Research
June 18, 2025
The ongoing luxury slowdown is set to continue into the summer as macroeconomic factors continue to adversely affect affluent buyers. Image credit: Saks
By Zach James
The high-end space is poised to see a decline in domestic spending over the coming months, according to the latest findings from U.S. holding company Saks Global.
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MANif14bMkrffRNSS5BXyOs1nOgLN9cKENuYZWJ7tEw0pOMlY342wv9l5TayBLD56spvJeWorXjTpu335ibaxGDZ6B2VdTSsa13NhZb3bfhVzUynw0f2B83EqXKi1CdogFMxyuwpa+++LBXIh7Z\/mXItz0OdyygUOAGRmgWQrCoUcqnUDXfOip09MSTBYd8GilLHE7rEM\/HdjzeivgeO+tkEfl2lrUxnjQBY9z\/pFyYun\/s1FUgXDNJRMqiaonrmdfv43sFyC887uCILwS9oXejzPgdGsZDwtCRx6ZsCNIOj5IgMIcwVb78rh7SksbvZxsDeaDDwWl0X6Vs+oDT8YdbqccTTRS+UAMDhWcEgxcnG2WZL3ozbJZMPJf7oIRW1sfUFAPEPFC9eSIl1JZgK1v37vasEjKTfRr2z+vu36XxDVH\/6GhcoqOYnpV7S0zVAuzGt2u\/Sw9IwyLfS+arZjwjA6SU7cDgibBD7pLaXYsTpDp3BakBP\/lux4AdWv73l\/OXKgbhRPC\/4B5WSQb5FkRyA2OoyspQyTqnXy4KAypiVoOBMG5nJFmbZXRX73HnXLWarv1tEVva8EkTmsxIOv8QXkEf4GZBjblqwNMNSJ7\/PfcQ+CAND06scXsD6SWcvU8hvTwO9Tk\/rum5Zx9C\/shUNaZEKbNl4jAk+yCsqGpMane3HOLQG+PTJxTFiVFS2OWhnZyfhKKncvlbaV9J5sE8iObmWkunsVQqXOn9C95t9RYX\/pvxVvri03FcZPlrmn05suOUeYUPOzHOLROGeJdfhm0UoRA2oGa37xrFb1LmlNYP8GbrF\/quV9iNRC8UlK7ggeWNWPmujpx9eyBkBNZm75vvCZzCEGSPRyIrY\/xMAqhqBCsW3x1WRS5sfUH\/JNLP4GiFg9c34j3iib+iQUSqBZQXu8VjwbY\/BDCuTs9fgCYi8prBiwaRZm+0jdvu9eEh+Di676e65+Fsc97VbQ6+hGMyk7PSpcLok\/d5oRZFOzsQsaYPk4LJi4h0w6I9MIB6xzWrU+2ydCkwlcHRedL56D9tBLtF0imR6DJZC7IC+IAaELHoRrKGA065409D41UWMfvwJWoWBxKUfAnsFALjyJ2vhxiZ1mjRvwOORP+n4jDLl5vQIJFfXb6cEtmUSSAiU7aAo23+QgJTV9ZfkU9PdVB+qpXspXUAfTiAOuViV44UGp8KXGTO4QdxPqdYnWIqJk7oFtqoPKNM6nhtW2MpSmQcnZfIe28w4Xz160eQ+LMB0ZvRY\/\/xQXsobWJfj84IeqYp2HzA\/Wwzjn6jV4ThZpwfmSMJPjsdqBjB1xZZOksMDL9FKeJpjGLnZe+YE\/1C5iYulWwFUEmC3rfv2Bxraoo\/IxC48MAzuGL16sFGdeyrqNNeiZr2MJyeglYmSPx0RzAstFfByMkQFa1iZnqSguNg+WctgdyOBs5pqiYz8EwaTMof8lLtGdQf22veAxWwWFzlPUP9cwqPBUw3vr2HZoc+N312XUJK6aJbJXj8AhNid5f1OAJXmXWenV\/AeGfBfLmirxFmq6BiYYW0VI96FgPb8+NdSvMX2CtI7KZfwpYgtfQGwKiYX3u+cy1cqgaN\/P9Pi8bmUdEeOwX3BDNiTMFwpagsEhvV0Jq1ZVpcxxRWdbzSA8vBOMxepE0y\/6lLF6x8v8tdB9tSdE9p3TxDnb6+CIXZUNAT1BBngOvaH5BeHiCEbMJkag+EIdCudvbX9X\/3J+OyTQHwCmMSoRr10fdFKLskby\/t4PLUnJfO15dx4Dsd2ZUhjXuZlbcFtakw4awTl+MJ\/rTuztzj3xjRa+hWPGf1MmIsSmc54s7XyCedmVWW7USMgAPIx0QSWCgsFvSvIeZVGuCS0vuURZ2LFTY4emdWcZX0SGgiiBvEYiP0vAQS91DvgyYFOnwlPg94UmjkeJJGy0KEXh9CfkRy2jkJF3mjjmzrqc7qwmALQZi0YeYopR8g4JRzogNh8WqNvo+uan8SErvHjhKVcSJhFkHicq+zeWqlPjc4W97vUpndysLvsmxg2yd39dr+RD4qIlVr+m2DQPnnpH0TEWG4mAkNzrBd5mf18mvRaBZrJ5udvshY8b2s\/OWXjLvJg+N9vE1AelSboQ9ypKK6oA0wOB3wJLtwLLgb1w9bQ\/VieX1jEUqA5nPxeFQA5kj+f44iOrop2tOO+Sr+zt\/85xXHDOiQkOelygDmevJUOfplK5rWtedPatI0EiKsTDfriqvA2TJfAKaLWdpi9wZLjzqJUY1zs6huXa\/nhxP926e53bnnd51ZrW\/8BKHFGLS77d5geESrOVA0QaG4kUo0ZflQtyz\/wxLRBXgzMjEqLFgDkMAVS8UxOoN4BBG4tgEqf+NRs0JUZ5o6ONic\/nPGADoFbU2smsFmGf6QyVzzmItgAGHDcW32FPWk8Qw50CtQnSFfqZrwSa8T+adAQJ6oA7X7cBgal4ojt\/u1XQFOMN8ftRP5+mVYzVVI0Ek5P1KTj2bVndXG6Dcv6l9dGgp\/ZWEc2gtNsWSEiERloq0TtHu3+uBBXy11sulJshXx8WugVqBDX7nsF81BGSJYEohQPEonE8WvmQiAb3a6\/HwKJUaZwvwXsVjyiqsvcqQJN4dYO0TMyCeRsJXXz56GXuiFKVE2ivCOROmYPPGFJ75obVQNd\/GiUgmlrjB31Qn1yAd\/PS0jJkeLpZanqMpcU8nO3I1Fomj5MhhqQXEnH32\/hzb25dbHFMzKcLnil84v0OmlrpJ+PFedxzqqFvpcKLZwBbiO+ZjGcVMN9WpHF2d01BHj63vmDEFGbGpBarYBjHfjRDoNs\/F3qbROhwaLxBgFVd321AH3OFAiyvRKwalT9mbba7ByGKfoDw9TVqOHi9oeMtJ54MsG31LT62BbgtGZ5GMdY\/SYIPzMkdSIpEoYCL+27cRpCszIuq7\/zZi6JpDgPrK52\/53XRoUyvaas7s8JhBrq59iTipEfsodxE30dW2xOuR1snwBDxxGIozMaN2tIkzw12Gxo9SSdtxalNKb4EJKUuNBQfZfIoURX3YAi\/Do+AVbghDGcKcqaNHOW6LM\/7iLvFm7a0qbcQAkRV4gasiEn0pmmJ+CkcliehgHYcO8QPcm78pvU