The luxury market in the Americas is also starting to really feel the full impact of coronavirus disruption. A decline in vacationer spending did not seem to have had a lot of an impact in the first two-and-a-half months of the yr. But the optimistic development we saw for the majority of the quarter is already coming beneath intense pressure as most gamers shut their American stores. Given the fast evolution of the scenario—and the probably pace of future developments—there is a high diploma of uncertainty in regards to the forecast and our related modeling for 2020.
Advertising & Sales
Federica Levato () is a Bain associate, leading member of the Luxury and Fashion vertical and coauthor of the Bain Luxury Study. Stefano Fenili (), Fabio Colacchio () and Filippo Prete () are senior members of the Luxury and Fashion vertical.
Taking Action: What People, Corporations, And The Business Can Do
Across industries, executives have begun reassessing their methods and repositioning their companies to thrive now and on the earth past coronavirus. Claudia D’Arpizio () is a Bain & Company associate and leader of the agency’s Global Luxury and Fashion vertical.
With the pandemic still growing, it is tough to predict accurately its full impact on the broader economy and the posh business particularly; its evolution and length will rely upon the response of particular person governments and populations. However, we are able to at least begin to assess the quick economic impression of the disaster. Sales could fall up … Read More
