Europe Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027

Europe Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027
Summary



This report provides an overview of the Europe Luxury Retailing which includes Analysis, market forecasts, brands and trends in the Europe Luxury Retail Market 2017-2027

The ongoing geopolitical tensions will have a significant negative impact on the European luxury retail market

Retailers have begun refocusing on physical store expansion

Sustainability has become an important part of shopper purchasing habits, forcing brands to pursue innovative sustainability initiatives

Luxury retailers are incorporating innovative technologies to create an immersive shopping experience for consumers

Scope

• The Russia-Ukraine conflict has adversely affected retail operations in the European luxury market as major retailers had to seize operations in the two countries.
• The traditional stores of luxury products are important for customers due to the experience factor, European luxury retailers are investing in pop-ups/concept stores and trying to increase their presence in the market by opening new stores in famous retail areas.
• Luxury retailers are incorporating sustainability into their long-term strategies to tap the demand from consumers and stakeholders for sustainable products.
• Digital channels are playing an important role in the region to improve luxury sales after the pandemic, as consumers are more active online now than before.

• Gain a comprehensive knowledge on Europe Luxury retail market and develop a competitive advantage
• Investigate current trends in Europe luxury retail market to identify the best opportunities to exploit
• Analysis of key luxury retail players operating in Europe
• Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the luxury fashion market in Europe region