Report: Global luxury goods sales growth to slow

05/17/2013 | USA Today

Sales of luxury apparel, accessories, jewelry and cosmetics will grow between 4% and 5% this year, after jumping 10% in 2012, according to a study by Bain & Co. Demand will come from younger consumers in China and the US, while their counterparts in Europe and Japan will spend less on high-end goods, the report said.

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