According to a study by Fortune Business Insights™, the global luxury goods market is set to gain traction from the introduction of fashion-forward and innovatively created products. The report further states that the market size was USD 316.16 billion in 2019. It is projected to grow from USD 257.26 billion in 2020 to USD 352.84 billion in 2027 at a CAGR of 4.6% in the forecast period. Luxury Retail Stocks are on our watchlist for a long while now.
SFLMaven Corp (OTC PINK:SFLM)’s management notes that the company anticipates the rest of the year will deliver a higher average pace of sales than the preceding months of 2021 based on seasonal factors as well as situational factors involved in supply chain problems currently being faced by primary jewellery dealers. This follows last week’s announcement that SFLMaven’s sales, year to date, are up on a year-over-year basis by nearly 34% in 2021.
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