I just saw a business being defined as dealing in luxury wears. What is the implication of that definition. Does it mean the doesn't sell average clothes? Is the target market definitive to only cater for affluent and wealthy people?
Luxury wears business is often assumed as a boutique that only provides clothing and accessories from famous brands such as Gucci, Christian Dior HERMÈS, Louis Vuitton, SAINT LAURENT etc. Of course this luxury clothing business has its own market share, or targets the upper class such as celebrities, high officials, rich people etc. Of course luxury clothing boutiques do not sell everyday and cheap clothes.
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