The October 2011 Wealth Report Newsletter is now available for Members.
In this month's issue:
- Luxury Retailers Again Show Strength In September
Despite another 10% drop in the S&P 500 stock index, high-end retailers post increases in monthly comparable sales nearly double the growth seen in the overall retail universe in August. - WealthSurvey: The State of the Luxury Industry -A Global Comparison of Consumers in Top Markets
Luxury spending surge picks up strength in China even as wealthy consumers report plans to throttle back on purchases in Europe, Japan and the U.S.
There is some really interesting data on the attitudes of the wealthy in China. Here's a peek:
Nearly four out of five (78%) wealthy Chinese consumers say that luxury goods and services are more important in today's economy, although the reverse is true in the U.S. where 80% of wealthy shoppers say that luxury has become less important.
Members can access this report and an archive of past reports on our website (login required).
The report is produced by the New York based Luxury Institute, a uniquely impartial, independent and objective ratings and research organization that is the global voice of the high net-worth consumer.
