After the breakneck pace of the past few months, what can the luxury sector hope for now? A soft landing. Image credit: Shutterstock Flight of Icarus: As luxury sales soar, how does this end?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
After the breakneck pace of the past few months, what can the luxury sector hope for now? A soft landing. Image credit: Shutterstock {"ct":"H1LS1rwSi5zUQxUElvlK0\/3LcTniIZ2QW6dUX9r23u+IWihwqObMvZzyandi45fMaxAo3FERLzp4d1LuUDvPglq\/4iNUsHwzlRCD5QLjZvTUTE+CtG+vFZrk9IMUa\/FrC\/RxXudWYHAzKqXaEiX7d\/2MewgKwGK86+9WEWpv\/4ack66GD2LG90U5o1qrAbARtk3X3H5GtvgwQqgdZwh1oxWciuK3LQq8WqOegPhkBHBpPvZQiPfrb4xXV8P5JkrLptuaejWJHwlCcgSChYTb1MaqpzHbkhnPHU848NuHOe9cni+KCZmMkoY2nPQhtB2Ll3n26ArOeJDICEjtkf\/UDKRW5yEQlbdxpNt5uhhqrj1V15ANtxf37Xc8d2R3\/FhLHT25ZMx\/H4ffUMUJWzjVWhr8DCmC0Vfiimsbyq8swKRSJ8YmLVuMgDEiH8XJJ2fCnBqt094O1z+LZ6Gq1Bl12rcAXJEeceSOgcWVlZAmPcCXEuhQ517ywSALFa9DQwVyicnjlMOqRMAA3QI6Bnuy7JbBKNa0sqW+9A9thlAw3L\/e2A1XgLJeOyIlJsvBjGxZId2SmZvwtVFV+qKH0+Ff4Jyp2fIEP\/YlvctPXIQsWujPVxN6qKaFLdOiIWbJDpSatIr33S8ljLQ8GOPqZb3SFofmJbZXIjXawUHoylA2ed7czZ8PyS6rpWbyuig2H5fPO5ZN3pEHZ7dvDEwmSDJzsPWK0B7Rt0DHQQ1ZbYM+CJfgMiiy0ImtTaue5ZxUs0RBHzyd07bHowsABcypaVC3djJbzgpw\/KQfrIJHxQl3AGcyz\/8eelj3hnDhudV1Zvy36jLQR44VgmtxEb4fRd\/PC375h2NWKG\/FOwUQbLESrBfRufy1QwEN+hEe9bCF3HGUFUFl7XUIOsfjpAEP\/aMfJe33FQCfn12+H9IGFUg4wtSoyulzCRi3eWnzgAnH7fngEPsldTffEFKMDG3lcBwPmts1kxEjzpJMcszetYZp8H3VtXxtwGRtJvuiKg+qr5Xgp0GekKuiBJ\/+IRrw9qVwla5NED+dFVd4Bac1nZ6lPBCKo8EbyW\/RcN7\/Nl6y46Y93tDuo79ga6sdsojZzNw1lH0dbsCsKaMIXd\/4stBgU4TU9fZjRjLhlGCQjjias8kD66aYm1emB\/ChwXqIJqzYfkIHR\/JLE1xmkGJ4ANpPD9Wp7Rpgm44jc9ixuGpItajcpLXsxj8EpSi0f4Yn5VBsizxXMAidzXqRj\/3wreR+Xp+I9OqPcueAQxzlKmbfJ8tFGHq7SNmaqH27AsslV8H3Ib2vYD3KYCjJJDDBa68QUrUSSvdT2QqRlfCtR1v\/meFGEsPX+0US5J8UMX\/siC1p0Z0Yi2doiD7fdOm\/AOqU7pwqjVFziH8Pp3dDKyMhcC12Kwmjh4noQtknmGxq7kXgbZBCCkvnMjhievvycfUsjgZjG9BijRFpcj+RQZq7xyFi0I8Kmt7dwoCxyPjoKhOnH4pudvBFORkMVzKYo3N9NeLpTynKxOcoPJW7\/0rvVHkKJztArmxjsfj87QvylJycvCL7rCcDOPKD5C5Hu8cyQmOEhM9az2XSEtZKsToRn2GpQLtg4UrckbUyLk7YRR603Depwh5PKzAOdLHxJXy9y0pWUacgkqj167vwvvnZre4pp6D3hpbrwkcm9vFB+GGoxkqC+KGQmZ8XeHKk1aGuzHivfl7Gq80Xje53sGvVYhvuINmaPz\/aFqtG6xKhCRyM98pFcOHmopPh7w\/C9hdjL5hAUMmTfuQpULIo2zaW9vgWZ7gpeDY6ALfSxoDoFBK5T6nysCcU\/ILYRG3tCFieLUc+hBBQpLl0ZHhULTswvLj69PQSOPHBfX6D\/6gF8bzjirlUNipU+1EafSCbmQpbBGHtn7DVxT18O+ekMd++lmwBwDPz2PKr+Ca4\/ihl\/CKLPG4Y+3bJdVSWwqtG4FJvJJMxlnyiUK986SzBOzvosiPiwaWHgIIs7f1sRdPn\/voMzsO7Hq13ip4cLsLolSz+JZPs0aHDqZ5EBpc0+hg\/fxb4lIvjeEtL\/juXJ33F6lpczSJFuKl47fXpV03g5BRabDp34pewgBpBwFcffEjc\/U\/xxQHRsDm6auWYlf33RZVfkqIvY4WY2nHHJg5OP3AzSSAie53d3I6TmQUXlDQ+4IqrlSfmmAFoOLgBjKQR\/xPWyxIq2rp8oYZrOZi9MFStfl7+rAAnBZQTswW9QZcaEhoqU\/orC806+DUZ4UePYz9oDkAzqXKiep9qCJk1qy0cBHiGQqLNEXfa\/h5CWoW7z2zY9B1aq7uXORwfqo4rQcDSoNLfwt26ZHaKMRXhjQDImwKDr8xCy2LdvCQWp9jlkVzrghXQp2oe4xDQE0mOC9kepSln+WQwYWSTthFTGjcuLtbMRBLEbtVwBPAQgPXO2Uzggp8tk4+AD5yuinN11kQNvUTJDE7OejzlC3eDHDatMZGyKGqj\/56sNJ0KeWwYFkgWrDzIHen\/0Os3Hlh7C3sH\/VosoOTLm+kXNqJC9emwBn8tqElr\/7E8khtpLPS0cZ9JGkY2Z2TEP+jtqVWs8r3aD6PTsDwt9QqJt37xBQWIyscZ\/2d6eo+L5sMBocFi6G8n+YXpi8pq5EvlVRB85qhbbEbYaw0ab9YU1+RmkGJ+BnwhXY2Knj7bTdOp0o\/CR4fPsU9Zm+iz7k71nLTKNIyRJ\/uXeqcKVKScJ1+PtMI+dKOVnFu\/vEGKpnnQgPgDsJxzpyW1P1ORg7u+xFGUWkZCGwPB+fzKO3nq6qKWpsMXgdgxjekm4HxEJ8M5qIVQcjp6b544LHRi\/2tTmTB7l33O5FGonvphf3PpBptjeoHK2iTdfsVqkpx2UoMFrR4LJHawmq5KtZx3B\/zXxlCUbM0ukkpMNAvBDAK23mKKNCTtrmkJ6J9\/ile7NSyFfhD7\/040d+uhBXpkgi9NkWJsrOoZb8s348\/66eahqVS79uzKWi\/Rf53\/je\/SVbp5o\/amVOLQ7fYhQ6O1qTmz26aR3UuaGvxI08jLjkt\/tBO5JRdTjYBeuAWY3qkQEijDbUIQbPBa28veLBx\/e+PdbYuRmfkqFL0xi0cTcSWe1WMvuGIEA6Byc+1Vf9oZA2ehd+Vxf5ym7BvuonEe8nycEjMEb8zA0mm6aEGE68amZP+K5fQ3Kq2VtMWOxdDy4ahlzk0bP9w7eZ06zJJfOxbCzmy5AjiXlGixhHZboti50fSlPXQh36fuEv5S5bM+qBfAHhRS5mWiXyQd\/F6WU\/Lgud1wqhljAtgbyKHwog4mR9Hi1jN7p7JOeOH\/y8hqbnl5WPp\/Gv7dNdAJHRWpMlKJ3HDc\/FYYJ42eM8YxZtn1JK3P5JO51rKPd7+ztNBsfjvtIu9RiOaMR9PnH7GbhVB1nUWzO\/lnW0ktpGT5vHFVF9zebp\/HwuI06lX5j6zZ9gpRMd\/jqINIaAHPh9Gm3dc2L6raD2KenvmAmOtSL1M\/FhxA+GJ0qZhDJG\/6aV\/QrmW5sXTV1HRaK+aNnPA5dEYj\/avlarSfPBl7UurixVOVRALwR1Tg7wmYmq1FpizFGXwQUBpXgTPQDB61QYjoKOaPaBy6dMuegBHCJ6H5SeCtaWNbAjRa4nd3rIRZ0cio63lmILWDmitVsNzMSGEcjGBJHoqdUmRQxgM68mDn\/f79+t3NO3n8A5UV6jx6UkZ+ZWXflUedTq+rHSeYF48OA8nd4XnbVWVf1znMhroTKYptKMa1ys4qRwcFxWRTF8psFXS0p7RBcVZCTHAwFHxfck5JSakiBIUA2E5USDNAt1ay9p8t1yCPiNdpVnZ1+BLzUwNJKXKvntMLRFPT3qt4M858Bq2AvFiNMVVzkYub+raK70Ryfm7KlD2jgEHjMKaWJLZG7zg5G4rZcoloy2J7niCwjGs3VpFpasfeJFg1t5qnd6finbtYA3kmssZTsyh5BByF2ppLmqccm4yqaO\/PRjdxiCUJZJlzkF0Rdc\/2GH0SnQxuGpOy\/m4hlcUAhjfhSd9X+Frsjtm8kUI6QJEGoAAGP6ZQg1IERU8TBsiTVKvgYJOBiM\/4P2I7yR1wgWnHXocbGAm1E\/aGR0vHHKnR3MxTfBudC\/qNIQ2AKtWKgafqd4W5OkLADXTmF3Bc2c7XAg8T3+4cWys3EDIrbm3djZ+ZVv12\/1OalRR+rIGrq2FAOz\/1xSOodw46GuZzsUmQPrSR5M8MyzamZrJr\/yMiBR+Y4TwCEIeiZhjXE8yGuiWoeryz8dyHm2iPKyOVXJp6ZaXhHbFFXqHv5kIcZnZM9AzoI3NShorSOejJ5tRsbvY6+CqzJADPBV7nBt0SJPywyZJVCMG9fbB7o0LQA7kyXR3LLds81LPKWH4kMZDsW0WABWy+4TqexRHjrfINlr9qkU9OzUeTM\/vhitTkcLveNIcF8f6LJjb7juqXYvnzrlf046SVLDp2ppaOm8MNEA\/zb1C\/IP5IXyVeoOiKz0j\/M9PdT7s\/z+cmV4elq3p7nXMzZWaHkhJz86YJNaVzfenJMu\/Tgu2UAlzn333EzAjviyuhEfuyjv28RL3xuJncjznAOfK\/H4AV0+LQgBzDBrDR8zLkQTCj0DTCzJGPZrg2igOclYfBgLouH4+iA0Q6crTUe3+mqJ995n8wPwx9\/Eluu4JYlNrgTCrKcwREUdRCL5YATnO1bfJmdC4LqFz6FC2qO2QoTpG9RkKM9Bh41mgOi9r08eaHafWGbJXBNagwshtmIwss97C3XesEs6bX8UOGe4IwVITgdxiSq6onY3Le\/BdQyzCrMezwx9PzmEhCPs5tFX9TI0bl6qgPO\/eL1Shoa77vZJCJ6ppjnSg6a7qpCP1RgcNEF9aFvqWFBgjHCtThinOXgCifG8utYv7YI2UanLI9enlxZU+OkHU\/0jxYbllSIbF1Gnjwd1ZfjLkZ+nOxvWOEGcxCgHHuTzh+p\/eBIZJdoOHvC8RTG8\/s9IMjkemSrgSL5XHAo+SVZOOoCZyHL7JKOORf\/lxOuf5qAsKPNsZ5a5Bh9xR1CVq17TYIATgMvM6M2+yH\/4E6QJmVb1PhxaL2JEpKIWOythtTQzxv8WLksGRYyvi+skz1TAcxmHBmFKNJRh89y9uUn0rQTBX5ebEpwsWrNFS\/eB29qu3ioUbMgaXxiiDKr8iGtv4EIQUhzYNz9zdpvLMXB0Q19hfylsloEk4uD6GNWdc8qQEc4nRwioBgX8A+4UF0icQ1cCYC45sNuGN9ntl8bcPHZgCXYYwxljChoKD3W+G7LsiC19jP5mAIrr2rGx9K75vjplF45ZkbIl\/HJi7yQxAEmJHnGQ+EbIenf+0\/APaP5d+O1fKNYhHjNCQP5KF1X1IrqNuw8hNanRnyjIVj6Z9