08 Nov '11, 7am

68% of luxury goods shoppers plan to continue buying

68% of luxury goods shoppers plan to continue buying

Despite the current economic woes in the global economy, shoppers in Singapore will continue to spend on luxury items in the coming months, with some even intending to spend more. -- PHOTO: LOUIS VUITTON Despite the current economic woes in the global economy, shoppers in Singapore will continue to spend on luxury items in the coming months, with some even intending to spend more. And most of them will be signing for it, according to a new MasterCard Survey. Sixty-eight per cent of Singaporeans who currently own a luxury item valued at US$1,000 ($1,271) indicated that they would spend at least that amount on new items such as watches, jewellery, designer clothes and leather goods in the next few months. The survey also showed that 26 per cent of those polled would research about an item before buying it within two to six months, while 45 per cent would mull over a purchase...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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