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Luxury goods

Index Luxury goods

In economics, a luxury good (or upmarket good) is a good for which demand increases more than proportionally as income rises, and is a contrast to a "necessity good", where demand increases proportionally less than income. [1]

175 relations: Abdi İpekçi Street, Admiralty, Hong Kong, Altar in the Catholic Church, Amsterdam, Aoyama, Minato, Tokyo, Applied arts, Art history, Athens, Avenida da Liberdade (Lisbon), Avenida Presidente Masaryk, Avenue Louise, Avenue Montaigne, İstinye Park, Bangalore, Barcelona, Barneys New York, Berlin, Beverly Hills, California, Biblioteksgatan, Bond Street, Boston, Bottled water, Brand, Brussels, Bukit Bintang, Car, Castlereagh Street, Central, Hong Kong, Champagne, Champs-Élysées, Chicago, Clothing, Coffee, Cognac, Collecting, Collins Street, Melbourne, Commodity fetishism, Consolidation (business), Conspicuous consumption, David Jones Limited, Düsseldorf, Demand, Designer clothing, Designer label, Diversification (marketing strategy), Domestic worker, Economics, Economist Intelligence Unit, Economy of China, Economy of Japan, ..., English country house, Euro, Fashion design, Feminine hygiene, Fifth Avenue, Florence, Food, Fortnum & Mason, France, Frankfurt, Freßgass, Ginza, Globalization, Goods, Hamburg, Harrods, Harvey Nichols, Haute couture, High fidelity, Holt Renfrew, Hong Kong, Huaihai Road, Illuminated manuscript, Income, Income elasticity of demand, Inferior good, Isetan, Istanbul, Jewellery, Johannesburg, Kaufhaus des Westens, Königsallee, Kering, Kolonaki, Kuala Lumpur, Kuala Lumpur City Centre, Kurfürstendamm, Lane Crawford, Le Bon Marché, Leeds, Lisbon, Liturgical book, London, Lord & Taylor, Los Angeles, Louis Vuitton, Luxury packaging, Luxury vehicle, LVMH, Madison Avenue, Madrid, Mansion, Manuscript, Maximilianstraße (Munich), Melbourne, Mexico City, Middle Ages, Middle class, Milan, Mink Mile, Monastery, Moscow, Munich, Necessity good, Neiman Marcus, Nelson Mandela Square, Neuer Wall, New York City, Newbury Street, Normal good, Oak Street (Chicago), Orchard Road, P.C. Hooftstraat, Paris, Passeig de Gràcia, Barcelona, Positional good, Prague, Price elasticity of demand, Procter & Gamble, Profit (accounting), Public relations, Real estate, Revenue, Richemont, Rodeo Drive, Rome, Rua Oscar Freire, Rue du Faubourg Saint-Honoré, Sacristy, Saks Fifth Avenue, Sandton, São Paulo, Sculpture, Selfridges, Shanghai, Singapore, Sloane Street, SoHo, Manhattan, Status symbol, Stockholm, Sumptuary law, Superior good, Sydney, Tea, Tokyo, Toronto, Tourism, Treasure binding, Tsim Sha Tsui, Tverskaya Street, UB City, Veblen good, Via Condotti, Via de' Tornabuoni, Via Monte Napoleone, Victoria Leeds, Voukourestiou Street, Watch, Wealth, Wealth effect, West Covina, California, Whisky, Wine, Yacht, 1997 Asian financial crisis. Expand index (125 more) »

Abdi İpekçi Street

Abdi İpekçi Street or Abdi İpekçi Avenue (Abdi İpekçi Caddesi) is one of the premier shopping streets of İstanbul, Turkey, located in the Şişli district.

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Admiralty, Hong Kong

Admiralty is the eastern extension of the central business district (adjacent to, but separate from, Central) on the Hong Kong Island of Hong Kong.

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Altar in the Catholic Church

In a Catholic church, the altar is the structure upon which the Eucharist is celebrated.

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Amsterdam

Amsterdam is the capital and most populous municipality of the Netherlands.

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Aoyama, Minato, Tokyo

is one of the wealthiest neighborhoods of Tokyo, located in the northwest portion of Minato Ward.

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Applied arts

The applied arts are the application of design and decoration to everyday objects to make them aesthetically pleasing.

