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(Wall Street Journal) — In just a year, the luxury-goods industry has gone from bust to boom.  Strong sales of bags, clothing and perfume during the crucial holiday season could boost the luxury-goods industry to near-record sales, according to a Bain & Co. study to be published Monday, as the sector rebounds from a 2009 decline that was the industry’s worst since it began consolidating in the 1990s.  In its annual study of the luxury-goods industry, Bain projects 2010 world-wide sales of as much as €170 billion ($237 billion) if sales increase 10% during the holiday period. Even its worst-case scenario—only 2% holiday growth, resulting in annual sales of €167 billion—would be a significant improvement over last year’s 8% decline to €153 billion in sales. The industry peaked in 2007 at €170 billion, according to Bain.

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