Luxury Goods Sales Could Accelerate Slightly In 2016: HSBCMani
Despite posting a lower 3% constant FX growth last year, luxury goods sales should see a slight acceleration in sales growth of 4.5% in 2016, believe analysts at HSBC. Erwan Rambourg and colleagues said in their April 4 report titled “Luxury: cash in and carry on” that one should brace for short-term weakness in the luxury industry.
Luxury goods sales growth should be unimpressive short-term
Rambourg and team recall that at the start of 2016 before the Q4 2015 . . .
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