Business Coaching: Is the Luxury Consumer Back?
Looks like Louis Vuitton purses won't be on sale anymore.
According to this week’s Bloomberg BusinessWeek, high-end retailers are back to selling full-price items and not doing as many promotions or discounts to attract customers.
According to SpendingPulse data, the prices for U.S. luxury goods increased 11% this March from a year ago. Pre-recession, the average price of a luxury handbag was $2,000; last year this decreased to $1,600, and this year that price increased to $1,800.
With the luxury market seemingly on the rebound, this would appear to be a good sign…yet unemployment rates are either stagnant or decreasing still.
With this new data, does this mean businesses can start — just start — to exhale a sigh of relief? Business coaches, would you advise your clients any differently with information about the luxury consumer and the potentially changing economy?
Business Coaching | Stephanie Sims | May 7, 2010
bettering economy, business coaches, Business Coaching, economy
