Retail
January 18, 2018
Affluent consumers commonly trade up and trade down their purchases. Image source Rolls-Royce
By Danny Parisi
NEW YORK – Many of the problems that caused luxury growth to stagnate over the last few years are challenges largely created by the business itself instead of outside forces, according to research from Boston Consulting Group.
{"ct":"xtSQKN+MoG7WCQscsvcVLS\/WyUbGVcC55YRvU7dvz8i8COgLTmWfh5vutRptC6TIqseltLqxgu7uSREEVdItI7B0QbLe13dEgt5\/C1Ep8ol7cmcfsIH4w2eznm8uS5UwA4LkKLKE\/og6W0ZtpBQOVd\/Mtw5Ty8R8rUpUPGZhCRzI9rT3R0K\/SWrnUTNd15Pux+l1zXw0OSyyZfr5kbOtZShsQSDbcMNilL9MGRstpre\/J42z9D6wSt4xXO3WA\/KNjQVHCukBjajNJezm9Xi0\/0d1UcLwipfLouwhOKvJQRBN9Tl8qTC3A6XJ+\/tYDO7adeRWyqNyoAFJCGviJ+kenunw7Jcf4qjwMqjdFp9Z8qnIrQgS5YCuEKkijfWw4HCd24rUXuwyyaLC05G\/5zbeXRCtfTYuyyyzmFd1QT1sinc\/ocsctLIhIEyFNFF6DzMeXRi6UbaifQB\/A3RHxFPH\/2XlusBWOlm6qscy6nMrI9qdgq1dU6+Y0r5TCOE2aOVt7VZP7L8R70mDm\/5SJfqEMU7WwB8VNOeVttPtPph4vs+Gg80s2IQ5+ZwntyAelzEvkxeaSMwIG7BSOsPTmrVEopeJ7wMjBxJW6OpNyKDzK19IA2ZEvexLln6rzOoRZVvQMesgOGCThfIdPq2qU2dVvL5XG7wmzu4jOQvuraAkjoI8PvTEGv+6Cj7urp+a45XQZtrcSK8rlykKXzlMD0s5WtQZ\/tOc31CZeZD+tDY1EnU8G\/5o+ZA+SctcnhugGtKCMHCnH\/DyOTI59YERsu7djTk1sz3nKRvOl96BLboVxBaAu4LCXcjpuMd9SvHzyjskzG6zwUK1mPurp5o7n+OoM1VQeNP715xvxRw2dsSn55I3F7cYzXDPh+eAAWpc06dXgzOXhFteJBbXfYMhd8MbotSwc5hBO1H6dMphCVoySRfok8sUeHdHfllT6KzQe8ak9WXyylQhYj9XdiK3O8a9qY0I0xHhfs11yjAuZoh+4XwpMXbd2F5bs97KiWoTnQbRoyCndoQdnqdmXUsiCZApzQgJc+5AP+5klUAqV0gCS437lk22g+VevowK0ZSR2DUJUi6x5yDNoMaujvLr8cZ1ukoaK7LdgqbVYRndhYEL0JYBv2LrQ50M6fYNn0cziPpav2dwprbLnrlCGiMsfOUmgzIU+X6eS6aurvA7TxKHJliXbdttUEKRJVAga\/ekmEgjwk02okR+hFMSRG2FCI+5A1EJoH3Yw+I9cbpEea6SIpRq\/E\/jlpjHQy5XZAdwVuWQuvZc\/Nu\/MqiaYso1T0FyFJ3BRpIam3pdMdrThOngSA44je71lnq83Oeb+B5aHCD24YXiH372v0BzFTZfrltacB6ZMDeVPGJModOHrwWtgqhAxUhdEOI4dgFK5DPGHwnZpLUnXa8FgK0U8566Z