A weak dollar, economic slowdown and the global economic downturn affects many things but there's something that always seems unaffected by this: the need for luxury items and other high end products.
"Sales of the Louis Vuitton brand along with watches and jewelry are doing well in the United States despite an economic slowdown and a weak dollar, said Toni Belloni, group managing director at LVMH Moet Hennessy Louis Vuitton, the world's largest luxury group.
Investors have been looking at luxury goods makers for signs of cooling demand for the likes of watches, designer clothes and jewelry amid fears of a global economic downturn.
"Jewelry, watches continue to do very well," he said at a luxury goods conference in Tokyo. "We haven't seen a significant slowdown in the United States."
Do you still buy luxury items in a weak economy?
Link : LVMH says Louis Vuitton sales in U.S. doing well