Luxury retail is thriving in Australia
- as can be seen by the lines of people on the footpath, queued up almost daily to get into Gucci etc. The recent investment that Tiffany has committed to in their new Sydney flagship store also implies confidence in the local market.
High end luxury vehicle marques are also experiencing a great result - Rolls Royce predicts that their sales will increase by between 10-20 percent in Australia in 2019 - and Lamborghini, Porsche and Ferrari also have a similar story. Upmarket furniture retailers, are generally also going from strength to strength, not only with imported European furniture, but also with high end Australian designed furniture.
Luxury is perceived differently by everyone however, there is common ground that most will agree upon which is the recognition of brands that define luxury.