Looking Up - Is the luxury market dead in the water?

This edition of Looking Up states that the luxury market is still viable and will do okay in the recovery marketplace but the 'mass luxury' market with struggle.

Looking Up – Is the luxury market dead in the water?

The answer is no. The luxury market is recovering already and will do okay in the recovery marketplace. However, the 'mass luxury' market will struggle.

Upscale consumers have suffered wealth losses like everyone else. Their equity portfolios and real estate declined, too, and job losses in this recession affected a broader range of industries and people than had been the case in past recessions. The finance industry, for example, saw traders laid off alongside admins. While banks are back to paying big bonuses, the industry remains much smaller.


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