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 By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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WTnk1mSuDnnFZ7yJdItmlqOL4Hf69jsm+kTY1\/SiioPSd4UMccqBolCZSfsxDmqb38mUhkVSuwGsiNOzlUqk5VVGBza+Xuyu3dAbVPPWa3+wN3US7EXhXJkhT3WjU8ZVxGPBdc6i22hWFqSUFcVJd8UoghjcclmDyE9\/cnZRoPZ18FPH+iSOK65qFENmmK\/MCoGwEBDxJgItg7kN6Yf1PXy1CbAsEqNQ2+QhgukEg1mHyrSWcSeqKJvx7lcx9HJzilsy8bJYAlyAfTNV65tl+I8B4V23MhaXJ3pLWrwmKhPCHnv7S73qYUrDKWSc0EYFsCqB0DffC+hM7dznCCAneedU7CShem0bO88GFBAL5+\/x6CWM\/hLjUvVsqWMan2IMYsgkstVqzbcAkTZPcKCEQvF\/heSa449DhfQW\/6f47ue1vf8wgl086AxOvgJolJazpAIjYmu9OXOvy7YYn0iyohQNB5DYFXB2wdnN75CxseQ5cfCYCfX4TsReDdmyy9FRhqgzPeZUaBZSsQ9bhjMF2iwxvi7KWOK6UV1S+GImS17yJTOotnOR5mAQbM5jScachrPzz7TYG68hnThtQt5j6F8ak43rnAUKe3UyoEF+3Ldzt5wVVGk4kvQU4wQd6gD7EKSbbAp9aFr2T9wzf6G2sCvV7yJBY2QqCn02wUxhhThnB\/m1+7UVgiG9BsVxG4gT0XvrVijxvqEUfbhNFZAVRLHgAcli\/wvtRIcsoKrPK+Jk9xle6m6xrM726nlNf9btXO3Uxc8bTZn8A7lodFYi6hwjVp0tE4rRtby7efiJfvcVVruul\/+A0RzejLDB0mf6no7FgVUCrlkhYRJk5DhTxrCyrK+NyT8KjAvV8aJ39665yo3Yr0FqkmeAR5xcQFwwnpf5UezdRHWMxD94vi1csV5CzwzgBbk4lcS1Z5dx9GxRNqHUYuu7H4d7FK\/RTArjkq2JleIusopVLyQ9dyihnC1WedXKjBmxYtfE3pSYlOU2Dz8nlt9p6cRXo2FOk1DmyUrM+Mq\/eU+G3yIy9tJmLOQ1TJWxvNBIzHxHJ0x+zCO5C3e0egEpfIMNOwGkcp3X5zUujJimaN+Pod0UiI+s54TxIPBZLnA5xgv0iFAtB9Y7iVPW9TILqy8vupWV+vDD0uvMq3HGpfHPT96PWAj99UB0Alx00PvO6Gqw1NPG32wkTnNZDyjh438z5AFLzbb4NrX9pstQ\/pjAuvCM071BDrSbfVcWXotPc3oprHv32fb35ldIVuwpqfsT56ugMcJRJN6m\/lSP1cGHuEo4ucgQSyHRk3ynzi262FhEj7X4+BhdrHneIIEMhloP6Hu8tDFHkGk31U8A\/zPzDJV3WvEM7x4lWtNFizcmNkwwTMDtVagknFq8xU47jmujXBDz2Pjyimd5RtTlNgp5lwswAws4Ak90umU8fvyXOR6yxp7cR5c0fEb3YMSDx0+tfQLmeex6Zw966o5sx6wwjIa7CuscKMr3ADkJYw8z55B92gLtomVGf8f+mpX0FRs6XLdOlhjLAL43FOZO1O1Jxmzr7r2kY2Eikn8UzsmF8g5s851sVy585MkOi1la1T7GrslkRuK3kKp61FabmG7pFvqoYrTwTA2hiar667t003XwV67wL208CC10EVfi0I9xObzyA6S5usxU5k\/et+xSSnfShqGPsIo2B96Tfro8V2fnYK91+WbykRSMcbv3\/pdenjP7ouND7ucR2g8sPK5wYKQWzuHpSh5cLpJEC4Y3L1QOfON4KdNJgm5I9OVYV56dYdB4yeCEulbDgFVsOZdfr9xqFkR2A6sll8hpti5QeuYFYZghEmsBMCUwjSJSqYxfqvsaV9NwvEcTgSchklr3fYm7STa26J\/qqJSvwE3X4KxGOwp13GKKOeMsPdXcW1th1pdMJZd93lwLgpi0KknTkH0rm8zltSR1Wg+vLTPzMUFlfyZUC3Hx28Nv8CYuXwAPjyJcSl2HNoavmifmlj0SQLn29UAtYqo6iiGrdonZH7IAQUAxXYfTdtelGV4hwmJ9kglLDeOnSPismyKbFlUy0kpEhA6wtXW\/8E5SjpIEWeqA4rZlQy+lmMuDfh8nZNihY3aHxlQGnmnTCF7xsPdwzzX8YFkOzDRzkl04xyprDLPizMzEYZK7Wi3K2hAIWggclYWWE0R9b8Wiw4DYuRcUCbiFoHZRuLVEVKkJWwgw7FPC8+c+qLzoJy0BzTQk5LdhwTnAcfZne4wqkFqkA\/T2n4mrHbQwXBqPFzuuqjY5fGsurvWP6RvNe+CWel4Q63AobjbprZFGkM\/Vc\/bTIOg3X03EXrhtnMFJysXHf4rJKDOAR2b2zBHu2\/ysWETl11CqosjbhBD8D9zp0PZJNh\/cggktPA1hWMROigfNFfe3v0vmWT\/FymOk6ABP4gEWfJX1NadNjlKinxuSVhJTpcwu3XtrfgPdYcebcdKnPHWSaIMmp5yVGVqjl88bCW6\/qs11KzUUF90wfi\/Q2JmNWBwI+4FwORvYqe4azLbRrirkzmZ8uM9acrVE2JxsdR9o5FOX4k0T\/9OAHvG2rmnsjdiioLqmaL+LrveVv8TX69COqY8OoGbP2le4pmBKxGgKzHFKnC2BaesnJwCZrOQaVdjHnhMRNaKh45cbopJCn6RtLB8gyaIFiI+ouapqwZfcP7sLwo2sxG5HeuqRoNfNAGdv6ne\/eE6Bw+KbDwHIuo7oEIW4rinaQfVLtQ2IZM5rpNvfL7VhJonz9GDkpN8+kzwpfMMyPVsMgejIHWaSjEtsMOd9DaAnJ2YQaa2oPuH0TB1Bd1SvZyKfv3vI9EXVWpL3D5wl395bBqBA+JORBbv2gJ1MWOGIJlJeTbDwylr+HBINfLaQDscYyq7RpyOU6t8P2IgKyKREdGVqlb6b6Hhs51qmjEYiJ\/eTeM9km2yW6jhGxQ0TGzcD4O0xDL6tS+Qg511sG9H3Z+AeOn+fweKGQ4d6ayWRgreLMt07QwkSI17W9f9Sn5nxb82lnpcDLVgHgzcKXc0BIr+BlrXSf6fvoKLbppg6xfnjbBZLe609R0arbRjYELLCYOI8+KZQveZ02nPIbxOFFJiyLeCqZghgmf99vyO5NT4qBBkIZHmoWHc9T5JkMY9CN6E7wBcISeLatuIouOWlIN+QTdJbGihRUp4PykVE9FPNMsWR7cNLrNiq3baZhV0EW9Mxj8IkoXY3pjID8dfkMcQIQ0Hi955zV9teIGVtsL8Bia7iMp4N3\/uN23c4pVvtopTGQvFEjjOReKcFQhPzGI0S1tY5sJq+eBjBPNJpSHxpCrIONAGkB0zfN3SL\/6\/P\/vHXONStK4\/rmCiFFzDsvmcvieBysNTrwFdpJ4MYmiqjw0WTG\/suSZDWyzH32WqhBd9neNNulSwhGYjMcwuOJOnkbYKmla1whmF6Unu2QUZZ45YlsSUHdMsHeW6IISR3+oRQAME4TwyyqMXX0VoiyuFcyUtcwbSHOkQM3wI6dLBoAvUwZ4BtgVuU6aXpmh1sE4mDZZbdTTIKCJPCcTHY\/RgSrNvu7SqRD5YpbOhhteqh3lXAYZg1qlY9Fos1vzAcSfgCRTm5GdewEDN1SIA1fQUl0qselgWcjrAjW3dKnl5wgzev+kIDBcnb2kCGmO\/LIR1k4LB7sGIAvRkVv8OTfd3w0DlyWA7Q3KSbSjRBnQvnPysDZf+qHzv3lSioqw\/chk6srkBctb6K1aH\/rJg35HCoiMHWFxNHo3ddBwYb\/\/Hb2mEv3HoPYvqLsc2GYcX6+rmP+u1+b7Q5czRmAWwK3cXBil2sdCTBsuA==","iv":"fa9089592c57a8b7455222b1a536484f","s":"9c2ce2c3f0771fde"}