Expensive Luxury Gadget

The three dominant trends in the global luxury goods market are globalization, consolidation, and diversification. Globalization is a result the increased availability these goods, additional luxury brands, and an increase in tourism. Consolidation involves the growth big companies and ownership brands across many segments luxury products. Examples include LVMH, Richemont, and PPR, which dominate the market in areas ranging from luxury drinks to fashion and cosmetics. Leading global consumer companies, such as Procter & Gamble, are also attracted to the industry, due to the difficulty making a prit in the mass consumer goods market.
Luxury Shopping
Another phenomenon the luxury market are "Luxury Shopping Avenues". Certain Streets like the Milan Via Monte Napoleone, Paris Champs Elysees or the New York 5th Avenue become global shopping windows and places where the luxury brands want to be represented. These retail districts concentrate luxury-type stores that are managed by large corporations, while conventional and independent retailers are pushed out because increasing rent and real estate prices.