Luxury car makers reported strong sales growth on China’s mainland for the first half of 2011, despite the Chinese government’s phasing out of incentives […]
Category: Consumer Behavior
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Demand for art, watches, rare wines, vintage cars and other offbeat investments expanded in 2010 as the world’s super-rich rebounded from the financial crisis, according the latest World Wealth Report […]
Spending by Chinese travelers nearly doubled from 2010 due to the growing number of affluent shoppers and the yuan’s appreciation, Hurun Report said recently […]
Customers want to feel what they buy is authentic, but Mass Customization author Joseph Pine says selling authenticity is tough because, well, there’s no such thing. He talks about a few experiences that may be artificial but make millions anyway […]
John Gerzema says there’s an upside to the recent financial crisis — the opportunity for positive change. Speaking at TEDxKC, he identifies four major cultural shifts driving new consumer behavior and shows how businesses are evolving to connect with thoughtful spending […]
Prominent luxury brands are scrambling to get a slice of the competitive Chinese market. The 2011 Tianjin International Luxury Exhibition was held recently, right after the World Luxury Association WLA released its 2011 annual official report recently in Beijing […]
It seems that Chinese Government is not speaking with one voice on this issue: just a few weeks after announcing cuts of taxes for luxury products, a senior researcher from the Ministry of Finance said that “Far from cutting taxes on imported luxury goods, China needs to raise duties to help redistribute wealth” […]
As western luxury brands rush to tap the Chinese market they are having to unlearn gender stereotypes associated with the products they sell […]
Spending by Brazilian tourists overseas totaled $ 8.33 billion from January to May/2011, announced the Brazilian Central Bank […]
China, already the world’s second-largest luxury goods market, will soon slash import duties on “opulent items” to encourage wealthy local shoppers to buy more pricey cosmetics, watches and liquor […]