All Articles Tagged "luxury sales"
(nymag.com) — Rich people really are shopping again! Today LVMH reported an 11 percent revenue increase for the fourth quarter, thanks to increased demand for Champagne, watches, and jewelry — all categories hit hardest in the luxury-goods industry in the downturn. Sales for the three months ending March 31 totaled $6.2 billion versus $5.26 billion in the same period last year. With a comparable structure and constant exchange rates, that’s an increase of 13 percent.