In 2020, 63 percent of professionals of the luxury industry thought that corporate social responsibility (CSR) was one of the biggest challenges companies in the sector were facing. Many of the respondents (41 percent) also picked winning young customers as one of the main challenges. Customer relationship management (CRM) ranked last with around 20 percent of luxury professionals considering it a major challenge.
What are the most important challenges the luxury industry is currently facing?
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Other statistics that may interest you Corporate social responsibility in the luxury industry in France
Energy consumption
7
- Premium Statistic Share of renewable energy used in Kering's operations 2020, by region
- Premium Statistic Energy consumption of Hermès Paris 2018-2023, by type of activity
- Premium Statistic Electricity consumption of Hermès stores 2018-2023, by geographical region
- Premium Statistic Greenhouse gas emissions of LVMH 2016-2022, by business group
- Premium Statistic Greenhouse gas emissions of the L'Oréal Group 2005-2020
- Basic Statistic Distribution of Chanel's carbon emissions 2019, by source
- Premium Statistic Carbon intensity of Hermès 2018-2022
Environmental impact
8
- Premium Statistic Waste generation of the L'Oréal Group 2005-2020
- Premium Statistic Waste recovered by the LVMH group 2018, by recovery method
- Premium Statistic Waste production of the LVMH Group 2016-2020
- Premium Statistic Water consumption of the L'Oréal Group 2005-2020
- Premium Statistic Industrial water consumption of Hermès' activities 2010-2023
- Premium Statistic Packaging given to customers by LVMH 2020, by material
- Premium Statistic Environmental profit and loss intensity of the Kering Group 2015-2020
- Premium Statistic Environmental profit and loss of the Kering Group 2020, by impact area
Supply chain compliance
4
- Premium Statistic Share of sustainable raw materials used by the Kering Group 2020, by type
- Premium Statistic Traceability of raw materials used by the Kering Group 2023, by type
- Premium Statistic Supplier compliance rate at the Kering Group 2019
- Premium Statistic Audits carried out among high-risk suppliers by Chanel 2017, by business category
Diversity and equality
7
- Premium Statistic Gender parity in Kering's workforce 2021, by hierarchical position
- Premium Statistic Share of women working for the L'Oréal Group 2022, by type of position
- Premium Statistic Gender pay gap at the L'Oréal Group in France 2022, by category
- Premium Statistic Share of women working for the LVMH Group 2022, by business category
- Premium Statistic Gender distribution at Hermès 2023, by position
- Premium Statistic Number of disabled employees at the L'Oréal Group 2015-2020
- Premium Statistic Share of people with disabilities working for LVMH 2017-2020, by geographical region
Perceptions
4
- Basic Statistic Main challenges faced by luxury companies according to professionals in France 2020
- Premium Statistic Driving factors for buying sustainable luxury goods worldwide 2019, by generation
- Premium Statistic Opinion on luxury companies being more sustainable than other brands 2020, by region
- Basic Statistic Opinion of French customers regarding the trade of animal fur in 2022
Further related statistics
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- Opinion of luxury professionals on the inclusion of minorities in France 2019
- Number of luxury stores in China 2015
- Opinion of luxury professionals on future luxury pricing model in France 2019
- Luxury goods purchased in China 2010, by intended purpose
- LVMH Group's revenue in the U.S. 2008-2023
- Mainland Chinese demand for luxury goods 2020
- Luxury good item collaboration purchases worldwide in 2018, by generation
- Breakdown of pre-owned luxury good purchases U.S. in 2018, by product type
- Global preference for made in France luxury items 2014-2018, by product category
- Global airport personal luxury goods market share by category 2015
- Share of the personal luxury goods online market worldwide 2019, by product type
- Luxury brands in China in 2012, by perceived uniqueness
- Key receptivity moments for young luxury shoppers in Russia 2018, by age
- Share of net sales of Safilo in 2022, by product category
- Forecast: sales value jewelry stores US 2008-2020
Further Content: You might find this interesting as well
Statistics
- Opinion of luxury professionals on the inclusion of minorities in France 2019
- Number of luxury stores in China 2015
- Opinion of luxury professionals on future luxury pricing model in France 2019
- Luxury goods purchased in China 2010, by intended purpose
- LVMH Group's revenue in the U.S. 2008-2023
- Mainland Chinese demand for luxury goods 2020
- Luxury good item collaboration purchases worldwide in 2018, by generation
- Breakdown of pre-owned luxury good purchases U.S. in 2018, by product type
- Global preference for made in France luxury items 2014-2018, by product category
- Global airport personal luxury goods market share by category 2015
- Share of the personal luxury goods online market worldwide 2019, by product type
- Luxury brands in China in 2012, by perceived uniqueness
- Key receptivity moments for young luxury shoppers in Russia 2018, by age
- Share of net sales of Safilo in 2022, by product category
- Forecast: sales value jewelry stores US 2008-2020
IFOP. (December 18, 2020). What are the most important challenges the luxury industry is currently facing? [Graph]. In Statista. Retrieved June 08, 2024, from https://www.statista.com/statistics/1132517/most-important-challenges-luxury-companies-according-to-professionals-france/
IFOP. "What are the most important challenges the luxury industry is currently facing?." Chart. December 18, 2020. Statista. Accessed June 08, 2024. https://www.statista.com/statistics/1132517/most-important-challenges-luxury-companies-according-to-professionals-france/
IFOP. (2020). What are the most important challenges the luxury industry is currently facing?. Statista. Statista Inc.. Accessed: June 08, 2024. https://www.statista.com/statistics/1132517/most-important-challenges-luxury-companies-according-to-professionals-france/
IFOP. "What Are The Most Important Challenges The Luxury Industry Is Currently Facing?." Statista, Statista Inc., 18 Dec 2020, https://www.statista.com/statistics/1132517/most-important-challenges-luxury-companies-according-to-professionals-france/
IFOP, What are the most important challenges the luxury industry is currently facing? Statista, https://www.statista.com/statistics/1132517/most-important-challenges-luxury-companies-according-to-professionals-france/ (last visited June 08, 2024)
What are the most important challenges the luxury industry is currently facing? [Graph], IFOP, December 18, 2020. [Online]. Available: https://www.statista.com/statistics/1132517/most-important-challenges-luxury-companies-according-to-professionals-france/