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Luxury Goods Retailing in the United States 2008
Mintel, Jan 2008, Pages: 86
This report differs from other Mintel retail reports in that it looks primarily at companies involved in manufacturing and distribution, rather than pure retail companies. For specific data you will find:
An excellent discussion and analysis of three luxury sectors: fashion and leather (including apparel, accessories, and shoes); perfumes and cosmetics; and watches and jewelry
- Unique sales data for the 25 leading luxury brands (US and global), as well as an estimate of the total market for products discussed
- Extensive discussion of strategies currently in play, with primary focus on the seven market leaders
- Advertising spend for leading luxury goods companies
This report will help you understand the luxury goods market and where opportunities exist:
- Why this formerly “recession-proof” market is a little less so today
- An understanding of where growth will come from in 2008-10, taking into account the complex cross-currents in the U.S. and global economy, and the value of the US dollar
- How household income exerts an hourglass effect on the luxury market, and why this has been a problem for mid-tier department stores like Macy’s, Nordstrom’s, and Dillard’s
- An extensive look at consumer motivations to buy luxury goods, and why cutting corners has created a risk for the industry
- How much consumers say they spend on luxury, brands purchased, and stores where they buy
For the purposes of this report, luxury goods are defined as premium branded products including apparel; accessories; perfumes; cosmetics; jewelry; watches; and some home goods. Other luxury products such as automobiles, art, wines and spirits, food, electronics and personal services are not discussed within this report.
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