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Essay

A murky outlook for luxury goods

Essay specific features

 

Issue:

Business

 

Written by:

Helen M

 

Date added:

September 13, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

24 / 6687

 

Was viewed:

6306 times

 

Rating of current essay:

 
Essay content:

The terrorism attacks and the immediate and severe depression of tourism and air travel proved to be one crisis too many. . "The luxury goods sector tends to be quite recession proof because people who buy them have secure jobs or are wealthy anyway," Bryan Roberts, a senior retail analyst at the research firm Mintel International Group Ltd...
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"But Sept. 11 had a massive impact on a number of big global brands. They are very reliant on tourism for their sales, at retail outlets in airports and at larger tourist destinations. A number of businesses were severely hit, with sales down one-fourth to one-third in the fourth quarter." . The drop in sales was so extreme that the three largest global providers of branded goods ?X LVMH Moet Hennessy Louis Vuitton SA, Richemont SA and Gucci Group ?X have either reported or are forecast to report substantial declines in profits for the financial year that includes the fourth quarter...
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General issues of this essay:
A murky outlook for luxury goods Abercrombie &Amp;Amp; Fitch: An Upscale Sporting Goods Retailer Becomes A Leader In Trendy Apparel India's growing prosperity opens up a new market for luxury-goods firms Indian luxury goods buyers set to treble by 2010 LVMH: Diversification strategy into luxury goods Lvmh And Luxury Goods Marketing Lvmh: Diversification Strategy Into Luxury Goods Met North Energy Corporation: 4 Year Net Profit Projections Why Do Only 27% of Small Business Owners Report an Operating Profit From Their Web Site? Top ten percent rule in texas Brand Positioning: Luxury Watches Leasing luxury - Clubs as alternate warrantors for durable goods Percent Mass of Copper in a Penny Less than one percent measuring percent oxygen in air
 

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