Luxury

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Luxury

A good or service not considered essential. Examples of luxuries include massages, gold watches and sail boats. Luxuries are often, but not always, fairly expensive. Luxury industries tend to be fairly prone to hard downturns during a recession. For example, if one is concerned for one's own job security, one is less likely to splurge on a massage. However, some luxury products, such as custom yachts, are considered recession-proof because they only appeal to the ultra-wealthy, who remain wealthy even in hard times.
References in periodicals archive ?
com)-- Luxury goods comprises of products such as accessories, footwear, apparel, watches and others which are quite expensive and target those consumers who belong to a premium class.
aspx) 2012 study by Bain & Company 6 the Chinese make up 25 percent of the luxury goods market.
Clothing, Footwear, Accessories and Luxury Goods Specialists (Retailing) in India: Market Snapshot to 2018' contains detailed historic and forecast retail sales values of India Clothing, Footwear, Accessories and Luxury Goods Specialists.
The 'Luxury Goods Worldwide Market study' conducted by Bain and Company, an advisor to the global luxury goods industry, also pointed out that the UAE commands about 60 per cent of the luxury market in the region.
Apparel, Accessories and Luxury Goods Retailing in Latin America to 2016: Market Guide" provides in-depth detail on the trends and drivers of the Apparel, Accessories and Luxury Goods Retailing market in the Latin America.
Complete report on luxury goods market (retailing) in Asia Pacific spread across 82 pages, mentioning 10 companies, covering 12 categories' information for 12 countries and supported with 80 figures is now available at http://www.
The 11th edition of the "Luxury Goods Worldwide Market Study," was unveiled at a recently concluded conference hosted by Fondazione Altagamma (the Italian luxury goods industry trade association).
Apparel, Accessories and Luxury Goods Retailing in Asia-Pacific: Market Guide to 2016" provides in-depth detail on the trends and drivers of the Apparel, Accessories and Luxury Goods Retailing market in the Asia-Pacific.
com/prnh/20130307/600769 Despite economic turbulence in developed markets and currency devaluation in emerging markets, growth of luxury goods is projected to remain positive over the forecast period.
Apparel, Accessories and Luxury Goods Retailing in Europe to 2016: Market Guide" provides in-depth detail on the trends and drivers of the Apparel, Accessories and Luxury Goods Retailing market in the Europe.
com/research/znd6g8/global_personal) has announced the addition of the "Global Personal Luxury Goods Market Report" report to their offering.
com/research/4j8wsm/apparel_accessori) has announced the addition of Canadean Ltd's new report "Apparel, Accessories and Luxury Goods Retailing in G20 to 2016: Market Guide" to their offering.