Forecast Report

Q1 2020 Global Luxury Retail Overview

ForecastView Online Luxury Retail Market Q1 2020 Overview Explores The Impact Of COVID-19 On Luxury Retail

August 25th, 2020
Sanjeev Kumar, null
Sanjeev Kumar
With contributors:
Michael O'Grady , Xiaofeng Wang , Reineke Reitsma , Himank Joshi

Summary

In the Forrester report "July 2020 COVID-19 Retail Scenario Planner (Global)" we forecast the impact of COVID-19 on retail globally. This report explores the global impact of COVID-19 on luxury retail and luxury eCommerce in Q1 2020. Luxury retail contracted by 17% in Q1 2020 globally, but online sales showed strong growth. This report also investigates category-level impact, geographical impact, and emerging trends.

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