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Reaching the New Luxury Consumer

Reaching the New Luxury Consumer

Despite a challenging global economy, the luxury market remains resilient, according to a Deloitte Global survey. Consumers value quality, personalization, and emotional experience when buying luxury products.

The economic environment continues to be challenging, with slow growth in major developed countries, high levels of debt in emerging markets, deflation or low inflation in rich countries, and troubled credit markets in several countries. Yet despite the economic headwinds, spending on luxury products has remained relatively robust, especially in emerging markets, according to a recent Deloitte Global survey.

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