After a tough 2016, earnings growth among luxury retailers is expected to nearly double from 4% to 7% this year, marking a welcome boost in a sluggish market, according to Moody’s Investor Service.
However, the sector isn’t likely to see a return to the double-digit growth it experienced between 2010 and 2013 until 2020 or later.
Growth in this segment could relieve pressure from fierce competition in the space, which has led to huge pullbacks on brick-and-mortar stores and consolidation.. . . more