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Art history

Art history is the study of objects of art in their historical development and stylistic contexts; that is genre, design, format, and style.

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Athens

Athens (Αθήνα, Athína; Ἀθῆναι, Athênai) is the capital and largest city of Greece.

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Avenida da Liberdade (Lisbon)

Avenida da Liberdade (literally "Liberty Avenue" in Portuguese) is an important avenue in central Lisbon, Portugal.

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Avenida Presidente Masaryk

Avenida Presidente Masaryk is a thoroughfare in the affluent Polanco neighborhood of Mexico City.

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Avenue Louise

Avenue Louise (French) or Louizalaan (Dutch) is a major thoroughfare in Brussels.

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Avenue Montaigne

Avenue Montaigne is a street in the 8th arrondissement of Paris, France.

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İstinye Park

Istinye Park is a shopping center in the İstinye quarter of Istanbul, Turkey with 291 stores, 85,250 m2 of retail area, and four levels of underground parking.

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Bangalore

Bangalore, officially known as Bengaluru, is the capital of the Indian state of Karnataka.

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Barcelona

Barcelona is a city in Spain.

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Barneys New York

Barneys New York Inc. is an American chain of luxury department stores founded and headquartered in New York, New York.

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Berlin

Berlin is the capital and the largest city of Germany, as well as one of its 16 constituent states.

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Beverly Hills, California

Beverly Hills is an affluent city in Los Angeles County, California, United States, surrounded by the cities of Los Angeles and West Hollywood.

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Biblioteksgatan

Biblioteksgatan (Swedish for "Library Street") is a street in Norrmalm in central Stockholm.

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Bond Street

Bond Street is a major shopping street in the West End of London.

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Boston

Boston is the capital city and most populous municipality of the Commonwealth of Massachusetts in the United States.

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Bottled water

Bottled water is drinking water (e.g., well water, distilled water, mineral water, or spring water) packaged in PET Bottle or Glass Water Bottles.

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Brand

A brand is a name, term, design, symbol, or other feature that distinguishes an organization or product from its rivals in the eyes of the customer.

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Brussels

Brussels (Bruxelles,; Brussel), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (Région de Bruxelles-Capitale, Brussels Hoofdstedelijk Gewest), is a region of Belgium comprising 19 municipalities, including the City of Brussels, which is the de jure capital of Belgium.

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Bukit Bintang

Bukit Bintang (stylised as Bintang Walk or Starhill, the latter being a translation of the Malay name) is the shopping and entertainment district of Kuala Lumpur, Malaysia.

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Car

A car (or automobile) is a wheeled motor vehicle used for transportation.

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Castlereagh Street

Castlereagh Street is a major street located in the central business district of Sydney in New South Wales, Australia.

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Central, Hong Kong

Central (also Central District) is the central business district of Hong Kong.

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Champagne

Champagne is sparkling wine or, in EU countries, legally only that sparkling wine which comes from the Champagne region of France.

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Champs-Élysées

The Avenue des Champs-Élysées is an avenue in the 8th arrondissement of Paris, long and wide, running between the Place de la Concorde and the Place Charles de Gaulle, where the Arc de Triomphe is located.

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Chicago

Chicago, officially the City of Chicago, is the third most populous city in the United States, after New York City and Los Angeles.

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Clothing

Clothing (also known as clothes and attire) is a collective term for garments, items worn on the body.

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Coffee

Coffee is a brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.

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Cognac

Cognac is a variety of brandy named after the town of Cognac, France.

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Collecting

The hobby of collecting includes seeking, locating, acquiring, organizing, cataloging, displaying, storing, and maintaining items that are of interest to an individual collector.

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Collins Street, Melbourne

Collins Street is a major street in the centre of Melbourne, Victoria in Australia.

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Commodity fetishism

In Karl Marx's critique of political economy, commodity fetishism is the perception of the social relationships involved in production, not as relationships among people, but as economic relationships among the money and commodities exchanged in market trade.

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Consolidation (business)

In business, consolidation or amalgamation is the merger and acquisition of many smaller companies into a few much larger ones.

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Conspicuous consumption

Conspicuous consumption is the spending of money on and the acquiring of luxury goods and services to publicly display economic power—of the income or of the accumulated wealth of the buyer.

