Headlines

Presidential Election Triggers Wait-and-See Attitude Among Consumers

Published

10 years ago

April 13, 2016

INSTORE Staff

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.

Closing With Confidence: How Bailey's Fine Jewelry Achieved Outstanding Results With Wilkerson

When Trey Bailey, President and CEO of Bailey's Fine Jewelry, decided to close the Crabtree location in Raleigh, North Carolina after 15 years, he knew the decision needed to be handled with intention and professionalism. The goal was clear: exit the location while maintaining financial strength and honoring the store's legacy. Having worked with Wilkerson successfully in the past, Bailey understood the value of their comprehensive approach. "They understood both the emotional and financial sides of the store closing sale," Trey explains. "Their reputation for professionalism, results and care made it a very easy decision." The results exceeded expectations. Wilkerson helped Bailey's sell through significant inventory while maintaining the dignity of the closing process. "They don't just run a sale, they help close a chapter in the best way possible," Bailey says, strongly recommending Wilkerson to any jeweler facing a similar transition.