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 ?
Navi Mumbai, India, April 08, 2015 --(PR.com)-- Market Reports on India presents the report on " Clothing, Footwear, Accessories and Luxury Goods Specialists (Retailing) in India: Market Snapshot to 2018." Historic and forecast sales value for the Clothing, Footwear, Accessories and Luxury Goods Specialists for the period 2008 through to 2018.
* Among the Top 10 companies, three are conglomerates participating in multiple sectors of the luxury goods market; two are cosmetics and fragrance companies; two are jewellery and watch companies; two are fashion companies, and global eyewear leader Luxottica is the only accessories company.
If you are involved in the Personal Luxury Goods industry or intend to be, then this study will provide you comprehensive outlook.
The minimum revenue threshold required to enter the world's Top 100 list of luxury goods companies in FY2017 was US$218 million, up by US$7 million from FY2016, with an average company size of US$2.47 billion.
The minimum revenue threshold required to enter the world's Top 100 list of luxury goods companies in FY2017 was $218 million, up by $7 million from FY2016, with an average company size of $2.47 billion.
Richemont, ranked second only to French giant LVMH, has recently focused on online sales, a booming sector in the luxury goods industry and where China is seen as one of the most important markets.
Top five cities, with percentage of luxury goods and fave designer: 1 Liverpool, 61%, Ted Baker; 2 Belfast, 57%, Ted Baker; 3= Brighton, 56%; Yves Saint Lauren; 3= Plymouth, 56%, Chanel; 3= Southampton, 56%, Ted Baker.
According to Bain and Company's "Luxury Goods Worldwide Market Study," the global luxury market is estimated to have grown to almost 1 quadrillion and 530 trillion won in 2017, a 5 percent increase from the previous year.
Backed by Tencent, Shefenqi is China's e-commerce platform with installment financing for luxury goods and services.
Terrorist attacks abroad can many times inflict widespread damage, and their effect on global luxury goods is no different.
Summary: Deloitte said Monday that there was still great potential for growth in global luxury goods in the Middle East and most notably in the Arab Gulf states.