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David Jones Limited

David Jones Pty Limited, trading as David Jones (colloquially DJs), is an Australian upmarket department store, owned since 2014 by South African retail group Woolworths Holdings Limited.

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Düsseldorf

Düsseldorf (Low Franconian, Ripuarian: Düsseldörp), often Dusseldorf in English sources, is the capital city of the German state of North Rhine-Westphalia and the seventh most populous city in Germany. Düsseldorf is an international business and financial centre, renowned for its fashion and trade fairs.

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Demand

In economics, demand is the quantities of a commodity or a service that people are willing and able to buy at various prices, over a given period of time.

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Designer clothing

Designer clothing is clothing that bears the logo of a recognizable fashion designer.

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Designer label

The term designer label refers to clothing, luxury automobile manufacturers and other personal accessory items sold under an often prestigious marque which is commonly named after a designer, founder or location where the company was founded such as BMW.

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Diversification (marketing strategy)

Diversification is a corporate strategy to enter into a new market or industry in which the business doesn't currently operate, while also creating a new product for that new market.

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Domestic worker

A domestic worker, domestic helper, domestic servant, manservant or menial, is a person who works within the employer's household.

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Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

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Economist Intelligence Unit

The Economist Intelligence Unit (EIU) is a British business within the Economist Group providing forecasting and advisory services through research and analysis, such as monthly country reports, five-year country economic forecasts, country risk service reports, and industry reports.

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Economy of China

The socialist market economy of the People's Republic of China is the world's second largest economy by nominal GDP and the world's largest economy by purchasing power parity according to the International Monetary Fund (IMF), although China's National Bureau of Statistics denies the latter assessment.

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Economy of Japan

The economy of Japan is a highly developed and market-oriented economy.

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English country house

An English country house is a large house or mansion in the English countryside.

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Euro

The euro (sign: €; code: EUR) is the official currency of the European Union.

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Fashion design

Fashion design is the art of applying design, aesthetics and natural beauty to clothing and its accessories.

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Feminine hygiene

Feminine hygiene products (also called menstrual hygiene products) are personal care products used by women, for menstruation, vaginal discharge, and other bodily functions related to the vulva and vagina.

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Fifth Avenue

Fifth Avenue is a major thoroughfare in the borough of Manhattan in New York City, United States.

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Florence

Florence (Firenze) is the capital city of the Italian region of Tuscany.

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Food

Food is any substance consumed to provide nutritional support for an organism.

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Fortnum & Mason

Fortnum & Mason (colloquially often shortened to just "Fortnum's") is an upmarket department store in Piccadilly, London, with additional stores at St Pancras railway station and Heathrow Airport in London, as well as various stockists worldwide.

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France

France, officially the French Republic (République française), is a sovereign state whose territory consists of metropolitan France in Western Europe, as well as several overseas regions and territories.

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Frankfurt

Frankfurt, officially the City of Frankfurt am Main ("Frankfurt on the Main"), is a metropolis and the largest city in the German state of Hesse and the fifth-largest city in Germany.

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Freßgass

Freßgass (literally, "Grazing Street") is an upmarket shopping street in the city centre of Frankfurt, Germany, located in the district of Innenstadt and within the central business district known as the Bankenviertel.

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Ginza

is a district of Chūō, Tokyo, located south of Yaesu and Kyōbashi, west of Tsukiji, east of Yūrakuchō and Uchisaiwaichō, and north of Shinbashi.

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Globalization

Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide.

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Goods

In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.

