The unending swirl of the macro headwinds is making the broad predictions for a small, positive bounce back in luxury sales in H1 look a bit optimistic – or is it?
Regressions conducted by It’s A Working Title, LLC®️ staff found that over the past decade, each 1 percent increase in Chinese GDP growth is associated with a 0.53 percent increase in luxury revenues. So the growth of Asia Pacific (excl. Japan) sales for some big names as per the below may signal some good news though certainly not for everyone.