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CommentWire
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Following a weak end to 2008, when turnover fell by 9.7%, Bulgari is likely to reveal a net loss for Q1 2009, as the global luxury jewelry market contracts in the wake of current economic turbulence. Moreover, as a general economic recovery seems unlikely, the outlook for 2009 remains bleak.
Published By Datamonitor
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20 Apr 2009 |
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Expert View
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Tiffany has joined other luxury goods companies in declaring an improved performance in the last quarter of 2009. However, this apparent evidence that HNWs are beginning to feel more confident in the economy may in fact be more accurately attributed to investments in tangibles.
Published By Datamonitor
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26 Mar 2010 |
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Expert View
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Luxury group LVMH and other high-end companies have excited the market, having posted positive financial results for the first half of 2010. However, questions remain as to whether this is reflective of responsive business decisions or the fact that affluent customers lost less than the average consumer during the recession. Furthermore, it remains to be seen if this growth is truly sustainable.
Published By Datamonitor
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10 Aug 2010 |
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Expert View
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Despite a weak like-for-like performance, LVMH reported marginal growth in a tough economic climate for the first quarter of 2009. While LVMH is in a stronger position to weather the storm than some rival luxury players due to its strong brands and extensive geographical spread, sales are likely to decline further in the year ahead as the economic downturn shows little signs of improving.
Published By Datamonitor
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23 Apr 2009 |
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