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Hamburg

Hamburg (locally), Hamborg, officially the Free and Hanseatic City of Hamburg (Freie und Hansestadt Hamburg, Friee un Hansestadt Hamborg),Constitution of Hamburg), is the second-largest city of Germany as well as one of the country's 16 constituent states, with a population of roughly 1.8 million people. The city lies at the core of the Hamburg Metropolitan Region which spreads across four German federal states and is home to more than five million people. The official name reflects Hamburg's history as a member of the medieval Hanseatic League, a free imperial city of the Holy Roman Empire, a city-state and one of the 16 states of Germany. Before the 1871 Unification of Germany, it was a fully sovereign state. Prior to the constitutional changes in 1919 it formed a civic republic headed constitutionally by a class of hereditary grand burghers or Hanseaten. The city has repeatedly been beset by disasters such as the Great Fire of Hamburg, exceptional coastal flooding and military conflicts including World War II bombing raids. Historians remark that the city has managed to recover and emerge wealthier after each catastrophe. Situated on the river Elbe, Hamburg is home to Europe's second-largest port and a broad corporate base. In media, the major regional broadcasting firm NDR, the printing and publishing firm italic and the newspapers italic and italic are based in the city. Hamburg remains an important financial center, the seat of Germany's oldest stock exchange and the world's oldest merchant bank, Berenberg Bank. Media, commercial, logistical, and industrial firms with significant locations in the city include multinationals Airbus, italic, italic, italic, and Unilever. The city is a forum for and has specialists in world economics and international law with such consular and diplomatic missions as the International Tribunal for the Law of the Sea, the EU-LAC Foundation, and the UNESCO Institute for Lifelong Learning. In recent years, the city has played host to multipartite international political conferences and summits such as Europe and China and the G20. Former German Chancellor italic, who governed Germany for eight years, and Angela Merkel, German chancellor since 2005, come from Hamburg. The city is a major international and domestic tourist destination. It ranked 18th in the world for livability in 2016. The Speicherstadt and Kontorhausviertel were declared World Heritage Sites by UNESCO in 2015. Hamburg is a major European science, research, and education hub, with several universities and institutions. Among its most notable cultural venues are the italic and italic concert halls. It gave birth to movements like Hamburger Schule and paved the way for bands including The Beatles. Hamburg is also known for several theatres and a variety of musical shows. St. Pauli's italic is among the best-known European entertainment districts.

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Harrods

Harrods is a luxury department store located on Brompton Road in Knightsbridge, London.

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Harvey Nichols

Harvey Nichols, founded in 1831, is a luxury British department store chain with a flagship store in Knightsbridge, London.

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Haute couture

Haute couture (French for "high sewing" or "high dressmaking" or "high fashion") is the creation of exclusive custom-fitted clothing.

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High fidelity

High fidelity (often shortened to hi-fi or hifi) is a term used by listeners, audiophiles and home audio enthusiasts to refer to high-quality reproduction of sound.

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Holt Renfrew

Holt, Renfrew & Co., Limited, commonly known as Holt Renfrew or Holt's, is a chain of high-end Canadian department stores specializing in an array of luxury brands and designer boutiques.

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Hong Kong

Hong Kong (Chinese: 香港), officially the Hong Kong Special Administrative Region of the People's Republic of China, is an autonomous territory of China on the eastern side of the Pearl River estuary in East Asia.

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Huaihai Road

Huaihai Road or Huaihai Lu (Shanghainese: Wahae Lu) is one of the two major shopping streets in Shanghai, China; the other is Nanjing Road.

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Illuminated manuscript

An illuminated manuscript is a manuscript in which the text is supplemented with such decoration as initials, borders (marginalia) and miniature illustrations.

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Income

Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.

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Income elasticity of demand

In economics, income elasticity of demand measures the responsiveness of the quantity demanded for a good or service to a change in the income of the people demanding the good.

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Inferior good

In economics, an inferior good is a good whose demand decreases when consumer income rises (or demand rises when consumer income decreases), unlike normal goods, for which the opposite is observed.

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Isetan

(unlisted on March 26, 2008) is a Japanese department store.

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Istanbul

Istanbul (or or; İstanbul), historically known as Constantinople and Byzantium, is the most populous city in Turkey and the country's economic, cultural, and historic center.

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Jewellery

Jewellery (British English) or jewelry (American English)see American and British spelling differences consists of small decorative items worn for personal adornment, such as brooches, rings, necklaces, earrings, pendants, bracelets, and cufflinks.

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Johannesburg

Johannesburg (also known as Jozi, Joburg and Egoli) is the largest city in South Africa and is one of the 50 largest urban areas in the world.

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Kaufhaus des Westens

The Kaufhaus des Westens (English "Department Store of the West"), usually abbreviated to KaDeWe, is a department store in Berlin.

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Königsallee

The Königsallee (literally "King's Avenue") is an urban boulevard in Düsseldorf, state capital of North Rhine-Westphalia, Germany.

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Kering

Kering S.A. is an international luxury group based in Paris, France.

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Kolonaki

Kolonaki, literally "Little Column", is a neighborhood in central Athens, Greece.

