Luxury Industry Trade Shows: What Will it Bring This 2013?
2012 has been a tough time for the luxury industry. Why? Well, because of the recession of course. Most people think that the luxury industry is recession-proof. This is not entirely true. Rich people, like all of us, get affected with the downfall of our economy too. This has been proven by the latest recession, when the luxury industry experienced a big drop in their sales.
This 2013, the luxury industry is hoping for a better market outcome. After last year’s recession, there has been great changes in the trends that the luxury industry is following. In the short-term future, these are some trends that will rule the luxury industry:
- Prioritizing value. Since 2012, more and more people are placing their bets on value. This year, people will still continue to buy handbags, watches, bracelets and many more however they are now looking for more affordable ones. Even if they still are after designer bags, they are now checking the price tags. Their aim is to buy more affordable products that has the same quality.
- Rise of the online market. People still love to spend some time going to establishments and choosing their clothes. However, they just wish to do this from time to time. With the fast paced lives that we are leading today, no one has the luxury to go to stores and shop that often. This is why there will be arise in the online shopping in the succeeding years. This year, online shoppers are expected to double in number. The challenge for online businessmen is to enhance the transparency of their shops.
- Love for Made-to-order items. Now that people are looking for value, most of them are expecting more. Uniqueness is included in their expectations. They also want products that are tailored to their needs.