Luxury sales are expected to continue to increase into spring, 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.
“We expect strong luxury sales in March,” said Greg Ellis, retail and luxury strategist. “Although the sector’s growth has been rocky over the past year, high-income consumers who traded down and exercised caution during the recession are beginning to indicate a readiness to return to their luxury brands of choice.”
9 March 2011