The luxury goods industry is being driven in new areas by online sales, which accounted for seven percent of all luxury sales in 2015. Designer apparel and footwear leads all categories in sales, accounting for 39 percent of all global luxury sales. However, luxury jewelry and timepieces are being impacted by the floating Swiss Franc and the luxury clampdown in China. Jewelry and timepieces was actually one of the fastest growing luxury categories but has since dwindled.
Related: Is It Time To Redefine Luxury?
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