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April 26, 2024
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Research

Bain’s expectations for luxury market rebound overhyped, analyst claims

October 25, 2010

Consumer demand is still too low for luxury goods to facilitate a full market rebound

 

By Peter Finocchiaro

Consulting firm Bain & Co.’s declaration of a complete luxury market recovery was overstated as the United States economy is still encumbered by low consumer demand for high-end goods, according to Pam Danziger, president of Unity Marketing, Stevens, PA.

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  1. What marketers must know about luxury consumer tiers today
  2. Dior goes for gold with flashy J'adore campaign
  3. Africa's millionaire population to jump 65pc by 2033: Henley & Partners
  4. La Mer appoints first male brand ambassador
  5. Double-digit growth streak continues at Hermès
  6. LVMH launches 22 Montaigne Entertainment
  7. Luxury Unfiltered: Reinventing luxury in the age of AI and Gen Z
  8. Richemont unveils plans for Watches and Wonders Geneva
  9. Sofitel leverages local ties in new campaign film
  10. Burberry brings Monogram collection to Saks with takeover
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