2010 is proving to be a great year for luxury sales.
Like Selfridges, UK department store Harrods says their figures are up way up compared to last year.
Managing director Michael Ward boasts:
"This year has been the year of the French fashion brands. Chanel is doing phenomenally well. And then Louis Vuitton, Dior, Lanvin - all the big, beautiful brands."
Thanks to these posh brands, Harrods annual sales have grown to over $1.5 billion, which is $230 million more than 2009.
[Image via Abaca USA.]
Tags: 2010 sales, french brands, french labels, harrods, increase sales, luxury sales, selfridges
Good news for luxury retailers!
LVMH is reporting an 11% increase in total sales in the first quarter. They also boast sales were up 10% in fashion, 12% in cosmetics, 20% in booze and 34% in jewelry.
Time to celebrate! Pop that bottle of Moet et Chandon!
[Image via Getty Images.]
Tags: first quarter, luxury sales, retail sales, sales increase