7XqZTHuV47p\/rRu\/7o4GRTIdTCQyxrEBu6iM9cZMrOWc+TCT5DdvqEYDQKMRCNssNtbUACdEzkkKlhDYE33gRZy\/\/WivEWcLrR79lKyX\/SGZdGDu4hW\/qbu0tA9fh7V5RpwKbAXR6\/V3ClWnhEaeXA66PK4ywy6dekme374M6ysQfcCpBSKZRwPLSedjAdrmlipVSSpErRRIeHbRELQMm2gU3wHTo4INqe0Tjss9LNHWZNMTHfxj+cvo\/IF9e+O\/2PqPPXoz+DK6CJ9+DCfnEqTMciydc5SnwMq2V\/AVmAYjt4yuI4rgWxaZxFCDVs04tYay5DFvUZPRrpL7Gf9KpApx93We6yekFiRJNygj8\/31Dw4npeJfBOi4OFyF7WeuHPgVSVXlulvNTqRmgfsScc6OG1Bhq5VQzrBGs79WI7khwsMLNbho4M3vqQl69hQaL0ngHgnz3ABAyuFMO2UJZtBH6BZDbZG4ZjZQZfVdMthQb11bb5qXeMyepTJu6wTtUtRLWH1jfA\/dnuq6wpUieU8H4O0TSumvuD\/0uOwJt7WvlEK\/xNo6IWHwAjHpG\/U+lp5oTpl4FNpxI9LZ1RzpYdOABS+vDsNHADVxvUS40eDr6eef3T9NiUbPfPQEQOFDLtgSR6G3LA1f1goV4guYZqRe3mWl0j2TmczCsTgJCmgb3YzSmNGV5dorXBnl9P9srsSWPujaxNWMtLe\/DWlsCXmat7BGOSrUR0Epk2a+xHFZ86WeVmzBeZaQeKelgwhhIStx3chMHgIyP6kri\/EVC2aIYbaR8JmvpxbpKkY7WhUSC+J\/DHL4j3U8iDwnAWv4c+QVGDTuHfj2KPrysq\/UcwSkKV+FJHZ0h6Ne8DOCFF7axKvUi22athYa7c80eG\/IvUqU37DQqEgmQ1ikA93Ew1VaxUrosGuIh+KwJ6MvkdZMu0Cvn1mT7Yum8589ZT8xwwl3xGIAEV\/vcq\/hkIgY3+AafmzxApmG7nlxC3xKfW2mWFDUke6epQ8iGkiJtPJhaazJIV4AU72zsAxq9lCZgSASbrXDmhakTYN51EhB6OSbJ5a9Ne9wkj61UFetVAFUTArndkcxjWZjOX3a2AwqMAgZvl0+a6Nw2kep4jD4vCygu7BfJLBnwT2IGRdku9o6FBLUztsO2Se5\/X9itHtVOxsw587Xuc6P1ELqHlpnVs\/kOwHrI6zMBhTavQFLRT0o\/CE4zuQ\/CheBpJSHYCY7hUueiZHh8k5ShFEcPEzXH3+JeLTRMUUykBQnP9olCGL90X0AyXV4P0eJ8tG\/MeRVnNBjKG2ejkU+mznf+UHPrtsLHqH8BSQseYGrcsXwcNzDwTxz16E6BA98OcGPB2QdnEcyNex8205\/PmNLsv\/SUdg9xAFkfdomGBpIVyIjugce\/LZf4C\/8NxV9ImfNo0oi0PrC1X6A+NaRMwcqWiYiMnTzBnkVbrGRbgoaWeuGCalMNpDndhJBro37BKSJSbBCDYZkhDzAXziXheeZX1EI9QpBViepZ2aO7aToo1JqrQpPt1+MESg0SLFqWl4TfP7nQZyO6WBQtK3nWmrxiI1H68weWTeQpYpnzlbaxA3oQBqtbjVyjo10KtfytskjzivWzFgwJoYdQJ2uqYI9gdYXxo0uSgyIZ9jxo9Lwa4wjHLzUvKELuTqkvKjf+3KfIzVLBRAcZaBG5chPwv\/JX8wrIB58GKdGNB45I1g7kn5Uc\/EGEjP412EUQJt1bl8JizIwtPOkOiITepmQhQe4bN5nFnKxm5n7JT+wSDY0JwK7WQIFB++u979gRq11cpMNPpWrY2GTFkfd4tH+WYOrWCIMAeRztB4HpVev6ifSI4iERJzeJ1PZvLefnMFybT0fpdiMGD+i+Tu2otOrxFD9wY\/qPwC9nw4lTfbNFSf6GvHjDXhROk8zMVSbR8vlTgKDIqxSGqKqTe+nTN2MN+ttYVfOCi4I4\/J6xVBKv\/1F+kxhaaaa2DfwawkAY6CT7Zk2RSuGSrmrwx0RKL8HL6W0xRH39ymQQG76efOZB95lMVj7z5pBeJTReF3vmo8aVaqH6pPUvA\/2wBTvoiA2E\/t1AtBlUshmnBmMYMNRpWHT1PPlT8dXu+KE8Tjv0kVSvsU+aUBCgTDsjV9KokqxTiD8qIVTozLMAF1o5k0cc+AayO5m8xkf0ppTiqz6+Lf+mSLI0xXxTGtqQKyqlUeUhd77CSO+CDcSchFowIXqyxU+JvC7NleOJAPERxyU8LlJXbnTcxzGGc1X0ngd12MvLUnsfCV2IeQhWl4hwyXD3tTdO8OqtCrqpNENBJty+UFr+6RJMvdQQ+E2o3WHT7UlmWAmTO\/jwF074PZYxLKoye9dHCDVBFKHOZTlY7DK5xXU+J4G\/RFEKynj+wl4y6yXSg\/upUsaHZyYk6M1RTwjL9+Nkqhlnxbk4X1AcI+QNvlDJXlwy6fvxDv60e1xLlnXDNj2TfoZglwjmf0D9NquNIDcrv0bB4qIpknMorDsxgqsi75nzMj5jCbpv8fqDU+H5n+gpbh55Yabkk+dJhTE0JGFzNSDgcvg0o96z\/bVJ1+HJZ1\/o1UIR1De7U8AuzYssyVAhGqmmX9xzRe\/TX3xQHRee4Lz9a\/zJW+FYDdQ6YYRYDzfMmak6lyYAeg+n\/roowWh3yJz+bF5pj5hJXMLUNoDEeodcbgfNMW8iNJpHPCeFhVM+bTmuGfgXUUh1E8wR4BAMVsPY+Lv+8LpTEW9ojzVJ88C5XGcEUQTKJlz7EW6bawtwCT3T4NYYYdNke3sDWOyAVnsuRXTRMFPbo5b\/nFjm6oB5g6sBq9wNMC3FK2NiHj6z6quUJzZiOcqALliHD0bG11DwplIP7t4LaNOy+nw4\/ohkYrCQV\/URU9zjfJRNm3B8Ne13MceXfSBBTBjLIElgAtgpf5mKU2bgJftZEK2QcC4jDfRycVN3y2Jd7uE4O35rUtj6LU2FjLNxa3o5szGe+wkbG9Zc6EEbel70Lz7v8Lj+NQORxEoUlwVwhqNy\/HJgDjNNqvUiA\/tkfiEuWtP66gStynh5jZzlpxJncYZVZxt6j5ecotoy6JBfHTNrpUp1y16fPYTs5Jth3XEeJFf+mGxZSrOBOAc\/UQxbtmqRCDrPq7QErTaakPnao72ydf\/3H54UjXE3Ok0LtlGIFTe2BZZq3YRfNSDWNiHEPpRC17GdHlggX2AKnLCoLThQkN6akP\/8gjdyfjHpo0OMbxV3yK1dFzwggqVI+OWpGPyKmfvnK9MHOD0uXC8gBltCn4I6bxaIQHVi9q1CdjoLt1n\/e2lBadBs8N7bWWt3hjL9DBtz8K3qluMNtnGRDx6WCjEgls18N3fC6bQtLOVhMfBoWoZ5vF3PAlyMbSk4nHmOCjFBbnf8YCxJpIjKJKbVlgTKwfUwFJPpaWrYYLKALgYdPfJ2HwyMBHTtuyJ5DvfFZzPHQFrY3oVAfyse9ndEksq8SnkTV4NB3wgIgwKghkrhFslyh8m6ZSx6czp4aSzCDLM\/l6xCuccjQKjkUmCy97d90F7Kq9toB\/a2Fc4YDV86v3JX8brFN5UFY6V6P