Articles – Luxury Goods
BAIN & CO.: GLOBAL SALES FOR LUXURY JEWELERS, WATCHES TO FALL BY 18%
Worldwide sales of luxury goods are expected to decline this year by 8 percent to US$229 billion (€153 billion), reports Bain & Co.'s 8th edition of its annual "Luxury Goods Worldwide Markety" study. The company's findings do not bode well for the jewelry, watches and other hard luxury items category, sales of which the study forecasts will decline by 18 percent.