The COVID-19 crisis has hit the luxury and fashion industry hard. According to a study conducted by the Boston Consulting Group, sales in these two sectors could drop by 25% to 30% compared to 2019.
Economics & Business
May 14, 2020
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6
In an age when most people carry smartphones that can tell the time—on top of hundreds of other applications—watch makers are increasingly focused on selling their goods as luxury items.
Consumer & Gadgets
Apr 24, 2013
1
0
In Greece, drivers cannot legally purchase custom vanity plates. However, a new study confirms an open secret: that the country has an illegal market for acquiring license plates with distinctive number patterns, perhaps ...
Economics & Business
Sep 1, 2021
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40
Footballers in flashy cars, City workers in Armani suits, reality TV celebrities sipping expensive champagne while sitting in hot tubs: what drives people to purchase luxury goods? New research suggests that it may be a sense ...
Social Sciences
Sep 19, 2017
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9
In certain situations, people actually salivate when they desire material things, like money and sports cars, according to a new study in the Journal of Consumer Research.
Social Sciences
Sep 14, 2011
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0
In recent decades, a new global middle class has exploded, with a total population exceeding one billion people. A new study in the Journal of Consumer Research explores the consumption attitudes of some of these members ...
Social Sciences
Nov 18, 2009
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0
Swiss luxury goods group Richemont announced Friday a partnership with Chinese e-commerce giant Alibaba to develop platforms in China for high-end products.
Business
Oct 26, 2018
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16
(AP) -- Online auction site eBay Inc. was fined euro1.7 million ($2.5 million) by a Paris court on Monday for failing to stop the sale of famous perfume brands like Christian Dior, Guerlain, Givenchy and Kenzo - all of which ...
Internet
Nov 30, 2009
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0
People may forgo displaying luxury brands and other signals of status when they want to convince others that they will collaborate well with a team, as people who signal their wealth and social status could be perceived as ...
Social Sciences
Apr 21, 2022
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24
Consumers don't react positively to all messages of corporate social responsibility, according to a new study in the Journal of Consumer Research. The message needs to line up with consumers' mindsets and understanding of ...
Other
Jul 14, 2011
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