Luxury

(redirected from luxury Products)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

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 ?
After having formed strategic alliances with several European, American and Japanese name-brand luxury retailers, as well as making available a collection of the most comprehensive and newest limited luxury products worldwide, Secoo.
Dubai is not only a business hub in the region, but it is also considered a top market for luxury products," he said, and adding that TAG Heuer always prefer to launch its luxury products in Dubai to target high-end market across the region.
It might seem irrational that each year Americans spend over 250 billion dollars on women's luxury products with an average woman acquiring three new handbags a year, but conspicuous consumption is actually smart for women who want to protect their relationship," Griskevicius said.
The VeryFirstTo Luxforecast is an on-going survey which celebrates innovative new luxury products and experiences launches.
Some wealthy clients spend around $200,000 per season on luxury products, he noted.
In a related move, Kerry Diamond, beauty director of Harper's Bazaar, has been appointed vice president of public relations for Lancome, reporting to Edgar Huber, president of L'Oreal USA's luxury product division.
When people feel a connection with a brand and its lifestyle, they are automatically interested in buying luxury products," said Deichman.
LOreals luxury products have tapped into consumers individualistic needs
2 Clothing Luxury Product and Technology Developments 2.
Forecasts show the country's online sales of luxury products increased by 30% to between US$4 billion and US$6 billion in five years.
Because the area is renowned for its world class shopping, we believe that 450 Park Avenue will be singularly compelling to those retailers marketing luxury products or other high-end merchandise," Consolo said.
com/research/09802a/the_international) has announced the addition of the "The International Market For Brand Protection Solutions For Luxury Products & Beauty Products" report to their offering.