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1 in 4 luxury US consumers have slashed shopping budgets over last 12 months

Hermès in October 2022 opened its new flagship store in Pangyo, South Korea, located in the Hyundai Department Store Pangyo. Image credit: Hermès A recent webinar from industry leaders revealed findings from a months-long U.S. luxury shopper investigation. Image credit: Hermès


New data from a months-long U.S. luxury shopper study sees women quickly decreasing discretionary purchases, while men double down, doing the opposite by upping luxury spending significantly.