Luxury Goods Retail - International - August 2019
The global luxury goods market resisted some major headwinds in 2018, with ongoing political and economic uncertainty in a number of the key markets, as well as a decline in the population of High Net Worth Individuals. In spite of these challenges, consumer demand has remained robust and the leading players have continued to perform well. However, a slowing global economy could subdue demand going forwards, which will create a more challenging environment for luxury goods brands and retailers.
Samantha Dover, Senior Retail Analyst
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