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Global Luxury Sales Are Expected To Grow By 10% In 2011.
2011 Global
Luxury goods
Sales will grow by 10%.
According to the Bain report, sales in the European market are expected to increase by 10% in 2011, the US
market
Rising by 12%, Japan is still the second largest luxury market in the world.
Developing countries are more prominent, with China's growth rate of 35%, Brazil's 20% and Middle East 12%, while Chinese consumers' luxury consumption accounts for 20% of the world's total.
From the general category,
clothing
In 2011, the growth rate was 8%, the growth rate of perfume and cosmetics was 3%, accessories increased by 13%, jewelry and watches grew by 18%.
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