The Business Hero

The global luxury handbags market is expected to post a compound annual growth rate of over 7% during the period 2019-2023, according to the latest market research report by Technavio. A key factor driving the growth of the market is the high influence of celebrity endorsements on purchase decisions. With increasing number of fashion-conscious consumers , the fashion industry has been experiencing rapid changes and advances over the last two decades. Endorsements and the use of fashion products such as luxury handbags by celebrities serve as catalysts in propelling purchase decisions. Currently, manufacturers of handbag and personal luxury goods are adopting different marketing campaigns and strategies to expand their consumer base, brand image to trigger the sales of luxury handbags. Online advertising is also an essential part of marketing strategies, wherein, vendors often sign multiyear endorsement agreements with high-profile celebrities to enhance their brand ...

The world’s most aged society sets new records . Japan’s elderly accounted for 28.4 per cent of its population and 12.9 per cent of its labour force in 2018, both record highs, government data released on Sunday showed. The number of citizens aged 65 or older in Japan, which has the world’s oldest population, stood at 35.88 million, up 320,000 from a year earlier, according to the Internal Affairs and Communications Ministry, which released the figures ahead of the country’s Respect for the Aged Day on Monday. The ratio of seniors in Japan remained well above the 23 per cent in Italy, the world’s second most aged society. The number of Japanese aged 90 or older reached 2.31 million, including 70,000 centenarians. The National Institute of Population and Social Security Research projects Japan’s elderly will make up 30 per cent of the population in 2025 and 35.3 per cent in 2040. The proportion of seniors with jobs increased for the 15th consecutive year as the country faces a ...

The Dow and S&P 500 booked gains on Friday, logging a third day of gains in a row, on the heels of the government jobs report that showed hiring slowed in August. The Dow (INDU) closed up 70 points, or 0.3%, while the S&P 500 (SPX) finished up 0.1%. Both indexes alternated between gains and losses shortly after the opening bell. The Nasdaq Composite (COMP) was the only major index finishing in the red. It closed down 0.2%. The Dow Jones Industrial Average advanced 394.18 points, or 1.5%, to 26,797.46 this paseek, t wwhile the S&P 500 rose 1.8% to 2978.71, and the Nasdaq Composite climbed 1.8% to 8103.07. Those gains followed last week’s 2.8% rise in the S&P 500 and marked the first two-week winning streak since July. Friday morning’s jobs report showed the United States added 130,000 jobs last month, missing expectations and providing further evidence of a slowdown in hiring. Private payrolls grew at the weakest pace since May. Wage growth, however, grew 3.2...