- Prices of luxury bags in China have been stable or increasing. Prada has raised prices 7% since the beginning of this year.
- In Switzerland, prices of Rolex and Omega watches are up 3%.
- Search interest for luxury in the UK, Italy and Germany saw a steeper decline in Q1 2020 relative to the same period in the previous two years.
- In the UK and Italy, the search popularity of major luxury eCommerce platforms fell to the lowest level since Q3 2017.
- However, the UK and Germany saw an uptick in search in the first week of March.
Luxury Bag Prices in China
Luxury Watch Prices in Switzerland
UK: Google search interest in luxury eCommerce sites
Italy: Google search interest in luxury eCommerce sites
Germany: Google search interest in luxury eCommerce sites