Luxury goods sector beginning to feel pinch - “Absolute” luxury goods fare much better. - The worldwide luxury goods market, which is usually relatively immune to crises, is beginning to feel the effects of the recession, according to a sectoral study by Bain & Company published on 29 October. For the first time in six years, the luxury goods industry is likely to go into recession in 2009, with a -2% fall in sales when using current exchange rates, or a -7% decline when using constant...