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 earnings season, they anticipated a soft Q4 2015 for the luxury industry as a whole to be followed by a better Q1 2016….
Luxury Goods Sales Could Accelerate Slightly In 2016: HSBC
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports