Global luxury market shows growth
19.05.2014 5836

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

Latest News

Adidas Fined in Turkey for Pigleather Shoes

Adidas has been fined almost 15 euros in Turkey for failing to inform customers that its Samba sneakers contained pigleather on their toes, Fashion…
14.02.2025 356

Giuseppe Zanotti Presents Sandals Collection in Sensual Photoshoot

Italian luxury shoe brand Giuseppe Zanotti, after 30 years of brand development, returns to its roots with the release of elegant, timeless models of women's shoes. The brand's new spring-summer '25 collection includes sandals, open-toe shoes,…
14.02.2025 226

STREETBEAT Releases New Sneakers For Football Fans

The silhouette of the new STREETBEAT Jogo sneakers is inspired by retro boots and the football community. The brand's team rethinks the style of football fans of the 80s and 90s and presents the new product in a photo shoot with brutal guys from a modeling agency…
14.02.2025 249

Italian sneaker brand EXTR4 at EURO Shoes

The new Italian sneaker brand EXTR4, founded by a group of young designers and fashion enthusiasts, is conquering the hearts of Europeans. Buyers in Italy and Central Europe have met the brand's lightweight, comfortable models with great interest. The first collection…
13.02.2025 1444

Men's Pitas moccasins - at the Euro Shoes exhibition in Moscow

The international shoe exhibition Euro Shoes in Moscow presents a wide range of shoes and brands from European countries. The variety of styles presented includes such a popular option for men's shoes as…
13.02.2025 1357
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning