Following four months of positive consumer intent to spend, luxury sales are expected to rise through the month, according to Kurt Salmon’s Luxury Spending Trajectory.
The proprietary index, which tracks high-income consumers’ intent to spend, has been highly correlated with luxury same-store sales growth over the last five years.
“The luxury consumer is more confident than the lower-income consumer and significantly less likely to be worried about job loss at this point. This, in combination with pent-up demand, translates to more robust spending,” said Greg Ellis, retail and luxury strategist.
26 April 2011