Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says
Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and ...
Luxury Goods Market Faces First Decline As 50 Million Customers Disappear
Global sales of personal luxury goods are forecast to shrink for the first time since the Great Recession and potential ...
brandequity.economictimes.indiatimes8h
Study says global luxury goods pie will shrink in 2025
Global luxury goods sales are projected to decline in 2025 for the first time since the 2008 recession, according to a ...
Cyprus Mail10h
Luxury goods market faces rare decline
Sales of personal luxury goods are set to fall 2 per cent this year, making it one of the weakest on record, with price ...
Luxury Hits A Wall. What’s Going On And What’s Next?
But the more your customer base is comprised of the merely affluent—rather than the uber wealthy—and you sell products that are not nearly so strongly coveted (see virtually every accessible luxury ...
China’s luxury market loses shine as Bain study shows spending decline
China’s high-end consumers have had a tighter grip on their wallets this year, with study from Bain & Company showing less ...
Cettire suffers from soft trade in luxury goods
CEO Dean Mintz says more of the online luxury platform’s margin has been passed on to consumers in hefty promotions.
MoneyWeek2h
Burberry reveals turnaround plan – should you invest in luxury stocks?
Burberry unveiled a new strategy this morning after reporting a pre-tax loss of £80 million. Will the stock come back into ...
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High value and designer goods seized by CAB from suspected gangsters to be auctioned off
Up to 130 high-value luxury and designer goods, seized by the Criminal Assets Bureau from suspected gangsters, are to be ...