Global Luxury Goods Sales on Track to Hit Record High, According to Study

Louis Vuitton logo brad is seen outside a Louis Vuitton store in Paris, France, on Jan. 27, 2020. Gonzalo Fuentes/Reuters

Global sales of luxury goods are in the middle of a boom, despite growing inflation rates, according to industry forecasts.

Growth appears to be encouraged by a surge in post-pandemic demand by younger consumers, for apparel, handbags, jewelry, footwear, and other accessories.