International Developments | Home Textiles Today
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June 16, 2014Hispanics are good for the home furnishings business, says a recent report titled “Upscale Latinos: A Bright Outlook for High-End Marketers.” These “upscale Latinos” fall within the $50,000-$100,000 annual income bracket and tend to have a “consistent level of optimism about safety, well-being and wealth creation,” according the report released in late May by Neilsen and the Association of Hispanic Advertising Agencies (AHAA). That level of consumer confidence leads to increased spending levels that “make this segment an imperative to the U.S. economy and prestige brands,” the report notes. Here are some encouraging take-ways from the ...
The letter O is for October and Opportunity. With the emergence of more sophisticated constructions and designs in performance fabrics, luxury textiles are expanding outdoors. High-end hospitality poses another opportunity, and the sector is poised for billion-dollar growth over the next five years. PLUS, our Product Gallery spotlights the newest spring/summer introductions.
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