After a recent downturn, the China luxury market is stabilizing, but growth remains elusive. To return to growth, luxury must align with changing consumer psychology.
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After a recent downturn, the China luxury market is stabilizing, but growth remains elusive. To return to growth, luxury must align with changing consumer psychology.
Louis Vuitton earned millions in earned media value during the World Cup victory celebration. The brand has long turned such sports trophy moments into cultural capital.
Luxury shoppers increasingly rely on AI, but it is designed to meet defined needs, not create desire. Luxury desire is built on human factors that AI can’t replicate.
In a softening luxury goods market, meaning has become the new currency, reshaping demand, raising expectations and requiring brands to earn the right to be purchased.
Luxury fashion brands are hoping ‘The Devil Wears Prada 2’ will attract Gen Z and revive a personal luxury market facing a two-year downturn. However, prospects are unlikely.