NEW YORK ( TheStreet) -- Luxury goods sales are proving resilient in an otherwise volatile market. With the holiday season in full swing, luxury goods stores are reporting explosive sales. This trend is expected to continue through the holiday season and into the New Year.Bain & Company forecasts 18% growth for watches and jewelry sales in 2011 as consumers are increasingly migrating from unbranded luxury purchases to branded purchases. The firm forecasts 14% growth for brand-owned stores, which is 50% higher than the increase forecast for third-party retailers, and estimates that direct-owned boutiques now represent 30% of luxury sales worldwide.
5 Luxury Goods Stocks for Santa Claus Rally
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