2011 | Luxury Sales Will Rise
Posted by Greg Weinstein | Filed under Home, Lifestyle
2009-2010 are looking like a weak years again for the luxury item industry. But experts predict that by 2011, sales should be back on track and the industry will thrive again. When we say weak , we only mean a 5-10% decline, but in monetary form that still comes out to millions and millions of dollars. So tell your significant other that they might have to wait a bit longer for that LV or Gucci item, you know, because of the economy and all. I’m sure they won’t mind.
At least we all can afford to go to the next page…
Many economic experts predict that this is a long term plan and by 2011 sales should be back to normal, or even higher than before. Scilla Huang Sun, who controls a $30 million fund for Julius Baer, says “I don’t think it’s dead because I think human nature will always be attracted to nice product and nice brands, the question is when will it be back to the level we saw in 2007.”
The winners should be the mainstream huge brands, such as Gucci, Burberry, Prada and Louis Vuitton.
So, sorry hunny bunny.You’ll be getting that 12 piece matching LV luggage set next year instead.
