Luxury Markets Are Still Booming, Predicted to Keep Growing in 2011


2011 has also been a great year for the luxury market so far, according to a new study released by Bain & Co. Following record-breaking 11 percent growth in luxury-goods consumption in 2010, this year will probably see an 8 percent growth as markets continue to expand in Asia and Europe. While sales in Japan have declined, Bain predicts that things will stabilize by the third quarter. [WSJ]