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Demand for its products has soared in Vuitton Monogram Suede Embossed Whisper M95811 Green markets as well as in America and Europe. LVMH has plans to open two new stores and to expand on four existing stores this year in Asia. The growing Chinese economy and a rise in the country's ever-growing population of affluent consumers are prompting forecasts from analysts Vuitton Monogram Trouville M42228 sales of luxury goods could spike by as much as eight percent for 2011, according to a luxury retail expert at Washington University in St. Louis, Miss. "One of the key factors driving global sales of luxury goods is the burgeoning Chinese economy and the concomitant expansion of its affluent classes," says Martin K. Sneider, adjunct professor of marketing at Olin Business School. Sneider also said that the Chinese are anxious to demonstrate their successes and newly found Vuitton Monogram Vernis Alma BB M91606 Red. "What better way than purchasing and displaying or wearing the signature luxury items that Louis Vuitton and other similar brands market?" France- based Hermes International SCA also has increased its half-year revenue projections. The world renowned maker of luxury handbags and silk scarves is expected to announce an increase in first-half year operating profits by 12 to 14 percent, according to Washington University’s Professor Sneider. Despite the situation of Vuitton Monogram Vernis Alma BB M91606 Black overall economy, the luxury market is doing well, as evidenced by an increase in the sales of high-end luxury automobiles and the new sales records being established this year for fine art.