BIjlDsMCFQ9Is6lPX2REnYzGoFTNw1hokzrDr+SN4k7L76ZJhg3SLn8KuQSRLz9hN4YYYf9H2+LWkHyLeYCkWCw9TMDDeqQ4\/sR5oQUAumgTTeEUMZ14307ic0y8YAcx7jVAhzWzRV10317qY3oQ0Xh9uB63DQ4\/AYhTbZkpn9fHH0WBoJlCu6vms\/5MY5Ym72FeKbrzQg6NfLyf4x5HPxqftoY+ZkCPDIlLljKVUrDIp10myBySvT03afnVJR6o82w+277gXYGc+hcJdTeBxmRhgpxytqnmW7216XFJMFb9SZ15SrJTaJDI5kDvB9AJGGR\/xebBxm1dwLowlDo3EeTL9gE+jiBkppJNBawsNl2rMaX6vQ7fnj1yGvbIDlOARTyqTV17\/lWiaYFlNL86BQI160mTSQSEXQnc0qkZdo1rNNJlnhBRI4Z\/nmHvl4RD8HM0FGadfskc3pyIeIsRaLG5Saj9au5JpTosHNTT4fhzyM+y0fgIAmEus1tWxSbUcHFqRedhdKtacGVV\/+NeDk6\/\/eIqSR4SX4VFrGvig7HjoCAEiTOC48MswOO49R9yqS\/1F44TtM385jdj3LscXK+8FS\/LavYtLficcFpV+yHwKtwQY7FPck3nr82YLtby90dTbywyuSRVTaPxB8P56rF+6UFs1urOyjLaVxeRAkQOKEd3HIcMHBmqugMLy7L1ETVed8IEaYCeuOvpU6FTCj\/6Q1\/pqC89Be9LFLApKVDl1urmFUduT7ZZYs8KFVvj8+f7ci7O6w+3v\/0\/QpswrV+kvntPNgkhF5vTy3MTAxPZrdHXBlGCamd13VJvB+XlweXDR2QYcoUgJtr+2qmE94kpvOKCDtA8lGRwcx53B30vLVZkVa0Htv7SMQUiKJ17gXdJtJkm2gtzmBKQzNdCF2rjxticEtv1XIlE4MVcWd3p7s\/pat9zb\/B1XoQvVXnqqZNzd5Hw1UWz5ECG0fV6DlA1tYrEcUksD5VlQtF5xG3cNVriVg46g1PEpNbf3RchTmoCHwdTLJPQHU4M5+9TJq6Ua\/jhLCAubUOk0tNLECSBXk0ESgWst7stXcvF7pBQMuOZPBB6xj\/lLJ12ViEyU6UaN7slJTJT+0mjcZ6oGlwIPhY2P4HkTMXyUlmZHCFq2N6M5cvT8pANwlH+8Hri7KeFh0xLM6zJu6wyRLGdKCgdndVqkZTb9MsWrj6KnmdcmUnqV7qvWRD2sf8Rhk8x3xkb9dei9VD+lA7YI9646elYUUHQyjgP7UnNIMTZm\/exJmBJyjThF5Wt9xlUu137cmrrWwbTm2Xi8YTiCyzAD89vHyqbQiOFRzNtQZTC4Tc1I60+MYCpRYdrxP2e1bCxWnvApwO9cj5s0kJtnU8IqANkn\/YPaiUE3qA5R47yY5Q\/ICcUYmcnlLKip3Cr21NeiMUcGpXEy0w7jPawAKsX0qEGd5n6EVo5ZCBE7wo1fOIExrkfw\/GTGpntCHiELQYLJ4NSVVswhuNN6Mx3x4NNkragHFZMqGh9u4baIcWWslW9I2gxxjWp5mr4myPLNSk6uPkGc2+Jq5iUJHJE+tVpsn9s+6jk3mJ47oAUzF5xXXGRLlCuxH3Xj8B3dyRxggbnHJIC2YuwbFzRiMRFihyn4+SwfCo96cXH7XsRa7W2R2jEMYvzjitefQsvggu7aA7HjDb\/Bb0vwVXo+h5opBSDi8s9bBwcmE055XoUtp5J4ZlNpYhzcGAY9gO3tAKe0hSSXrF7F4\/Nwpn+9GbVFfDIlUITghI2YXlRESJF7VkDidfgmRpQhNKAmWTLMkjo9gdNuN\/3qRERPpBvoQ3T9tlrREBorFlZTV4kbCLvjdPvJU0amOy3ktwbCG40BJDkcyJhwCKgfRNiole9F33XWrk7gA8JLy68+HxZszP28lvy+qEBqYChxOKKEF