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Kuala Lumpur

Kuala Lumpur, officially the Federal Territory of Kuala Lumpur (Wilayah Persekutuan Kuala Lumpur), or commonly known as KL, is the national capital of Malaysia as well as its largest city in the country.

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Kuala Lumpur City Centre

Kuala Lumpur City Centre (KLCC) is a multipurpose development area in Kuala Lumpur, Malaysia.

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Kurfürstendamm

The Kurfürstendamm (colloquially Ku'damm) is one of the most famous avenues in Berlin.

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Lane Crawford

Lane Crawford is a retail company with specialty stores selling designer label luxury goods in Hong Kong and China.

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Le Bon Marché

Le Bon Marché (lit. "the good market", or "the good deal" in French) is a department store in Paris.

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Leeds

Leeds is a city in the metropolitan borough of Leeds, in the county of West Yorkshire, England.

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Lisbon

Lisbon (Lisboa) is the capital and the largest city of Portugal, with an estimated population of 552,700, Census 2011 results according to the 2013 administrative division of Portugal within its administrative limits in an area of 100.05 km2.

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Liturgical book

A liturgical book, or service book, is a book published by the authority of a church body that contains the text and directions for the liturgy of its official religious services.

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London

London is the capital and most populous city of England and the United Kingdom.

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Lord & Taylor

Lord & Taylor is a department store in the United States, the oldest department store in the country.

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Los Angeles

Los Angeles (Spanish for "The Angels";; officially: the City of Los Angeles; colloquially: by its initials L.A.) is the second-most populous city in the United States, after New York City.

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Louis Vuitton

Louis Vuitton Malletier, commonly referred to as Louis Vuitton, or shortened to LV, is a French fashion house and luxury retail company founded in 1854 by Louis Vuitton.

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Luxury packaging

Luxury and specialty packaging is the design, research, development, and manufacturing of packaging, displays, and for luxury brands.

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Luxury vehicle

Luxury vehicle is a marketing term for a vehicle that provides luxury—pleasant or desirable features beyond strict necessity—at increased expense.

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LVMH

LVMH Moët Hennessy Louis Vuitton SE, also known as LVMH, is a French multinational luxury goods conglomerate headquartered in Paris.

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Madison Avenue

Madison Avenue is a north-south avenue in the borough of Manhattan in New York City, United States, that carries northbound one-way traffic.

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Madrid

Madrid is the capital of Spain and the largest municipality in both the Community of Madrid and Spain as a whole.

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Mansion

A mansion is a large dwelling house.

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Manuscript

A manuscript (abbreviated MS for singular and MSS for plural) was, traditionally, any document written by hand -- or, once practical typewriters became available, typewritten -- as opposed to being mechanically printed or reproduced in some indirect or automated way.

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Maximilianstraße (Munich)

The Maximilianstraße in Munich is one of the city's four royal avenues next to the Brienner Straße, the Ludwigstraße and the Prinzregentenstraße.

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Melbourne

Melbourne is the state capital of Victoria and the second-most populous city in Australia and Oceania.

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Mexico City

Mexico City, or the City of Mexico (Ciudad de México,; abbreviated as CDMX), is the capital of Mexico and the most populous city in North America.

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Middle Ages

In the history of Europe, the Middle Ages (or Medieval Period) lasted from the 5th to the 15th century.

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Middle class

The middle class is a class of people in the middle of a social hierarchy.

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Milan

Milan (Milano; Milan) is a city in northern Italy, capital of Lombardy, and the second-most populous city in Italy after Rome, with the city proper having a population of 1,380,873 while its province-level municipality has a population of 3,235,000.

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Mink Mile

Mink Mile is an upscale shopping district in the neighbourhood of Yorkville in Toronto, Ontario, Canada, along Bloor Street between Yonge Street and Avenue Road.

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Monastery

A monastery is a building or complex of buildings comprising the domestic quarters and workplaces of monastics, monks or nuns, whether living in communities or alone (hermits).

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Moscow

Moscow (a) is the capital and most populous city of Russia, with 13.2 million residents within the city limits and 17.1 million within the urban area.

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Munich

Munich (München; Minga) is the capital and the most populated city in the German state of Bavaria, on the banks of the River Isar north of the Bavarian Alps.

