New Market Report Now Available: Watches in Italy
Watches continued to be one of the categories that felt the effects of the recession only to a limited extent. Despite the dampened consumer spending confidence, which restrained most FMCG categories, watches performed significantly better than other personal accessories. This was largely due to the fact that luxury watches, which accounted for 38% share of total current value sales, continued to be in demand both among wealthy Italians and affluent tourists - two consumer groups that remained...
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