luxury market
High-end retail
The luxury market is the commercial sector dealing in high-end goods and services—designer fashion, fine jewelry, premium automobiles, exclusive real estate.
It targets affluent consumers willing to pay premium prices for quality, prestige, or exclusivity.
The handbag brand repositioned itself to compete in the luxury market.
Economic downturns often hit the luxury market less than expected, as the wealthy maintain spending power.
- haute coutureCustom luxury dressmaking
- fine diningElegant restaurant experience
- bottle serviceExclusive club drink package
- fine artAesthetic visual creations
- high fashionLuxury designer apparel industry
red carpet · gold · caviar · prestige · old money · trust fund · fur · heritage · jewelry · conspicuous consumption · private jets · first class · bespoke · personal shopper · concierge services · exclusivity · champagne · silk
- housing trendshousing bubble, housing shortage, affordable housing, gentrification, suburbanization
- market segmentssegments, demographics, demographic, geographic, behavioral
- furniturebed, beds, chair, chairs, table
- marketsmarketplace, bazaar, souk, vendors, food stalls