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Necessity good

In Economics, a necessity good or a necessary good is a type of normal good.

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Neiman Marcus

Neiman Marcus Group Inc., originally Neiman-Marcus, is an American department store owned by the Neiman Marcus Group, headquartered in Dallas, Texas.

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Nelson Mandela Square

Nelson Mandela Square is a public square and shopping centre in Sandton, Johannesburg, South Africa.

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Neuer Wall

Neuer Wall is an upmarket shopping street in Hamburg, Germany.

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New York City

The City of New York, often called New York City (NYC) or simply New York, is the most populous city in the United States.

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Newbury Street

Newbury Street is located in the Back Bay area of Boston, Massachusetts, in the United States.

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Normal good

In economics, a normal good is any good for which demand increases when income increases, i.e. with a positive income elasticity of demand.

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Oak Street (Chicago)

Oak Street is a short street in Chicago's Gold Coast neighborhood, adjacent to North Michigan Avenue.

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Orchard Road

Orchard Road is a 2.2 kilometre-long major road in the Central Area of Singapore.

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P.C. Hooftstraat

The P.C. Hooftstraat is a shopping street in Amsterdam, Netherlands.

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Paris

Paris is the capital and most populous city of France, with an area of and a population of 2,206,488.

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Passeig de Gràcia, Barcelona

Passeig de Gràcia is one of the major avenues in Barcelona (Catalonia) and one of its most important shopping and business areas, containing several of the city's most celebrated pieces of architecture.

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Positional good

Positional goods are goods valued only by how they are distributed among the population, not by how many goods there are in total.

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Prague

Prague (Praha, Prag) is the capital and largest city in the Czech Republic, the 14th largest city in the European Union and also the historical capital of Bohemia.

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Price elasticity of demand

Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes.

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Procter & Gamble

Procter & Gamble Co. (P&G) is an American multi-national consumer goods corporation headquartered in downtown Cincinnati, Ohio, founded in 1837 by British American William Procter and Irish American James Gamble.

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Profit (accounting)

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business).

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Public relations

Public relations (PR) is the practice of managing the spread of information between an individual or an organization (such as a business, government agency, or a nonprofit organization) and the public.

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Real estate

Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.

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Revenue

In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers.

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Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert.

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Rodeo Drive

Rodeo Drive is a two-mile-long street, primarily in Beverly Hills, California, with its southern segment in the City of Los Angeles.

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Rome

Rome (Roma; Roma) is the capital city of Italy and a special comune (named Comune di Roma Capitale).

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Rua Oscar Freire

Rua Oscar Freire (in English: Oscar Freire Street) is a tree-lined street stretching from Alameda Casa Branca to Avenida Doutor Arnaldo in the Jardins district of São Paulo.

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Rue du Faubourg Saint-Honoré

The rue du Faubourg Saint-Honoré is a street in Paris, France.

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Sacristy

A sacristy is a room for keeping vestments (such as the alb and chasuble) and other church furnishings, sacred vessels, and parish records.

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Saks Fifth Avenue

Saks Fifth Avenue is an American luxury department store owned by the oldest commercial corporation in North America, the Hudson's Bay Company.

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Sandton

Sandton is an affluent area situated in the Johannesburg Municipality, Gauteng, South Africa.

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São Paulo

São Paulo is a municipality in the southeast region of Brazil.

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Sculpture

Sculpture is the branch of the visual arts that operates in three dimensions.

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Selfridges

Selfridges, also known as Selfridges & Co., is a chain of high end department stores in the United Kingdom, operated by Selfridges Retail Limited.

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Shanghai

Shanghai (Wu Chinese) is one of the four direct-controlled municipalities of China and the most populous city proper in the world, with a population of more than 24 million.

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Singapore

Singapore, officially the Republic of Singapore, is a sovereign city-state and island country in Southeast Asia.

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Sloane Street

Sloane Street is a major London street in the Royal Borough of Kensington and Chelsea which runs north to south, from Knightsbridge to Sloane Square, crossing Pont Street about halfway along.

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SoHo, Manhattan

SoHo, sometimes written Soho, is a neighborhood in Lower Manhattan, New York City, which in recent history came to the public's attention for being the location of many artists' lofts and art galleries, but is now better known for its variety of shops ranging from trendy upscale boutiques to national and international chain store outlets.

