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Company Insights
Burberry Group Plc – Digital Transformation Strategies
Burberry Digital Transformation Strategies Overview Burberry Group plc (Burberry) is utilizing several emerging technologies such as artificial intelligence, big data, social media, and cloud, among others to improve operational efficiency and customer service, fight counterfeit products, and drive sales. The annual ICT spending of Burberry was estimated at $79.5 million for 2023. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. Burberry manufactures, retails, wholesales, and markets luxury goods. The company provides...
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Company Insights
Innovation and Patenting activity of Burberry Group Plc Q4 2023
GlobalData, the industry analysis specialist, has released its latest company patent databook "Innovation and Patenting activity of Burberry Group Plc Q4 2023". The databook highlights patenting activity of the company in terms of growth in filings and grants, regions protected, impact of various themes, sector applicability of technologies protected. It provides contextual analysis of technical peers, their strategy, dominance (Grant share) and their recent activities. This is an on-demand databook that will be delivered upon request. The report will be...
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Sector Analysis
NewLuxury Apparel Market Size, Trends and Analysis by Regional and Category Performance, Brands and Forecast to 2028
Luxury Apparel Market Report Overview The luxury apparel market size was $201.6 billion in 2023 and will grow at a CAGR of more than 5% during 2023-2028. In 2023, after two years of impressive growth propelled by pent-up demand post-pandemic, the global luxury apparel market began to taper as economic challenges in Europe and the US began to hit aspirational shoppers. However, the luxury apparel market demand will pick up again in 2025 as inflation rates begin to stabilize and...
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Sector Analysis
United Kingdom (UK) Accessories Market Analysis, Trends, Consumer Preferences and Forecast to 2027
United Kingdom (UK) Accessories Market Report Overview The United Kingdom (UK) accessories market size was £5.9 billion in 2023. The market is expected to grow at a CAGR of more than 2% during 2023-2027. Even though inflationary pressures led consumers to cut back on fashion spend due to higher prices and less discretionary income, the high presence of luxury goods within the fashion sector allowed accessories to achieve slightly stronger growth than clothing and footwear. UK Accessories Market Outlook, 2023-2027...
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Thematic Analysis
Connected Consumer in Retail and Apparel – Thematic Intelligence
Connected Consumer in Retail and Apparel Thematic Overview The connected consumer has been created as a direct result of other themes within the retail and apparel sectors. For instance, the Internet of Things (IoT) has transformed the way that retailers and consumers interact. It has allowed retailers to track previously untraceable behaviors, such as tracking coffee replenishment needs through a Bluetooth-connected coffee machine to a retailer’s app. This has raised the bar for the connectivity that consumers expect from retailers...
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Thematic Analysis
Social Media in Retail and Apparel – Thematic Intelligence
Social Media in Retail and Apparel Thematic Report Overview The apparel and health & beauty sectors are increasingly adopting social media platforms and influencer marketing to promote their products and becoming purchasing channels. Adverts and paid partnerships with celebrities and influencers, especially on Instagram, are used exhaustively by apparel and health & beauty brands to expand their reach and appeal, especially among Gen Z shoppers. The purchasing preferences of these shoppers are greatly influenced by what they see on social...
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Company Insights
Coty Inc – Company Overview and Analysis, 2023 Update
Coty Inc. Company Overview Coty Inc. (Coty) produces and sells fragrances; color cosmetics; and hair, body, and skincare products through its subsidiaries. The company markets its products under various brands, including Adidas, Escada, Kylie Cosmetics, Marc Jacobs, Hugo Boss, Vera Wang, Burberry, Calvin Klein, Covergirl, Gucci, and Max Factor, among others. The Coty Inc. company analysis report provides key findings based on market analysis and brand diversification by industry and geography. The report also details deals and partnerships that benefit...
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Sector Analysis
Europe Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027
Europe Luxury Retail Market Report Overview The Europe luxury retail market size was $109.8 billion in 2022. The market is expected to grow at a CAGR of more than 5% during 2022-2027. Since pop-up or concept store formats have lower startup costs and contribute to better brand recognition, European luxury retailers are investing in them and opening new stores in famous retail areas to increase their market presence. Moreover, luxury retailers are incorporating sustainability into their long-term strategies to tap...
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Sector Analysis
Middle East and Africa (MEA) Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027
MEA Luxury Retail Market Report Overview The MEA luxury retail market was valued at $16.9 billion in 2022 and is forecast to grow at a compound annual growth rate (CAGR) of more than 3% between 2022-2027. The popularity of the Middle East as a tourist destination combined with government initiatives that incentivize luxury businesses has driven growth in the region. Furthermore, Rising affluence among African nations such as Morocco is also contributing to the growing demand for luxury goods in...