Economists love to use letters to describe the shape of an economic slump or recovery. Fortunately for luxury brands, all regions are created equal. Image credit: Louis Vuitton, Haitong Zheng Why the US luxury recovery is not comparable to China’s
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
Economists love to use letters to describe the shape of an economic slump or recovery. Fortunately for luxury brands, all regions are created equal. Image credit: Louis Vuitton, Haitong Zheng 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r2+Kz7PDRY+9r3wzctjMTYq3Cvg23zwLqlCsKg3MHHQx1lp2HodQO5o\/7eNStoPTAM1MuhbuVDXNk3Vi4spiv9c9oLGJGU3Uou4izJfl6f3IxcJSDO921z7og5rm1vNy3a4Jdc4qbaNmFf6KVodK+lfC2o5ELbFTKfnZTHVDeUwzIZpV0\/0KfT+z7Bei36SpySNoBv0yrZGIM64cEV7KKy5M8pjhoOcUcNwoaSKlu8bzbe2yeklmjPT+8mGKePL4NFFllFuMFo36AYCRtDyWSGKFl5jUc+WOYzn\/hLhGBCEdvKobkJudB5NLslznej8RZPvW6WmFUA4ganJDnCcvlQch1FbAhJYQtcVhpxexzBc7zrXsm\/+yXWBDg63a9+Kou9RXyfyYm31\/2bZjmICNEkhmYnEBpDhWl9MNcnOXfoDFbQwwgu8nG2SG0qS3AQNc9jiJFLxw34oGLaSUiN13HvFSeE7DPmbn6v0OEISntQQf3Ec5r42x8kBxve1xxZnILlN9F7DJNejlboOv8KroFQB\/JDl+d5+06goAfVUIwva3jBoUfyonKL9zuJUAR25\/EhsQi++cd8iaSHjydQo+F\/VEuszjH26oFnE43Sh\/eErhOLnQtVVl\/BeKScYrcdrIcZVyVOwYOK0lGcGvTly6JpT+ux9a55O+jG0NzaKhaBvsEg1wYRI4TzigICxHXM9PBaiGCCXElyryL1b38hEYJESIlWfIBRoOXfnmrQ59DCGM82pSud0HDe8bmuAto1u4NJoEj2HqdvZFfPGCcPDmWFi0GdUQDWbjrYlJn3Rsu63Ltnz6p0UO9+SGjiccpac7d3zYPgkmr5EpI46KwtlpHb9yn6BQlOBscj+aOeSfiYNMbmcaMrrBbb02p2h\/lsPJx8EetN1vnOxI7iGpZY+8oCcOewpsX+1M+4dwVNRNLr5\/uxKBIqu2QsGHqw4AduMQz91AFUoTduVy9Zpw63WRz5NgLKdCsTaFKa7ZMv9xfWD1BlLl04xe1iFxnONn0iHR2NYf+BERZbJUfI\/rL4HjTNm6swgzWI0PqeEkvZ2VNGD5LDl7eHnE5O6ucca1Z7YOi9CXTREMmQv2AgBc8aiDaUHWtO12XNLkkVSPN8G5oxoWqzkis5fuciBS00drEDsNl1L09qsPOm6xWhbzgJzeN\/lSVZNFPklg2PeYHKT6rOkEtJJKcPcinEXwoJ2bQGbEAdKeQf+frMOPr8znRNTKfYMhTZbhbk01Z6jTELfLDG1bMHbzKCp23zBwSFFkYCS0RY8Y2muoPb9L3CPlkyLs4lYvRsRPmckroIP3iZOlPNgzzTFRHUqvRnCnTgjdLhq\/hsEqGeX7jxOb+ao+B7eL9F3Wuc2pVJLCNYYQiTexfmFM68kgryXsIlFPRbrmhizaV2gFfRdg5+ajWCRCHCQ3okfFRviCo\/1R6hk\/HLTyr4Txo7zMOj5joq1f60h++5BiktpXhODPgiIX2yCSF0ptvjWeM\/6MA1BSH\/8RC7sjOmgMB5O7wu2kNAxDNh3vtUfIKkPByReCtqCJaVnozlOY\/PJaqvZLMQ66EEWz8c7wnknLDlWqg6O\/mEbJLB9iSAmfSq7SZGJ1dEQzYkEmDO8kfh5gmv0aRjqNiLmZC1UelKdErtF4NYZAx2hUNL6QmC7bvsKG3c41nUGp5AOrJrl\/vfX7ToOuNPdm35xDpfodHyk4FB1DCyRzb1Sls9ku8HTQyovoYDM7dZ6AAosSDQ4PGf4DlHBz9Q7p4NuTkQqriiypTZh5ZOMynSThHe9GOc9rMkvhI4PM4XGCJblmE+YsPWp0WNGEvMSE2p0kg9dh6WmzaNqe\/fNjqIo9FDSDTrZLqUTZHl8aCKjeMLoUesgpyLoO1Dr7VdPt+oIGA3SKvUZdkQj1CB\/ZiKH8L0A8ryjFSRq0l451C1a4ZfckfKUhHJChC6SpxdbUW0jUTLFkm2Q755rMsQCKeUNOUH1APWAg9hkB34sJ5WFeHICqzI0xXsLRaxu946QOtNi888qz6ZfGTtzpnn3TKRUpBMrNr0E6eu3yi6HSRHEXF0CeUjwhSAVqng+sEWfNrpjOYBOOUCJziDw04TwCBOPc7icbhVisiNy\/fOaqOQ6Nj7eHncV6Z1Y0OLy6bUAnZMBlEwMU1I5IJF4g3imgcOO1yroRxEAgz87hj8DH\/4t9DuMJis5RWPqLpvtsJjj8PmWtt\/BStl9S9qkb6HO607gS\/230Hx4VfIXWT\/soVqmPDLbAFPUUkD5PS9jByo7W\/4Y\/4sthCrQHx3ZqiSowdGPCAIY553xLZ8TUUVQ+ykhRBs6FJbeEgab2ObjqcCq\/eSEiiXieaIUSbMM4sgRgF3xQM2ZdasyTXzuGw7JnR2XbHENkkCAhyJS7Bi1VqHH\/lCL\/eHm6ko25wgwiOJtjIX4H9Wv\/D5YOVxghgRDWkEbi64rS9KhZN9EbC\/S0Y+GT05iMloV4pnejBhnnEXLZdaxbv3g0OLVOF3hiVSZDnMPLfVxe3TZwguuoqq95KuRIJ3C\/r6SSnKPi7M869fzTE0+rQ+KY\/axixspVOEvAj0um3thHMn+Hu52yocyQUaSSuiOtadRI8f8B4qDAyIQPC+M2Q7mCnlxfEa1Y57xEMaOzHwkYU7MiokQXk830q8Kk1Ld6diSp08ebB2Pm1BbxMOSXj1ZzKyLXopFACbEQkw9AdSQ\/UGVeUki27kAMufzRdR73c\/lEZbx5itht0L4pnaNk1Kgcljeaj9AvLbnrFK0d+5YeA5RAOeGmOrHvcOKVbrbtQoLJOnE\/FD4jo8Eyta3ybycN7MDNN28OcgzeCkCJ\/khiwPerPE2ynZDDGcOiGxldGW2sl6u7RnlHOQ4aDMetI5Q8I6X0ZAUX+iiPhxiweuIOvS5kXyTZxizvHOOR2G337CuOkeGALR6EKcRVkorjj5\/g\/Bm2NDMo1BsXNfeuepK54q+6FkEgGOCJBE\/yvi30ync3hTP1zJNwfucyrf0CrK3H9uqj3+zLYbfbfMB8v6tQHoNld6KsW8bMtX5J24942FHuUBCXB8V4YZG3vJ5jdQUIWocteWXjbqSgtRGDA4AOju2nopKG0lr0EAHyIWMr9\/OYnXhTZkzDQ5p0ihr82CLS0dwMwWLw5sEJ8zTBmv9UeOo2mhFBzFpdLlhqgPkADB+x4jYdkJumgKCNVYBT6xY4ypuBAwiSH+5xUOSkQH2OF2DcaYdepsKIrmZl4FnuIA6SRmTa\/CbBHpyyQgM43RBngyI5cofdcZGQGP23sQZaetzpO\/+gs99iOfkAkoXbY0en9UfPLCYwL7PT8GKZjU1u0Zj45PkUYErahLDx3XnU0FU8QTE7tr90usvIPvF8LzB3VynzRTiCVedrRGa40GhJ6IIkOaO3+mPURG1v7PhDBqC5uAUBpuvvVuviWoKKufgt4DxCmUx8sBEtzJKCmRGFGqkxsMGT\/RnIxLIpSgkC5W6E5zjLP+vmpbbsD\/UrFrvWCF4Y2+sTDRLG0h0zvvvCbNEzfPqgSozebmjwFvPKg9PbROS9EBhSbP0KVZXna1NUq0WCCgRqW+AmzP2pe0\/o+Gil3xxL7MdQ+t08kIOx\/iAVKMbCAWN2pYH4WdJNP2pA8ru12T+dH7x4trjMjuTkpfrdedZMgfLr\/hIoChI0SQWEnkD48Kza0bFOde8VtbUVir96yBlXF6b9kl05CU+WvJiDl\/YIEBRrwwUtVxJVVbg8OJgMMMGNqDWgO51ealT2xXCRbTe5OBNurp+sWeUK2DHNn7LKyQUKfIAzbPRShCShFkNvbcPENENzQbIrbrWnkA==","iv":"aa78ccc416232e419c13300f0a567b2d","s":"bc40d51d2edf2901"}