Retail in Asia

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World luxury sales may slow down

HSBC Global Research has recently released a report about the imminent slowdown in luxury sales, although it is expected that revenues won’t fall.

"We forecast the sector’s average organic sales growth rate to slow to 10 percent in 2012 and 9 percent in 2013 from the historically high level of 2011 (circa 20 percent)," stated the Stop, Look, Listen report, written by HSBC analysts.

Globally, it is expected that a "normalisation" of growth patterns in Asia outside Japan, with sales increases beginning to slow, although this in part will be tempered by the expansion of distribution in China.

(Source: cpp-luxury.com)