Sales

3.0 Bargaining power of buyers The main customers for luxury mould assiduity atomic number 18 individual customers. 3.1 Number of customer in the grocery harmonize to the offset of the luxury fashion perseverance in new-fashioned years,it is considered that eh fall of customer in this market is utmost. The compound yearly growth rate for clothing, accessories and luxury goods increased by 5.1% in the midst of 2004 and 2009 (Clothing,aaccessories and luxury good Retaling,2011). Also,in 2010,Hermes recorded an increase of 38% of sales in the rest of Asia including Australia (Hermes 2010) . The increase in the industry growth rate and Hermes sales prove that people, particularly the noble and tenderness class, be continuing buying luxury garment and the phone number of buyers is increasing. 3.2 Avail readiness of substitutes There is no substitute buyer for the luxury fashion industry unconnected from individual customers. The reason for this comes from the high cost of the product. Since high fashion clothes are expensive, it plumb impossible for retailers to make any profit selling them spikelet to another party.

Moreover, buyers of luxury goods are not only looking for at the product itself tho also prefer to be treated specially and are looking for a elegant shopping atmosphere and chess opening a retention in departments like David Jones,Myer or merchandise will limit the ability of satisfying these particular requirements. Overall, the approachability of substitute buyers is low. 3.3 Analysis Given that the number of customer in the market is high and th e availability of substitutes is low,the ba! rgain power of buyers is moderate. http://www.datamonitor.com/store/Product/clothing_accessories_and_luxury_goods_retailing_in_australia?productid=DBVT5926If you want to nettle a full essay, rig it on our website: OrderCustomPaper.com

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