The growing number of wealthy consumers and their increasing incomes, a rising desire for exclusivity and uniqueness, the strength of branding and brand equity, the expanding influence of social media and digital platforms, and the rapid pace of globalization are driving growth in the luxury industry.
Therefore, investors could consider looking into luxury stocks, Movado Group, Inc. (MOV), Brilliant Earth Group, Inc. (BRLT), and Fossil Group, Inc. (FOSL), which look affordable at their current valuations.
