×
429
Fashion Jobs
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
THE BANYAN HR CONSULTS
Head HR For Garments Manufacturing Company at Chengalpattu, Tamil Nadu
Permanent · Chennai
IUMENTAS LIFE SCIENCE
Veterinary Sales Manager For The State of Assam
Permanent · Guwahati
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Plastic Manufacturing Company| Umbergaon
Permanent · Navsari
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Polythread Manufacturing Company| Ranchi
Permanent · Ranchi
ENGGSERVICES2INDIA
Production Quality Manager - Immediate Requirement
Permanent · Bengaluru
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
METROPOLIS HEALTHCARE
Territory Sales Manager @ Mumbai
Permanent · Mumbai
GTROPY SYSTEMS PRIVATE LIMITED
Direct Sales Manager - Faridabad
Permanent · Faridabad
METROPOLIS HEALTHCARE
Territory Sales Manager @Amravati/Nagpur/Aurangabad
Permanent · Nagpur
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Delhi
Permanent · Pune
RAJ RAJESHWARI SPICE FOODS LTD.
Area Sales Manager/Senior Sales Officer Required
Permanent · Bareilly
PARK RETAIL MARKETING PVT LTD
Job Opening For Area Sales Manager
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Rohtak
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager - Diagnostic / Healthcare
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Vijayawada
RELIABLE CLOTHING PVT. LTD
Opening For Business Head (Garment Export)
Permanent · Mumbai
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Hyderabad
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Kochi
RISHABH IMPEX
Area Sales Manager
Permanent · Northeast India
NATURES ESSENCE PRIVATE LIMITED
Area Sales Manager- Punjab(Ludhiana)
Permanent · Ludhiana
By
Reuters
Published
May 25, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

World luxury goods sales growth seen modest this year

By
Reuters
Published
May 25, 2016

Global sales of personal luxury goods will rise this year but only moderately, with higher spending in Japan and Europe compensating for flat trends in Asia and the United States, an industry report showed on Tuesday.


Mazza Gallerie


The sector - including fashion accessories, homeware, jewellery and watches but not cars, yachts and fine art - will grow no more than 2 percent this year, according to a study by consultancy group Bain & Co and Italian luxury industry association Altagamma.

Japan is expected to be the fastest growing market for luxury goods this year, with sales seen up 5 percent, helped by spending from incoming Chinese tourists, the report added.

Sales in China were expected to rebound after three years of decline, but Hong Kong and Macao will struggle to grow.

"Growth year on year is always more restrained but the sector is performing better than almost all the other industrial branches," Altagamma Vice President Armando Branchini said in a statement.

A strong dollar and uncertain consumer confidence ahead of presidential elections is expected to weigh on demand for luxury in the United States, while local spending will outweigh a slowdown in tourism in Europe on the back of security threats.

Cosmetics and leather, shoes and accessories will be the best selling product categories this year while so-called hard luxury, represented by jewellery and watches, will not grow.

In coming years, the luxury market is expected to keep expanding at an average annual rate of 2-3 percent, mainly driven by growth in China.

"All eyes are turned towards China, key in guiding the relaunch (of the sector), and on the recovery of the United States, where currently local consumption is not able to counterbalance the absence of tourism spending," Bain and Co partner Claudia D'Arpizio said.

By 2020, Chinese buyers will represent 34 percent of overall consumption, helped by more than 40 million new middle-class consumers, the study added.

At the end of 2015 the market was up 13 percent to a value of 253 billion euros (192 billion pounds). It grew 1 percent at constant exchange rates.
 

© Thomson Reuters 2021 All rights reserved.