Rieker
Global luxury market shows growth
19.05.2014 4984

Global luxury market shows growth

The global luxury market in the first quarter of 2014 increased its growth rates. According to analysts from the financial company Aforex, the market growth in the first quarter of the year was more than 6%, and the volume exceeded $ 65 billion.

This year, the growth rate of the market as a whole may also exceed 6%, experts say. The main contribution to the market growth was made by the USA and Japan, where demand is recovering due to economic stabilization. However, in addition to traditional markets, the countries of the Persian Gulf are also gaining more and more growth - thanks to consistently high prices for hydrocarbons, the demand for luxury goods in oil-rich countries is growing steadily.

In 2013, demand from the Middle East grew by more than 10%, and the cumulative share exceeded 7%. Until the end of the year, the market will feel quite confident, despite the obvious problems in the global economy, according to Aforex.

The global luxury market in the first quarter of 2014 of the year increased its growth rate.
5
1
Rating
Euro Shoes Exhibition

Latest News

Lockdown for fashion retail in the capital will begin on 28 October

The Moscow Mayor's Office gave a number of clarifications on the operation of shopping centers in the capital during the declared non-working days - quarantine for Covid-19, according to which, starting from October 28, all shops except pharmacies should be closed in Moscow shopping centers, ...
22.10.2021 365

Giuseppe Zanotti has released a collaboration with American skater Evan Mock

The friendship between the Italian fashion house and the American skater and Gossip Girl star Evan Mok led to the creation of a joint capsule collection, which was named ...
22.10.2021 225

Rendez-Vous opened a store in Cyprus

Rendez-Vous, a network of multi-brand footwear and accessories stores, again announces the opening of a point at a foreign resort popular with Russian tourists. This time, the chain store appeared on the island of Cyprus, on the first ...
21.10.2021 244

The "Honest ZNAK.Business" application now has a scan function without authorization

The Center for the Development of Advanced Technologies has expanded the capabilities of the Chestny ZNAK.Business mobile application. The developers have implemented a new scanning function in the application. Users now have the ability to scan codes in the marking system without ...
20.10.2021 233

"Lockdown" announced in Russia from October 30 to November 7

Russian President Vladimir Putin approved the proposal of Deputy Prime Minister Tatyana Golikova to introduce non-working days in the country from October 30 to November 7. Non-working days are announced with payroll. This measure is forced due to the growth of ...
20.10.2021 1727
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning