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Luxury goods markets are characterized by very high sensitivity to economic upturns and downturns, high profit margins and very tightly controlled brands. Following a nearly crippling attempt to widely licence their brand in the early 1990s for example, the Gucci brand is now largely sold in directly owned stores.

1 Archetypal luxury goods

In popular culture and the public imagination certain goods have become bywords for luxury. These include Beluga caviar, Rolls Royce cars, luxury yachts and so on. Such items are often regarded as status symbols as they tend to signify that the purchaser has significant wealth.

2 Locations

Like other sectors of the retail market, luxury goods retailers like to cluster their stores closely together in order to create a shopping "destination". In the case of luxury goods, these areas are generally in the old and extremely wealthy areas of major world cities. Some of these well-known areas are listed below

PC Hooftstraat , Amsterdam

Via Codotti , RomeRome ( Italian and Latin Roma is the capital city of Italy, and of its Lazio region. It is located on the lower Tiber river, near the Mediterranean Sea, at 41°50'N, 12°15'E. The Vatican City State, a sovereign enclave within Rome, is the seat of the Roman

Sloane Street and Bond StreetBond Street is a major shopping street in London, seen as more upmarket than nearby Regent Street or Oxford Street. It is in the Mayfair district of London. It is also a square on British Monopoly board, the same colour as Regent and Oxford Street. Street, LondonLondon is the capital of the United Kingdom and of England, and with over seven million inhabitants in the Greater London area, is the second-most populous conurbation in Europe (after Moscow). From being Londinium the capital of the Roman province of Bri

Rodeo Drive , Beverly Hills, CaliforniaFor other uses, see: Beverly Hills (disambiguation). Beverly Hills is a city located in Los Angeles County, California, U. which is bordered on the north by the foothills of the Santa Monica Mountains, on the east by the City of West Hollywood and the Fai ( Los Angeles area)

Madison AvenueMadison Avenue is a north-south avenue in the borough of Manhattan in New York City. It runs from Madison Square (at 23rd Street) to the Madison Avenue Bridge at 138th Street. In doing so, it passes through Midtown, the Upper East Side (including Carnegie and Fifth AvenueFifth Avenue is a major thoroughfare in New York City. It runs through the heart of Midtown and along the eastern side of Central Park and is a symbol of ritzy New York. Fifth Avenue extends from the north side of Washington Square Park through Greenwich, New YorkNew York is a state in the northeastern United States whose U. postal abbreviation is NY . It is sometimes called New York State when there is need to distinguish it from New York City. History See: History of New York New York was one of the thirteen col

Place Vendome and Triangle d'Or , Paris