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Let our news meet your inbox. Tourists are coming PPR boss Francois-Henri Pinault reckons that rising numbers of tourists to the United States will enable it to narrow the gap with Europe, where visitors account for about half of luxury sales. However, it is moving in the right direction," said Omar Saad, senior managing director and head of the luxury team at ISI. The French group, which opened its only shop dedicated to men on Madison Avenue in , now makes about 15 percent of its sales in the United States, up from 10 percent five years ago. Growth spurt Major brands like Prada, Hermes, Burberry, and Hugo Boss are opening shops or expanding existing ones in the United States, and are stepping up their advertising spend. The State Department also plans to waive interviews for some visa applicants and is expanding or building new consulates in China and Brazil. In the billion euro luxury as a whole, the United States outguns China, even before the new growth spurt.

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