When will luxury retail bounce back? Ft. Carlo Moltrasio, Senior Manager at Bain & Co.
Description
2020 marked the first major dip in luxury market growth, with Kering Group seeing sales drop 16.5%. But, there is hope. In Bain & Company’s 2020 Worldwide Luxury Market Monitor, the firm estimates that the market will recover to near pre-COVID-19 levels sometime between 2022 and 2023. Traditionally reliant on in-store sales to drive growth, the pandemic has accelerated the importance of ecommerce with more luxury brands embracing digital as the go-to channel.
Joining us in our latest unEDITED: Inside Retail episode, Carlo Moltrasio, Senior Manager at Bain & Co., explains the findings in Bain’s research. An expert in luxury fashion with over seven years of experience supporting several notable luxury brands, Carlo provides data-backed insights into the market’s performance over the past year, as well as an overview of where it’s heading next.
Sign up to our weekly Insider Briefing to get the latest industry news and exclusive market analysis here.
Don’t forget to rate, review and subscribe to unEDITED! Get in touch at unedited@edited.com if there’s someone you think would be a great guest for our show too.
Hosted on Acast. See acast.com/privacy for more information.
United States
