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  2. Luxury goods - Wikipedia

    en.wikipedia.org/wiki/Luxury_goods

    The luxury goods market has been on an upward climb for many years. Apart from the setback caused by the 1997 Asian Financial Crisis, the industry has performed well, particularly in 2000. That year, the world luxury goods market was worth nearly $170 billion and grew 7.9 percent. [24]

  3. China’s wealthy shoppers have a new mentality—and it’s ...

    www.aol.com/finance/china-wealthy-shoppers...

    Just a few years ago, China was the darling of luxe spending; from 2017 to 2021, the luxury market in the country tripled in size. Shoppers were obsessed with conspicuous consumption, and China ...

  4. The global luxury goods market is forecast to shrink in 2025 ...

    www.aol.com/study-says-global-luxury-goods...

    The United States is the second-largest luxury market, following Europe, worth about 100 billion euros ($106 billion), or nearly one-third of all global high-end sales of apparel, leather goods ...

  5. The luxury goods market has created its own crisis, and it ...

    www.aol.com/finance/luxury-goods-market-created...

    It expects the global growth rate of the luxury industry to be just 1-3% between 2024 and 2027, with China and Europe, once the centers of luxury spending, contributing less to that expansion.

  6. Luxury goods of China - Wikipedia

    en.wikipedia.org/wiki/Luxury_goods_of_China

    In 2012, China surpassed Japan as the world's largest luxury market. [2] According to a report by McKinsey in 2019, Chinese consumers are the engine of worldwide growth in luxury spending [3] According to a report by Bain in 2021, China's luxury spending is expected to reach more than half the global market value of luxury goods by 2025. [4]

  7. List of largest consumer markets - Wikipedia

    en.wikipedia.org/wiki/List_of_largest_consumer...

    Below is a list of the largest consumer markets of the world, according to data from the World Bank.The countries are sorted by their household final consumption expenditure (HFCE) which represents consumer spending Values are in nominal terms in United States dollar and adjusted for Purchasing power parity (PPP) in constant 2021 International dollar in nominal terms.

  8. What will be trending for luxury real estate in 2025? This ...

    www.aol.com/trending-luxury-real-estate-2025...

    The luxury real estate market's sales ratio percentage dropped from 22.3% in 2023 to 19.4% in 2024, representing a shift from a seller's market to a balanced market.

  9. Mid-luxury - Wikipedia

    en.wikipedia.org/wiki/Mid-luxury

    Coach handbag; Coach is often cited as a mid-luxury fashion brand.. Mid-luxury is a term applied in the U.S. market to fashion, vehicles, hotels, apartments, and other consumer goods and services, for brands that are not as expensive as luxury goods, but more expensive than mass market brands.