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Luxury
(redirected from Luxury product)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
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.


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oThe global pearl industry is now just a small fraction of the luxury business but if the players could set up a structure that will allow them to consolidate their strengths, pearls can be marketed as a distinct luxury product that can rival the popularity of other gems like diamonds,o said Rabbani at the conference sidelines.
Shearer was president of the luxury products division at L'Oreal for the U.
Launching during a pivotal time when high net worth consumers are already familiar with purchasing luxury products like cars and vacations online, there are currently no safe online sites for consumers interested in purchasing fine jewelry or high-end timepieces.
 
 
 
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