+w2WZVrNcheP4r0u7kqioaZPhiz9vJ6TBpSIESgcciLiDS3dDtHeS2wo\/WG2NHmbTT8ILTytGyNiuc6OTDP9AdfS3jhWQnQIijCork2iBdWmNg829\/mGLrUfA5HKuZUKwdbkQebL6CdUb2m3UV1uqenreRzSLIuq9CqScXqMh5hkOWYUjasabR75ovSHlC\/TO1prDAlEmoHOYZMx6X89qmRS+oT\/uxXfVi3QBqS3+yoU+LITmK2dgk8GP7\/72fK9PCVjUd6jZE4xbP9E4ym01aFo4undGBFcge0xCN58D8U08JDOyHl79BILgS88JL4I8YapdszkxnikWEq8xLrre6fYT3LYjcHoojwW8rMhEdLkjuVgxw4G\/vAmcJc\/mAvXKc4w+AR+sWlkb909qtOJFumX3biMQlVH7KoMCUjRcY9gwGIiBnoHPM50UtIXYV63x\/10qNaJam\/MjKUYGDYzuori31aCmRvvJXD0FbQk0X\/P1Vp0gNRWQ7ENmiiE5420wBsxrAxc0FEoIa\/9vKWaChv580g9k27zGhCtlsSI\/HuW7F4TS0r6XJHRSDMommk5GEIdDz79UYnOzcrFcxbsE3TCcDaawiIV8qnZiF3FFEHDyatemYmTvU91wytE6q8HwGrIHGhVmRCa2K7JpuOMg4odz\/vjyeZUtJnbTLvoSk6a7fiIL6jhB37rpa8KsOW1oB42ym\/inZ96DYp69L6vFzwBbxLbjRDc6rxdG290OpevRSsTTaPPCaK2a+rnvCoqHJ0aCzrLf\/hWpRDYmS2yP+wa1t5B\/Y8hxjkZJ5RTJmw937y0jwgerqRpXXADGAW+IigRxvL6x2I8m7VIIhC5IEYRj40gNGyNaDzuQfiJ0UKDxH677aMFwa1QDi5MYxVjSRZu+PvhnPuZOrfAYaEa5of8WUR5ho\/RuOGfQqjhurdmxhpRWNgo59leUv9JYo0Gy4QPzcQKZjDIfARkPHmOl4tB9SyWngxipYXLuQrGxZ4oQ3enwACnZw4KaFmMIijfEK97hXnIvJNyXaABauQx3GmV9u\/b1m\/hCXg3DmtSeGiYnJ1luu0AQlm4heC0sHEq+KG5Pmf94xCDOJ06AZ4A8gzWzPZUo1nXutjHKKvwqQuo2hTw7I38Cp04cjzUioVs3EMf6W1OSctbTA+zh6BNlmpgIFxsnxtKUV57LxamGOEFnTfTnLvuUy9xPZx1opJbqJjITopB111h\/dxJn26WqEc0Wn2j8Ul3uTb3jsk0NnmuqbJeUBxldcHD9j+S3IvCy0xZh9pKi0\/3iku1SNWA+CagzftxgkRAdvwekAovQZoi7KSXe0795dpcTQauZfnvXzpMOROgm2F0eBvLbh9SEXl4iExq+x\/CLv4LZKzKHiPUEe5C4CPNaCFKDVHbaid97OhRMiftN9J8OgqUskigRtvFfsBrISiGBAIulM1\/t4RR48ZHO0ZWXHbkW3kQmiJkBk9mtn\/iI9faiR969cbiUVpArBsuPnVYgFn53sVoP2nZGWQmkrxSZNUCS6DXq44lB2GsCGmQUwMthNL0ZADugd+QfozbjsEbayoBHT0Z9M1ZPZKfFJq28cgJb6d\/rPa1MNv3yhfwcZSD4nj0tqU755CocrfAmD7r7Qpo7GjCM6ekbVSBGZ+gfbxQi64sL3UfquKnUmQuWb1U3\/Gtk8oN024hBWOXmoRKyD2q0fLMB1W90Gz5txRLI5LDVpglLcRrUXw3NFCM+93+AHmt6PFtlXs9zk0QvA5Jp2QReNoXWDwcwJQiCYQrC2e\/tihG