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Expensive shoes sell best in times of crisis
01.10.2015 5066

Expensive shoes sell best in times of crisis

The luxury goods market, as the most stable segment of the fashion market, grew by 3 percent last year and amounted to 224 billion euros, in the coming years it is forecasted to grow by another 4-6 percent. According to experts, expensive shoes and luxury handbags are best sold during the crisis; the retailer makes a small margin to reduce customer churn and keep the total number of purchases. By 2019, the apparel market is expected to grow within 60%, while the footwear and leather accessories market is expected to be around 150, which proves the profitability of this business.

The luxury goods market, as the most stable segment of the fashion market, grew by 3 percent last year and amounted to 224 billion euros, in the coming years it is projected to grow by another 4-6 ...
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