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Article: Luxury Apparel Market in Russia: 2009 - Order Now.
- Article from:
- Investment Weekly News
- Article date:
- July 11, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Research and Markets (http://www.researchandmarkets.com/research/32dc22/luxury_apparel_mar) has announced the addition of the "Luxury Apparel Market in Russia: 2009" report to their offering.
The Russian luxury market is dramatically transforming under the influence of the economic crisis. Stagnation of the Russian economy, devaluation of the national currency, the growth of unemployment, and the falling of purchasing power will reduce value of the Russian apparel market. IndexBox predict consumers' expenditures for luxury apparel, footwear, and accessories will fall 30% in 2009, compared with the same period of the previous year. The main Russian market ...