0HA4uFA3dBT6T47tmvk5Fm1HOSx2bnfCPLQ\/nWLXWdvT4qD8EV\/iUOh1IVmLlrDnS\/laCzX9SL3PIv5g2akMbBlgjX35U59Cc0urGSeKgderZYuPk4iah+sr6r4wOe2ywLOc25PSO4qwANVkSeFHpX\/X+EjwovnGuHsixpAIxGaEXKbOeaQkgMdcsRIKnuYaazztMgPG4CeMa1gHiKxH0FhF8LUV39CNbflI3yoaIIgQdf7zplZUj7Kz\/AgblGexwJeItj4pjGyxGkbhpnCpPyrSB8ypgdYZafwcVyEDTFBKxWjhBDAPMFPBOEnnfEpIG\/oIniYLVREmAg7c3EOeYjI+DwoWkY3VO0OA\/\/TgPf+ujoXgSDzYvcz+dvB90tR8soEVC2FSxObAJj68OACX3snIDZsi+ZLCcutXXdSIYwt950Y7rKDA6W6yLmXA37+Y2GoIQDEF2EHy91zM4YoGWj4QHCEirbCK4MYM7Xp8Fv0Zw8qE44MOvp1q\/wIHCQmaiquRH8J7jck3hsfOPyZACsRDIJxXqVjlK1HlroKb7\/nVhSZoUiqLyF8aKYOiCdD+cDw2zkSlQXTU4UI2zNGnj6Wu30j0uA5EGCwdW+RxnlAJYpZ29v29w\/tlqglVeNrmq9p8wCfc4U6rD0foIdyw+hNSZopwCFw6uNR1wexDlEyV7bPtnSLBTWLMoKU5kv\/3j03gdIcgdTnJnuGbWdLB7YprhpvbHZhNCubS9pWOsc1tVOFQLoy20gSFou6JlfsDLOfrnMKBdsL5u30taTKDXFMTprq\/pZxycP5ncjSG6SN8kr3aU81tZA+Cu5W5C1Oo+D1zWqtv1nah5QfBC4Pu5D2\/5W3NQ9ONwv8PEW2bsZ5imoYvf8MDAppPrxzjkpi51lgiz2iWozEDwFubV+Mu4Q\/8GHBoEZW\/+4M6zanJCsTAXA9X+rJHIVRETPWD1TeqJ6zw2EFhTb\/wPFvskzFJcHGeZNt\/UiQG\/OzEXZGZkNKfL3WrzypIpycND\/06\/Aw4IM+RosBWeFIddLQW0PXqbQTXyRIeCNQW7UMIqYEcKmTCwQ3+t7dX7xZN2wlP1jKCkWAg\/r3IwSISfI9Lw5uB1jPGrF9saOhskiIKw4AeJs2NwFlbnIxVWek9Pj7qBNwUmpV\/hKjMqr2mX4lpAl8\/3oDdrl7nEyj8+UTG\/78bNZtFujbk\/Ff255R+2WYJTszpMwvwsL3gDYHPaQs\/T0aI4ixDDO90T3mi922AjbQrUIh4d1\/yPm9TCqc2zRHiA9aRxUVr+qsIcIuKwUFwzFl8JkagPlSIHrIuaPRTpxuHCwCLItrnN1yBLUzj5rNdSLVDse9e7u\/hLoY5rHP0bLtj4Z1jNIxQLzWHKHD1+4AjgAq2b5MPo8yqAptknrg2sLF+mQ1S8RLPEJq25geuD097bf4e4qL\/yJS39RBahJ5gFH60qced3uRQFl25o2d0N2FajQxtIdSZz01k4ojEJyl8uLGejHUCtJvYgwO1XWy9fRjIzqEIQoq7K2emcVn3f1ZZAEFOFIpKsXSbyJKBSYSBsQNpdcsxVCq1SnpigUbYL\/nuxSy\/n52QS+F4+f4P9KEtwjU7CtSDhuF00QATt48orxcKuIhB\/tfuT6ITQMM2LsRnSyjFMeuEDTMcqTLnQvKqr6M1TZ1Ug5h9ZspEZBg==","iv":"424da1f8754052d1cffec0a6b4be00b3","s":"a56c1b5a71a8ba34"}
Share your thoughts. Click here