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 ?
E-commerce will continue to boom and become a major channel for Chinese consumers to buy luxury products in coming years.
Commenting on this endorsement Shikar Dhawan, who on March 16, registered his name in the record books by scoring the fastest century on debut in his maiden test against Australia said "It gives me immense happiness to associate with Rodeo Drive Luxury Products Pvt Ltd, the first luxury boutique in Bangalore and housing the best of the luxury brands and bringing in complete customer satisfaction at the best costs.
But don't narrow the vision of luxury products to sheets, comforters and duvet covers," he said, adding that Croscill has had tremendous success with upgrading its offerings in decorative pillows, valances and mattresses.
This research has identified the emergence of a new affluent consumer segment, which is using a more contemporary set of brand values (such as innovation and authenticity) to make luxury product choices
In reply to a question, he said it is difficult to catch fast moving communication technology for luxury products.
Each report focuses on a specific vertical market or end user industry In this case Luxury Products, which covers a range of product categories:
23 May 2017 - US-based home decor products company FirsTime Design Ltd's board of directors unanimously approved the company entering into final negotiations to acquire US-based product distributor InnerSpace Luxury Products, the company said.
NuVenture Holdings, the leading high end luxury Products Company and owner of the top online luxury product website, nuventureonline.
The objective behind purchasing such luxury products may also be different, like self-indulgence or as a status symbol.
A market which is waiting to be plucked by Luxury products.
We are very pleased that our strategy has been endorsed by early success in our dealership, which we believe will be built on and make the northeast one of our key markets both for automobiles and other high end luxury products.
OmniReliant's business model is to bring affordable luxury products to market via direct response, live television and retail distribution.