European Luxury Companies Cautiously Look At Next Year's Situation

< p > Reuters reported that European luxury goods manufacturers responded to the forecast of rising sales at the beginning of next year, saying that the economic downturn will continue to hinder consumers from buying a target= "_blank" href= "http://www.91se91.com/". < /p >
P, the world's leading consulting firm, said that sales of luxury goods should be pushed from the second quarter of 2013 because of concerns about the economy. But at a fashion summit in Florence, executives of some of the top companies in the industry say that this growth is likely to slow down to the second half of next year. < /p >
< p > "the market is very unstable. We must keep a cool head and keep our predictions at any time." Michel Norsa, CEO of Italy luxury "a" target= "_blank" href= "http://www.91se91.com/" > shoes /a /a, told reporters at the summit that "next year's first quarter growth will be even slower, and the second quarter will probably resume. We see these signs from all of our market performance. " < /p >
Companies like P, such as Ferragamo, French consortium LVMH and Italy's Prada, have avoided the worst impact of this year's recession, thanks to the consumption of wealthy tourists from Asia and Russia. < /p >
< p > however, the sales of Italy fashion in 2012 decreased by 4.4% compared with 2011. Italy's < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > and garment Federation (SMI) responsible person. SMI chairman Michel Tronconi said at the summit: "orders for goods delivered in the next few months have shrunk, and this trend will not change soon." According to Bain and Altagamma, a luxury Trade Organization in Italy, sales of luxury goods this year are expected to grow to 5%, to 212 billion euros, an increase of 13% over last year, an increase of 8% compared with 2010. < /p >