Luxury goods sales have showed positive trend after the UK´s Brexit. According to national statistic and Swiss Watch Industry the luxury watch export to the UK increased by over 13 % in July. The main reason has been the weak sterling. According to the industry leaders, Britain is now the fastest growing major market for Rolex watches.
Also the world largest luxury goods maker the French LVMH (MC:FP) Group showed sales above the analyst estimates during the summer. The stock price of this industry leader has increased by 9,4 % on year.
The US jewelry company Tiffany ( (TIF:US) reported second quarter profit above the market estimates. The Italian fashion company Prada (PRDSF:US) announced increased investments in e-commerce for the year 2017, but the company also made statements that Prada will retrun to growth in sales and earnings next year.
The British SUV maker Aston Martin announced that it will be moving its business core also to consumer products like Hermes and trying to appeal also more female customers.
In general the Luxury goods and apparel industry will be moving more towards e-commerce globally and the consumers have also noticed the tax-free shopping centers in the global airports. The sales of luxury goods at the airports have also increased by nearly 30 % according to Global Blue.