We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Apr 14, 20244:03am

Luxury sales falls in the third quarter for the first time since 2016

The decline of Hong Kong and Japan’s will harm global sales according to a report of Bank of America.

Jan 14, 2020 — 6:06pm

 Luxury sales falls in the third quarter for the first time since 2016



Luxury is not as strong as in the past. According to the monthly report of Bank of America, luxury goods’ demand dropped 0,3% in the third quarter of 2019, influenced by the decline of Hong Kong and Japan’s demand.


In the rest of the world, instead, luxury goods’ demand stayed steady in the third quarter, especially in Europe, where it grew 5,1%, and in the United States, where it has accelerated the last months.


The report also pointed that France, UK and Italy will continue to have a sustainable growing for the last term of the year, between 10% and 11%. In Northern America the expectations of growing are expected in 5,7%.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment