All eyes on the rise of Resort and Cruise collections

As the pace of growth within the global luxury goods sector continues to slow, more and more luxury labels are turning to their resort and cruise collections to win over waning consumers in the gap between spring/summer and fall/winter collections.

According to a recent study by Italian luxury association firm Fondazione Altagamma and Bain & Co., worldwide sales of luxury items are predicted to grow between 4 and 6 percent this year, less than the 6.5 percent increase witnessed in 2013. “We are entering a new phase for the sector, call it a new normal,” commented Claudia D'Arpizio, partner at Bain & Co. in an interview with Reuters.