In 2014, the world level of consumption of luxury goods will continue to grow, according to a recently published study Altagamma Consensus, prepared by the Italian fund Altagamma, Russian Jewelery Network reports. According to the forecast of 16 international experts of the sector, in the current year, sales of luxury goods will increase by 6%, demonstrating stability compared to 2013, when growth was 6.5%.
"In particular, 9% growth is expected in Japan, 8% in the Middle East, 7% in Asia, 6% in the US and Canada and 4% in Europe, for the rest of the countries the average growth rate will be 7% , - commented Armando Branchini, vice-president of the Altagamma Foundation and one of the authors of the study. - Accessories, jewelry and watches will become the most actively growing segments (+ 6%), followed by clothing (+ 5%). Altagamma Consensus suggests that the average profit of companies operating in the segment of luxury goods will grow by 7% compared to 2013 ".
As for the sales channels, the main growth driver will be retail stores, including due to the worldwide trend of converting points of sale in department store, franchise, travel retail, etc. under the direct management of companies.