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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 ...
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.
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]
The personal luxury goods market is facing a significant slowdown in 2024, marking its first major decline (aside from the pandemic) since the global financial crisis.
The Luxury Institute is a premium goods and services research, training and consulting firm based in New York City, New York and Boca Raton, Florida. It has the largest global network of luxury experts. It has conducted more quantitative and qualitative research on affluent consumers than any other entity.
The top five luxury watch brands in the country are Rolex, Omega, Cartier, Vacheron Constantin, and Breitling. [8] In a confidential report titled "China Luxury Market study 2010" in November 2010, the management consulting firm Bain & Company noted the top three luxury brands in China are []], Chanel and Gucci. According to the report, watches ...
Higher inflation fears gripped financial markets at the end of last week following the latest read on inflation expectations from the University of Michigan Surveys of Consumers. One-year-ahead ...
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