe/150616-95.html Related Reports:- https://www.kenresearch.com/consumer-products-and-retail/luxury-goods/luxury-goods-retailing-america/150619-95.html https://www.kenresearch.com/consumer-products-and-retail/luxury-goods/luxury-goods-retailing/150618-95.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Post Views: 4 Tags: Europe Luxury Goods Retailing Market Analysis, Europe Luxury Goods Retailing Market Competition, Europe Luxury Goods Retailing Market Competitive Analysis, Europe Luxury Goods Retailing Market Forecast, Europe Luxury Goods Retailing Market Future Outlook, Europe Luxury Goods Retailing Market Growth Analysis, Europe Luxury Goods Retailing Market Opportunities, Europe Luxury Goods Retailing Market Overview, Europe Luxury Goods Retailing Market Research Report, Europe Luxury Goods Retailing Market Revenue, Europe Luxury Goods Retailing Market Segmentation, Europe Luxury Goods Retailing Market Shares, Europe Luxury Goods Retailing Market Size, Europe Luxury Goods Retailing Market Statistics, Europe Luxury Goods Retailing Market Trends, Europe Luxury Goods Retailing Market Value