{"id":112043,"date":"2021-11-19T12:00:00","date_gmt":"2021-11-19T17:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=112043"},"modified":"2022-11-21T09:49:29","modified_gmt":"2022-11-21T14:49:29","slug":"luxury-goods-sales-have-recovered-to-pre-pandemic-growth","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/luxury-goods-sales-have-recovered-to-pre-pandemic-growth\/","title":{"rendered":"Luxury Goods Sales Have Recovered To Pre-Pandemic Growth"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Luxury goods sales just went from dip to rip.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After plunging due to the global health crisis, the personal luxury goods market returned to pre-pandemic growth in 2021, with sales estimated to top 283 billion euros ($325 billion) by year-end, according to a new report by Bain &amp; Company. That would represent a slight increase from then-record sales of 281 billion euros ($318 billion) in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bain analysts note that these figures include only high-end merchandise, from leather handbags to jewelry to fragrances. Luxury \u201cexperiences,\u201d such as travel and dining, still lag 2019 levels due to the ongoing pandemic.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"900\" height=\"371\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/usg_11-19-21_1.png\" alt=\"Personal luxury good sales estimated to beat their pre covid record\" class=\"wp-image-112044 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/usg_11-19-21_1.png 900w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/usg_11-19-21_1-700x289.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/usg_11-19-21_1-300x124.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/usg_11-19-21_1-768x317.png 768w\" data-sizes=\"(max-width: 900px) 100vw, 900px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 900px; aspect-ratio: 900\/371;\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-young-consumers-in-the-u-s-and-china-powering-growth\"><strong>Young Consumers In The U.S. And China Powering Growth<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The V-shaped recovery was largely powered by the U.S. and China, with U.S. consumers outspending their Chinese counterparts by 1.5 times, the report says.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That\u2019s despite the fact that the luxury market in China has nearly doubled since 2019. Consumers there are so hungry for luxury brands that Louis Vuitton is reportedly considering opening its first duty-free store in China, on the island-province of Hainan, which has rapidly become a luxury shopping destination for Chinese tourists unable to travel overseas due to pandemic restrictions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Louis Vuitton, or LV, is the largest brand in the giant stable of luxury goods companies owned by&nbsp;<em>LVMH<\/em>&nbsp;Mo\u00ebt Hennessy Louis Vuitton. The Paris-based conglomerate reported record revenue of 44.2 billion euros ($51 billion) in the nine months ended September 30, an 11% increase from the same period in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Looking at demographics, the biggest contributors to the global sales recovery in 2021 were millennials and Gen Z, the oldest of whom are 40, according to Bain. These two cohorts are expected to make up 70% of all spending on luxury items by 2025.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-betting-on-future-luxury-growth\"><strong>Betting On Future Luxury Growth<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bain\u2019s report helps underscore the reason why I was interested in providing an easy way for investors to gain access to the luxury goods market. As I\u2019ve said before, there was initially some pushback to the idea, especially during the pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.usfunds.com\/resource\/luxury-goods-sales-have-recovered-to-pre-pandemic-growth-report\/\">Click here to read the full article<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8212;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Originally Posted on November 18, 2021 &#8211;<a href=\"https:\/\/www.usfunds.com\/resource\/luxury-goods-sales-have-recovered-to-pre-pandemic-growth-report\/\"> Luxury Goods Sales Have Recovered To Pre-Pandemic Growth: Report<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. For a portion of periods, the fund had expense limitations, without which returns would have been lower. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any direct fees described in the fund\u2019s prospectus which, if applicable, would lower your total returns. Performance quoted for periods of one year or less is cumulative and not annualized. Obtain performance data current to the most recent month-end at&nbsp;<\/em><a href=\"https:\/\/www.usfunds.com\/\">www.usfunds.com<\/a><em>&nbsp;or 1-800-US-FUNDS.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mutual fund investing involved risk. Principal loss is possible. Stock markets can be volatile and share prices can fluctuate in response to sector-related and other risks as described in the fund prospectus. Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Companies in the consumer discretionary sector are subject to risks associated with fluctuations in the performance of domestic and international economies, interest rate changes, increased competition and consumer confidence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The S&amp;P Composite 1500 serves as a benchmark indicator for U.S. equity market performance, aggregating price movements of S&amp;P 500, S&amp;P MidCap 400 and S&amp;P SmallCap 600. A basis point in one hundredth of a percent, equivalent to 1% of 1%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the Global Luxury Goods Fund as a percentage of net assets as of 9\/30\/2021: LVMH Moet Hennessy Louis Vuitton 1.00%, Tesla Inc. 7.49%, Toyota Motor Corp. 0.00%, Bayerische Motoren Werke AG 2.91%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After plunging due to the global health crisis, the personal luxury goods market returned to pre-pandemic growth in 2021.<\/p>\n","protected":false},"author":36,"featured_media":112044,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4,5,15,16,18,6,8,9,1031,22,26,3],"tags":[200,4198],"contributors-categories":[13633],"class_list":["post-112043","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asia","category-europe-middle-east-africa","category-fixed-income","category-forex","category-macro","category-north-america","category-region","category-securities","category-south-america","category-stocks","category-text-articles","category-traders-insight","tag-luxury","tag-luxury-goods","contributors-categories-us-global-investors"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 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