Wednesday, October 30, 2013
The Numbers Have Spoken – Luxury Beats Necessity!
More recently, same store sales (SSS) growth rates for US luxury retailers have averaged around 11% in the third quarter of 2013, higher than SSS growth for all US retailers combined (6%). Similarly, the Dow Jones Luxury Index is up 18% year-to-date, while the S&P Global Luxury Index has a year-to-date return of 23%. Read More: COH, KORS, PVH, RL