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Oct17
No Such Thing As Slow Economy in the Luxury Fashion World
Luxury-Economy.png
There's all this talk about a slow economy, but for major luxury fashion groups like LVMH and Burberry, things appear to be smooth sailing.  This Times Online article reports that Burberry hasn't been hit by "the gloom on the high street" and that the company will stick to its forecasts. 

When you're dealing with affluent consumers, I believe that there's no such thing as a slow economy.  It just doesn't exist in their world.  They'll continue to spend money on luxury goods.  Even your average "middle-class" consumer still yearns for that designer handbag at the expense of possibly missing a mortgage payment. 

Has this so-called slow economy stopped you from shopping? 

4 Comments/Trackbacks




Slow economy, what slow economy? As long as there are great new styles in fashion, women will always want to look good. Now if we are talking electronics thats really gonna feel the burn of a slow down. lol

» Coutorture Salon: Luxury and Accessibility from TheRunwayScoop
The Definition of Luxury According to the dictionary, luxury is defined as: 1. Something inessential but conducive to pleasure and comfort. 2. Something expensive or hard to obtain. 3. Sumptuous living or surroundings: lives in luxury. kmmad Ever sinc... [Read More]

» The Economy and Fashion from TheRunwayScoop
Not too long ago I wrote about how there was no such thing as a slow economy in the luxury fashion world.  Although at one point the thought did cross my mind that we've entered the modern 1930's, I believe... [Read More]

» No Stress For Vera Wang from TheRunwayScoop
Vera Wang at FIFI Awards in New York CityBack in October of last year I wrote that there was no such thing as a slow economy in the luxury fashion world.  Well, it looks as if Vera Wang feels the... [Read More]

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