Connect with us

Headlines

Presidential Election Triggers Wait-and-See Attitude Among Consumers

mm

Published

on

New report from Bain & Co. expects modest luxury market growth this year.

The global luxury goods sector is getting “boosted by resurgent demand from the United States and China,” prompting Bain & Co. to forecast a 1 percent growth in luxury sales, according to a new report from the consultancy which is cited by Reuters. According to the article, the Bain report says that U.S. customers are adopting a wait-and-see attitude as the presidential election nears, meaning demand is expected to pick up after that point. The global luxury market, the article continues, has been hampered by a number of factors this year, including a decline in European tourism as a result of terrorist attacks, a volatile stock market in China and “subdued” U.S. demand.

Read more at Reuters

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Zadok Master Jewelers

Stick to the Program — And Watch Your Sales Grow

When Zadok Master Jewelers in Houston, Texas, decided to move to a new location (they’d been in the same one for the 45 years they’d been in business), they called Wilkerson to run a moving sale. The results, says seventh-generation jeweler Jonathan Zadok, were “off the charts” in terms of traffic and sales. Why? They took Wilkerson’s advice and stuck to the company’s marketing program, which included sign twirlers — something Jonathan Zadok had never used before. He says a number of very wealthy customers came in because of them. “They said, ‘I loved your sign twirlers and here’s my credit card for $20,000.’ There’s no way we could have done that on our own,” says Zadok. “Without Wilkerson, the sale never, ever would have come close to what it did.”

Promoted Headlines

Most Popular