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Status symbol

A status symbol is a perceived visible, external denotation of one's social position and perceived indicator of economic or social status.

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Stockholm

Stockholm is the capital of Sweden and the most populous city in the Nordic countries; 952,058 people live in the municipality, approximately 1.5 million in the urban area, and 2.3 million in the metropolitan area.

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Sumptuary law

Sumptuary laws (from Latin sumptuāriae lēgēs) are laws that attempt to regulate consumption; Black's Law Dictionary defines them as "Laws made for the purpose of restraining luxury or extravagance, particularly against inordinate expenditures in the matter of apparel, food, furniture, etc." Historically, they were laws that were intended to regulate and reinforce social hierarchies and morals through restrictions, often depending upon a person's social rank, on their permitted clothing, food, and luxury expenditures.

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Superior good

Superior goods make up a larger proportion of consumption as income rises, and therefore are a type of normal goods in consumer theory.

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Sydney

Sydney is the state capital of New South Wales and the most populous city in Australia and Oceania.

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Tea

Tea is an aromatic beverage commonly prepared by pouring hot or boiling water over cured leaves of the Camellia sinensis, an evergreen shrub (bush) native to Asia.

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Tokyo

, officially, is one of the 47 prefectures of Japan and has been the capital since 1869.

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Toronto

Toronto is the capital city of the province of Ontario and the largest city in Canada by population, with 2,731,571 residents in 2016.

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Tourism

Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours.

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Treasure binding

A treasure binding, or jewelled bookbinding / jeweled bookbinding is a luxurious book cover using metalwork in gold or silver, jewels and ivory, perhaps in addition to more usual bookbinding material for book-covers such as leather, velvet, or other cloth.

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Tsim Sha Tsui

Tsim Sha Tsui, often abbreviated as TST, is an urban area in southern Kowloon, Hong Kong.

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Tverskaya Street

Tverskaya Street (p), known between 1935 and 1990 as Gorky Street (улица Горького), is the main radial street in Moscow.

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UB City

UB City is the biggest luxury commercial property project in Bangalore, India.

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Veblen good

Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases, an apparent contradiction of the law of demand.

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Via Condotti

Via Condotti (officially Via dei Condotti) is a busy and fashionable street of Rome, Italy.

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Via de' Tornabuoni

Via de' Tornabuoni, or Via Tornabuoni, is a street at the center of Florence, Italy, that goes from Antinori square to ponte Santa Trinita, across Santa Trinita square, characterized by the presence of fashion boutiques.

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Via Monte Napoleone

Via Monte Napoleone, also spelled Via Montenapoleone, is an upscale shopping street in Milan, Italy.

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Victoria Leeds

Victoria Leeds is a shopping and leisure area in Leeds city centre.

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Voukourestiou Street

Voukourestiou Street (Greek: Οδός Βουκουρεστίου, Odos Voukourestiou) named after the Treaty of Bucharest, which in 1913 ended the second Balkan War, is a rather narrow street in the Kolonaki district of Athens known for its high-end boutiques.

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Watch

A watch is a timepiece intended to be carried or worn by a person.

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Wealth

Wealth is the abundance of valuable resources or valuable material possessions.

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Wealth effect

The wealth effect is the change in spending that accompanies a change in perceived wealth.

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West Covina, California

West Covina is a city in Los Angeles County, California, located east of Downtown Los Angeles in the eastern San Gabriel Valley and is part of Greater Los Angeles.

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Whisky

Whisky or whiskey is a type of distilled alcoholic beverage made from fermented grain mash.

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Wine

Wine is an alcoholic beverage made from grapes fermented without the addition of sugars, acids, enzymes, water, or other nutrients.

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Yacht

A yacht is a watercraft used for pleasure or sports.

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1997 Asian financial crisis

The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion.

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Consumer Discretionary, Consumer discretionary, Contemporary luxury, High End, High end, High-End, High-end, HighEnd, Luxuries, Luxury Retailers, Luxury Services, Luxury brand, Luxury brands, Luxury department stores, Luxury good, Luxury goods market, Luxury item, Luxury market, Luxury product, Luxury services, Luxury shopping, Luxury-goods, Prestige brand, Up-market, Upmarket, Upscale shopping.

References

[1] https://en.wikipedia.org/wiki/Luxury_goods

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