SAN FRANCISCO, March 15, 2011 /PRNewswire/ -- Kurt Salmon released this week its Luxury Spending Trajectory, which tracks high-income consumers' intent to spend and confidence in the economy. The index has been highly correlated with luxury same-store sales growth over the last five years.
Based on this strong correlation, the trajectory, which will be released at the start of the month, provides a consumer-driven perspective on the strength of luxury same-store sales for the coming month.
For example, in March, Kurt Salmon expects strong luxury sales, based on a proprietary analysis of luxury consumers' spending sentiments.
"Although the sector's growth has been rocky over the past year," Greg Ellis, retail and luxury strategist, explained, "high-income consumers who traded down and exercised caution during the recession are beginning to indicate a readiness to return to their luxury brands of choice."
SOURCE Kurt Salmon