Forecast Report

Forrester Analytics: Luxury Retail Forecast, 2018 To 2023 (US)

ForecastView Document

February 27th, 2019
Michael O'Grady, Principal Forecast Analyst
Michael O'Grady Principal Forecast Analyst
With contributors:
Susan Wu , Sanjeev Kumar

Summary

The US personal luxury retail market is growing healthily; luxury sales grew by 3% in 2017, while online sales grew by 19%. eCommerce drove 44% of luxury sales growth in 2017. Digital influence and online sales are changing luxury shoppers' habits. Through examples and extensive reference to retailer data, this report provides context to the Forrester Analytics: Luxury Retail Forecast, 2018 To 2023 (US), as well as guidance on the key challenges that luxury retailers face.

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