Forecast for Luxury Goods is Sunny in 2015

by WatchReport

Forecast for Luxury Goods is Sunny in 2015

rolex

The turmoil in Asia and the uncertainly of the Swiss franc have not dampened the enthusiasm of the luxury industry as a whopping 90% of marketers are planning expansions for 2015.

Wealth-X surveyed marketers for more than 1,000 luxury brands including everything from clothing and watches to autos and boats. Respondents were almost uniformly optimistic with 43% planning new launches in just the first quarter and 16% opening new stores. Much of that expansion will be focused on the U.S market which many marketers see as the new emerging target for luxury goods.

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