WSJ: How do you keep tabs on the positioning of your brands?
Mr. Polet: We get real data -- market surveys from the Luxury Institute in the U.S., for example -- and continue to monitor the health of all of our brands.
The top 10% wealthiest U.S. Households based on Net Worth
11 million households who can choose to live a 360-degree luxury lifestyle
Own 70% of all the wealth in the U.S.
Average net worth of $3.1 million
Average annual income of $256,000
Earn 45% of the aggregate annual income in the U.S.
For most luxury goods and services firms, these are the 20% or less of the clients who deliver 80% of the profits.
Source: Federal Reserve Bank
Tap into our Wealth of Data: Being the "Voice of the High Net-Worth Consumer", the Luxury Institute can provide your organization with more insights, habits, and behaviors about these affluent consumers. Please review our products page to determine which product(s) best suit your needs.
