Italy'S Decline In Luxury Goods Performance And Economic Downturn In Crisis

The report mentioned that before 2014, September,

Some of the big brands, including Ferragamo, Tod 's leather, cashmere king Brunello Cucinelli and glasses giant Luxottica, all recorded high or low income growth.

Famous leather goods brand in Italy

In the first 3 quarters of last year, turnover declined slightly by 0.9%, but the global fashion giant brand still earned a total of 2 billion 500 million dollars.

The report concluded that the luxury industry in Italy is a better buffer against Italy's economic crisis than other industries in the country.

The report focuses on Italy.

It has not been affected by the downturn in the two main emerging markets, China and Russia.

However, according to the Italy Ansha news agency, because of the sluggish domestic consumption in Italy, the discount time for brands was earlier than in previous years.

It is reported that consumption in Italy has dropped by 7.3% in 2014, but 50% of Italians are still willing to buy more during the discount season.