Kazakhstan Is The Next Luxury Gold Market After China.

Kazakhstan, a country with abundant oil reserves, attracts many designers and retailers around the world because of its proximity to Caspian Sea and Russia. Saks Fifth Avenue will open stores in Kazakhstan in the autumn, and Hermes, Louis Vuitton, Eskander, Ralph Rucci, De Beers, Rucci, and other brands also landed in the market early in the morning.

Next Luxury goods Gold market Kazakhstan

These brands regard Kazakhstan as a fat meat. A.T.Kearney's eleventh global retail development index has ranked Kazakhstan as the nineteenth most retail country in the world this year. Only 5% of Kazakhstan's luxury goods sales come from tourists, which proves that local talent is the largest group of luxury goods buyers. Local residents often travel abroad, so they are very well aware of luxury goods. Brands such as Alexander McQueen, Giambattista Valli and so on have been stationed in Kazakhstan four or five years ago.

according to Kazakhstan According to domestic data, wages in 2011 increased by 7.5% to $532 per month, while those engaged in finance, insurance, science and technology, mining and other industries were more than two times the national average. High wages are not the only reason why Kazakhstan people buy luxury goods. On the other hand, Kazakhstan people pay more and more attention to their personal image. Especially women make their social status through luxury brands.

Cerruti, J Brand and other brands regard Kazakhstan as an important market. These brands often advertise in fashion magazines and have very high recognition in the local market. Men in Kazakhstan highly value tailoring suits, so many high-end tailoring. Suit Brands are also rushing into this market.