Full Recovery in Luxury-Goods Sales Unlikely Before 2011
Sales of luxury goods, everything from apparel, to jewelry and leather goods, are likely to fall globally by 8% this year, to about $227 billion, according to a revised estimate.
The forecast, to be released this morning by consultants Bain & Co., narrows the global decline that Bain had forecast six months ago. In April, it predicted a 10% world-wide sales drop for 2009, citing its expected first-half plunge of as much as 20% followed by stabilization in the second half.
via Full Recovery in Luxury-Goods Sales Unlikely Before 2011 – WSJ.com.