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The personal luxury goods market boomed in 2022, reaching an unprecedented $383 billion, up 26% from 2019 and 22% from 2021 at current exchange rates, according to Bain-Altagamma Luxury Study. Much of the growth came from its two largest markets, The Americas ($123 billion and up 25%) and Europe ($102 billion, up 27%). However, China, […]
Over the last three years, the luxury market has experienced a whirlwind of change. In the lead-up to the pandemic, the personal luxury goods market grew 7 percent in 2019, reaching $300 billion globally. Then in 2020, it suffered a sharp decline, dropping an unprecedented 22 percent to $235 billion, followed by a remarkable rebound […]
Starbucks is making it harder for its rewards program members to get their freebies. While members will continue to earn the same number of Star rewards points per dollar spent, beginning February 13, the Star points needed to get a free brewed coffee or tea will double from the current 50 Stars to 100. Handcrafted […]
A year ago, the retailers had one overwhelming employment problem: they couldn’t find enough people to work in their stores. Employees were leaving retail employers in droves and not enough people were queuing up to fill the vacancies. Retail job openings were up nearly 40% in December 2021 over 2019 levels. And last year, the […]
Madhappy, the LVMH Ventures-backed fashion company, is blazing a trail for what a 21st-century brand can be and, more importantly, what it can do: make the world a better place one fashion piece at a time. Founded in 2017 by Peiman Raf, his brother Noah, Mason Spector and Joshua Sitt, Madhappy came from the recognition […]
Speaker, author, and market researcher Pamela N. Danziger is internationally recognized for her expertise on the world’s most influential consumers: the American Affluent. As founder of Unity Marketing, Pam leads with research to provide brands with actionable insights into the minds of their most profitable customers.
Learn more about Pam