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Is The Recession Impacting Luxury Brands?
Sunday, July 26, 2009 | By Nader Cserny |
There are a number of ways of tracking general interest in the world’s luxury brands, the most obvious one being annual sales figures. In recent times a more contemporary measure has emerged – the number of times those exclusive brand names are entered into the Google search engine.
Against a backdrop of global economic uncertainty, the fabled “green shoots of recovery” are finally starting to emerge in our internet searches. According to a study published last week, searches for the luxury car brands Aston Martin and Mercedes Benz have increased by a third since the same time last year with Gucci also up by 8 percent. While these searches may be purely aspirational, could they be an indication of increased consumer confidence?



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