luxury goods

Popular Terms
Products which are not necessary but which tend to make life more pleasant for the consumer. In contrast with necessity goods, luxury goods are typically more costly and are often bought by individuals that have a higher disposable income or greater accumulated wealth than the average.

Notable Quotable

A Taste of Luxury May be All a Company Needs
"Coach, which we originally bought in 2002, is the poster child of tapping into this global trend of consumers wanting to trade up in the quality and style of what they buy. Through strong or weak economies, we think that companies that provide affordable luxury, who give the average person the chance to indulge in a special treat, will be extremely well rewarded in years to come."
- Shawn Kravetz

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