United States Luxury Goods Market Analysis,growth,trends,future outlook

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• E-Retailing to Dampen the Demand for Luxury Goods
  in the United States Ken Research

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• The report titled Luxury Goods in the United
  States, provides a comprehensive analysis of
  luxury goods market in the US, various luxury
  goods, leading vendors in luxury goods, trends in
  luxury goods market in the US, and future of
  luxury goods market in the United States.
• As the disposable income increases, consumers
  wealth increases and they prefer more of the
  luxury goods. Making a good more expensive can
  increase its supposed value and will be known as
  a luxury good such that the extent of sales go up
  drastically. Many manufactured products get the
  status of luxury goods because of their design,
  quality, durability and performance that are way
  superior to the available products. All the
  luxury goods are independent of qualities which
  are considered to be goods at the highest end of
  the market in terms of quality and price. Almost
  all the luxury goods manufacturers opt for
  special luxury packaging to differentiate their
  products from other competitors.

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Various Luxury Goods

• Luxury is associated with exclusivity products
  and prestige pricing of various products. Luxury
  goods available in the United States are designer
  apparel and footwear (ready-to-wear), fine
  wines/champagne and spirits, luxury cars, luxury
  eyewear, luxury hotels (5-star plus), luxury
  jewellery, luxury leather goods, luxury portable
  consumer electronics, luxury timepieces, luxury
  writing instruments and stationery, super premium
  beauty and personal care products.

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US Luxury Goods Market and Leading Players

• The US luxury market has mix of multiple players,
  both domestic and international players who are
  highly competitive and diverse. There are large
  and small producers who possess a wide range of
  distribution channels in the luxury market.
  Within a highly competitive luxury goods market,
  the major players aim to maintain their shares by
  spreading their product portfolios and covering
  multiple product categories. The leading
  companies in the US luxury goods market are LVMH
  Moet Hennessy Louis Vuitton SA, PVH Corp., Ralph
  Lauren Corporation, and Tiffany Co.

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Trends in US Luxury Goods Market

• The luxury goods market has faced multiple
  challenges because the retail landscape of the
  market is rapidly changing with fashion and
  consumer demands. Majority of luxury goods in the
  United States are traditionally sold through
  store-based retailers such as department stores
  and specialist retailers. It was observed that
  there is a severe price competition in the luxury
  goods marker from various other growing channels
  such as e-retailing and off-priced retailers. The
  US luxury goods market has witnessed huge revenue
  generation in the recent years. The jewellery and
  watches segment is expected to witness huge
  profits in the US luxury goods market.

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Future of US Luxury Goods Market

• Millennials in the US are least interested in the
  luxury goods compared to the previous generations
  and the leading players are not making any effort
  to attract the millennials. E-retailing of luxury
  goods continue to grow at much faster pace than
  store based luxury goods market. The growth of
  e-commerce is supported by the increase in
  e-retailing consumers in the US. The increase in
  the consumers disposable income and improvement
  in the labour market will support consumer
  confidence and spending on luxury goods market
  over the next few years.

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Key topics covered in this report

• United States Luxury Goods Market
• United States Luxury Goods Market Analysis
• United States Luxury Goods Market Forecast
• United States Luxury Goods Market Opportunities
• United States Luxury Goods Market Competition
• United States Luxury Goods Market Segmentation
• US Luxury Goods Market Major Players
• US Luxury Watches Market Revenue
• US Online Luxury Goods Market Revenue
• US Luxury Handbags Market Revenue
• US Precious jewellery Market Revenue

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• To know more, click on the link below
• https//www.kenresearch.com/consumer-products-and-
  retail/luxury-goods/luxury-goods-in-the-united-sta
  tes/144056-95.html
• Related Reports
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• Contact Us-
• Ken Research
• Ankur Gupta, Head Marketing Communications
• sales_at_kenresearch.com
• 0124-4230204
•  

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