Luxury Goods Brands Prepare for Lean Times June 12, 2009
The leaders of luxury goods makers said they are preparing for lean times through 2010 at the the Reuters Global Luxury Summit earlier this week, according to a report in National Jeweler, a sister publication of Incentive.
The chief executives of global firms like Hermes, Lambroghini, and Liz Claiborne, among others, discussed their plans to rachet back expenses as they predict a declining market for high-end luxury goods in the near, and not-so-near, future. Still, some U.S. executives, like the CEO of Saks, are reportedly a little more upbeat about the U.S. market than Europe or Asia.
While the article isn't specifically focused at the corporate sales market, it does give an interesting, and ultimately relevant view from the top of the luxury goods makers that target aspirational buyers—the same basic impulse that fuels much of the incentive merchandise awards market. It's worth checking out.
Incentive/IMRA Sales Excellence Awards Winners Announced Incentive magazine announced the winners of its 15th annual Sales Excellence Awards earlier this week, celebrating the best and most successful independent representative firms in the industry.
U.S. Travel Association Forms Meetings, Incentives, Trade Show Council The U.S. Travel Association has created a new board member council that will build a proactive meetings and incentives research, communications, government relations and promotion agenda, it announced yesterday.
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