A new era of luxury goods From Global luxury power in 2020
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The following is the A new era of luxury goods From Global luxury power in 2020 recommended by recordtrend.com. And this article belongs to the classification: Deloitte Consulting , Consumer research, research report.
2020 – major global luxury power discovery
In fiscal year 2019, the world’s top 100 luxury companies achieved total sales of $281 billion, up $34 billion from $247 billion in the previous fiscal year. After the exchange rate adjustment, the compound annual growth rate was 8.5%, lower than the 10.8% of the previous year. Among the top 100 luxury companies, 12 companies with outstanding performance recorded double-digit year-on-year growth in sales growth rate and compound net profit margin.
The lowest revenue of luxury companies on the top 100 list in fiscal year 2019 was $238 million, an increase of $20 million compared with fiscal year 2018, and the average revenue scale was $2.8 billion.
The sales of the top 10 luxury companies accounted for more than half (51.2%) of the total sales of the top 100 for the first time in fy2019. The growth rate of the top 10 companies was higher than that of the top 100 companies by 11.9% and 8.5% respectively.
The compound growth rate of sales of the top 100 luxury goods companies headquartered in China, Japan and the United States decreased significantly year on year in fy2019. In contrast, the growth rate of companies headquartered in Europe has increased, with the exception of the UK, which recorded a slight decline.
Among the top 100 companies, Italian companies accounted for the most (22), while France accounted for the largest share of total sales (28.3%).
Integrated luxury is the best performing area in fy2019, with sales growth of 12.8% and a third of the total sales of the top 100.
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