Headlines

Presidential Election Triggers Wait-and-See Attitude Among Consumers

Published

8 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.

Looking for a Seamless Sale? Call Wilkerson

After almost 60 years in business, Breakiron Jewelers in Erie, Pennsylvania, was closing its doors. And the store’s owner, Linda Breakiron, was ready for it. She had run the store as its sole owner since the beginning of the millennium and was looking forward to a change. Of course, she called Wilkerson. Breakiron talked to other jewelers who had used Wilkerson and was satisfied with their response. “They always had positive feedback,” she recalls. With the sales, marketing and even additional inventory that Wilkerson provided, Breakiron insists she could never have accomplished her going-out-of-business sale without Wilkerson’s help. She’s now ready for the journey ahead, but looking back, she’d be sure to recommend Wilkerson. “They just made the whole process very seamless.”