8NDNiiqLmXwWtNJ22SqqcKHfIohFDDsg0blVqycvRuomhVF+0HUVKTJuVMo6XhjpyCPDPetWlhlW+8h6VcS\/RuxZUay52Fz6ULEAEk3AMX5dhubLnwcxgUyADNzMDE13F7vb\/Gtm5JhfddGr8G14nXANEGwP8FWIZkzYaUL\/A+1RF2tVa4AF2ef0TiZGwQqM5PB8slROek9xFDkcopkNS2fv7B\/OIJhakh8hxH60peSQLCC8kbhoLi37CgRiN6IAQJO++DcPvzzRN49qd+hJLs0C+oGqFHBhBFvzGUJ1obVgsRHlxNMjdxUOhI6cRwSjl5oUVKDoa6NUicdOjc1sCQ0ibC8Lr0g+sIZ6i88c9Ulte+paEarp8TAq4JhzE7QQc6DbRNh3dUSyRUP19QWjrtiC2VJyqfECoCdBb\/zlJDHm7z82Wkz7FATDuIvtqW1YGNOOqRmy71ePgKCGpaHsIXgT\/E7DOBI1VA6Pq2EhW9SKcCHaluYpz7i5qLvxA3EEuX54CzOCnEAbLdtA8aBXOOoWpxYonEiCCo3uyBRs9ByhmXeLvBTOYc\/NNJJ40\/Qm5YLJLs4TBP1C5lU3QpWNVHOVPMNAH6hqFd38Zlo5K2jFYYuFc7dwIseRoB4ZREoxffP07hL2KbQli3j5rC1Vgb55K+47unf0adWXAivw9uz7IfO+84FXbawKTC+1fp4LyU+siKDR\/rx0rj\/PfIul9mWFSExdf5kCuAeau6MfEL+OqJ\/PTpoAEBoymtYkXlfjC0MW\/kB4\/WXfPeJPQjQcXO+HQ\/WODG6crg7Ja7lrGpldqobJ7S2xozbCDkzJudksJANRG\/vQnA1MUejxWKTKdcURqWzdLdMxP7il0CjZyPt0B+g1Bbnu50Yh\/v0rpk4c+TS8SQ3nV4+JJRQhGCWVpRCW3ikcezmIhKfEvxARYSj5lOb9eMdfeMWlDjvcEvg\/06ncqIkfkp811byp6CehUFgQYgUThWLe+gjv8OdJkXr6Cy2DbNiCq7bKbGnqu6Fi+pbGUo5jyscVZT5TfjVsqnwGj\/jBxZOdxSZed6hzWNB8a3ZaFNt6znJtshs\/AmRx7q2o3nELbWTeZnM2AuYTBWmkVnIS5bNX5IHBV7Eb+y8C4Owl8iEAL5EF0zpjCve3J6p0KxQHTuWs7QlcLqOPB+ncG8cPoURYNX2bSu9pLIOJupn7ByYRTS7aQIRjieHTWWENOsqGGQvCt9\/t9vxDa58UoKTGXYz+gFweov7T4fzMWPNHnW7TtAF+SdC\/rzDmKpGTXKzbjVlrY1+QeReivPAo7MFPwm80E6DZQ21Zu6kmLCtP6llXmUeRJUrTobOyYGr5AFG6r2seRApHg+EacINOuuIn8E8MzJWQMCUta8M5LifdcEFl637pqz3QN3i7DmrOPsjf45OyfHOkhKUwisPouq1oVxKXElWuoNx7D8iVIjGPg5M0o7bzzzzQkwtQEbX+scSfSVGDmuVSfAGxMiwTjBQge5LETzizCX8ru+g4\/9Gx9XKVK8RVcC4PFGr0jVhI6YnF1R2k3tarU+LMqJoLmdvcYbei18vA7nrDPl98+Xnd+jtqsWwCr+ObOmgjpStF0zAA9MvOv5iqyLVFbN\/rDQZV2zrZLg9r3bHeEUHyVxeHC58gH98ZrEpoAB0G\/HSj3QHgJWsexIZ6RMLJIQxaZ4piknKgwXCMmS+1bVen\/dMqWHhdunKkZU8VTEal+RboEAtU15c\/ZDqQfEAdkDCoz0lTy8iENWlqzoxTIIrR0lD+iDIs+4e86OInSC2HTdjaisgJIqXknunkgEa0092s81rGQqPup93Vmtj7\/XmWIw0vCfyH1gTVjtKcSeXq\/0pig==","iv":"fc6bd7de19e5af25839910e377ebf7c9","s":"6be91b00b4dcab01"}