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LVMH Announces Another Record Quarter

By: Trend Spotter - Published:   Updated: Jun 15 2011 • References: msnbc.msn & news.agendainc
LVMH, the maker of Louis Vuitton handbags and Hennessy cognac, assuaged fears of a slowdown in conspicuous consumption on Tuesday when it announced another six months of double-digit sales growth.

The French group, the world's biggest manufacturer of luxury goods, said that sales rose 13 per cent to €7bn in the first half of the year following "market share gains across all brands". (THE FINANCIAL TIMES, UK)

Implications - Consumers are seeking an element of prestige in the products they purchase. No longer attracted to practical items that simply provide a function and nothing else, customers are looking for a one-of-a-kind experience. Companies could inject an element of luxury into all of their designs in order to attract more shoppers.

Stats for Luxury Goods Still on the Rise Trending: Older & Average
Traction: 4,574 clicks in 422 w
Interest: 4 minutes
Concept: Luxury Goods Still On The Rise
Related: 68 examples / 52 photos
Segment: Females, 18-55
Comparison Set: 25 similar articles, including: dining table tennis nets, austere all-white accessories, and school supply clutches.