Last posts on depreciation2024-03-28T16:48:29+01:00All Rights Reserved blogSpirithttps://starter.blogspirit.com/https://starter.blogspirit.com/fr/explore/posts/tag/depreciation/atom.xmlpjourdanhttp://whatsnewinmarketing.blogspirit.com/about.html#Russia’s #economic trials paves #opportunity for #luxury [#depreciation #tourism #accessories]tag:whatsnewinmarketing.blogspirit.com,2016-10-14:30812172016-10-14T12:56:03+02:002016-10-14T12:56:03+02:00 Russia’s economic trials paves opportunity for luxury By Staff...
<p><img src="http://whatsnewinmarketing.blogspirit.com/media/02/02/1130751112.jpg" id="media-937970" alt="" /></p><p style="text-align: center;"><span style="text-decoration: underline;"><strong><span style="font-size: 12pt;">Russia’s economic trials paves opportunity for luxury</span></strong></span></p><p style="text-align: justify;">By Staff Reports, 2016-10-10+, Luxury Daily, Retail</p><p style="text-align: justify;">Devalued currency rates in Russia have spurred an uptick in tourism and the purchase of luxury accessories within the market.</p><p style="text-align: justify;">Although Russia’s luxury sector has had its share of highs and lows, many brands have worked to capitalize on its potential.</p><p style="text-align: justify;"><strong>With the depreciation of the Russian ruble, the Russian market recognized a +2% increase in purchased personal accessories (in rubles), compared to US dollar purchases which declined by -30%.</strong></p><p style="text-align: justify;">Despite the depreciation,<strong> Russian affluents opted to stay local to shop, rather than flying to destinations such as London or Paris </strong>to effectuate high-end purchases, since the prices of luxury goods became more attractive at home.</p><p style="text-align: justify;"><a title="Russia’s economic trials paves opportunity for luxury" href="http://bit.ly/2dOFhfp">[READ THE ENTIRE ARTICLE]</a></p>