Global luxury goods sales slowing

Associated Press
Global luxury goods sales slowing

Claudia D'Arpizio, Partner of Bain & Company attends a news conference in Milan, Italy, Thursday, May 16, 2013. A study says global sales of luxury goods are off to a slow start in 2013 and aren't expected to match the double-digit growth of the last three years. Consultancy Bain & Co. said Thursday in a report that sales of luxury apparel, accessories, jewelry, cosmetics and art are expected to grow just 4 percent to 5 percent in 2013. (AP Photo/Luca Bruno)

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