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The data on Monday by Italian luxury fashion manufacturers association Altagamma proposed, according to estimation,[link widoczny dla zalogowanych], 2008 global income in about 175 billion euros ($230880 million this year might fall) 21%, for the first half of the most largest declines, the second half of likely rise some.
According to Altagamma forecast, European sales will drop fell by 9%, Japan 12%, Asia fell 2.3%.
In the past decade,[link widoczny dla zalogowanych], luxury sales have been steady growth, only 2003 fell 5%, most of the reason is that Asia erupted SARS, make flying person amount. After the September 11th terrorist attacks, global sales of luxury 134 billion stability at euro.
The secretary-general of the Altagamma Armando Bracchini said: "financial failure on luxury goods sales to cause damage, this kind of al Qaida damage than - and the war in Iraq,[link widoczny dla zalogowanych], SARS, add up even bad."
Bain consulting (Bain & pig) analysts Claudia da PiZuo (Claudia D 'Arpizio) said consumers tend to buy something less expensive than, clothes, more willing to deserve to spend money, than in high-end series, more willing to buy designer second-line products. "The crisis, but didn't create new trend accelerated the existing trend."
The impact of perfumes and cosmetics is only 5% of the minimum, is expected to fall,[link widoczny dla zalogowanych], reflect a kind of tolerating and happy trend. Meanwhile, tableware sales will drop by 15%, jewelry and wrist watch sales will drop by 12%.
Altagamma said,[link widoczny dla zalogowanych], February sales worse than in January, especially in Italy. But looking forward to the second half somewhat recovery.
Although quick fashion popular, making low prices high street brand become customers get the latest fashion shortcut, but competition leads to the too cheap price caused the company's profits with small space. Under the influence of the financial crisis, devaluation can also lead to wholesale prices.
High street brand such as Primark, New Look and the price rise is the largest, Bhs reached 4%. British brand Marks and Spencer and Next prices by 2%, 3% Debenhams was achieved. Ladies chain Dorothy Perkins rises is lesser, only 1%. Although each brand rise were comparatively small, but experts point out, this was a sharp increase in the prices early signs.
Price rises bring new profit space,[link widoczny dla zalogowanych], means retailers will provide more discounts and promotions. At the same time, prices can also reduce losses from offset sales.
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