New Market Study, "Luxury Goods in South Africa", Has Been Published
Luxury goods saw a strong constant value growth during the review period as a whole, despite a number of negative economic influences. High inflation and economic concerns notably suppressed sales growth at the start of the review period, with an economic downturn being seen in 2009. Sales however returned to good growth in the last three years of the review period, with sales growth being driven by an increasingly aspirational consumer base for whom luxury goods are seen as a...
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