8LlZ3zdVqE2dOmQz1\/2g8CGbj2WRBk1hib7ztbUfun2Mix8KvHeDgVN2wePBUDTKvF55iwdqd94ju8NKsfVEHxStmF3O\/4MaMuU8oP06edP325V0wXoYIF\/8DGNrK0YxQz92EFXHC7qMRJgpg3jvfHz9mZiiJNZahwGh9rKTQFn\/selzaFfozXTSh6neIyaYhg\/h6WNBrU93KF3sOinIIqVfNSkr2NuPRcBd64NyJGgmsuOhZk8TKoAsy60dPvxEZD6F644d9AxrndxxwClqFrWL8Vu8R31Nv529mJ\/lXVQ9qXwBiJ03OrEBCARg\/dE8JxvFevX2JDXpijJRHsfqgU7pPpiUWiQe9qfmUO17m1KpMkApo5d9N\/0XUJJ4LQKOhxMg71LJDHqhHoNn5wkhfstc5FMMJJ2l3D\/rlfOOnvidhJna4YkRvGN5gw3ikabhkH5t71hxu7sq0oELpCDBWLvnOzy7tyPbLi4tH4vPQm4HbD480WDaOLL5epdM3sHTp6kMoPHJt\/m5ZYV3Vua\/hinmF5xZqMiXhVI6sJoXOq2HeqxMudFW1EevVRWcM7EJ5fm5pOx7Sbev1mPA9CJHTKb003NSziYAEN1uj8DHZp3fJlvOCHfWCkIy7UGVANGrZCxTMKW+sxZSdR1R4n3StT767A+DZLInmhqs3EBOPFbezdPxTVKHlIB12Ytq0WngrxK6mt0dmLhutdPOtcVnkVkzm9gjxYtQ6\/o7Y44ssknYfJw\/\/n0lZbdCU2tYis6EBTby4MjbHsNKpE2hJc0tVYdAj2G2PT25\/W3iMt0H4cdiUol8Q1p9xLZh9n6b1Sra10NksnVsZcpwBi\/m935WgqvQ6OXhLbi3JZOG7CSKkQG2UVHU3uRzUD5JsRGNwUNWfIzDrW2vZGTxfqBwVeI0KfgPjD94LTokmhP6aJLti7ZvYagw8rqA4jFRyrQu3ivBMivHxg\/T16gQP8bWBAE07bhD1fXa6KD72neyJnVQZlKFc\/yYbFcfekT1RfJH\/dayC\/CxUd3qPDGjCLgnmvk3zGezGWG0vpMPlI9wAv5XNAifkEwWFfqG1KCf9Z7xXjI980gF6s4Jt1NNVq6FgLuLIdO9yCHMj0w2\/voxDaZ9RxJyPeC7caZgnu9NASpQENVmcdDdxLn4LC+Ucp\/DMF5PzL9vrU3+5mOz0a9pynPbF4TMqKDCu68bJPG5mF+t1B+kCU\/Uc6TSq65yAvauvoEZy22bAvQ9SG2PizVZCnmPZYXf5\/8aL+MGyz9Yqe+Zl+VHA2z4U8XW5zKhH1cze11Mhs2eft8YPzkIn7xfe6p3XSKP1Wa5GWaNW\/sBgqU\/xZ37rk0m79Cc260I+dmQZhKg+GIB8DGQVjW1478c+k6eAS3ofEIZeY7+GmOWwTgxFiFYIJBtHBXwc3hz4krxiqBYkQN2xQVZdkq8PKjRTfjtMmhY7LteHM0i6Y0Lup33ta1Dxk8UNJwlfeQoKM0X9UXJkCQ5B4GLAzpHCxdH4iqD7LdnGZyRRCt4ht3duStXecBG+\/1\/bFkHzzZpq+38ua1WkbRfEvuiTt5IkTN9r2UqAWLeRfR8gBlVyj7Qx7Xteesjm2TNhAT75yoer81UAi49TthhlsMxlekZEWH7\/+V1xk\/B6qMWocQ0QSsUpuoj1HEJA8AGZL8JOR9+xnNIsLvz58QP3gEJfu\/BS2JtMIxmYGkgauVzvmaKNc7bXiSgqaSyHHS+Hhos2XJ5k6JfvxL3hHQ9q\/FgvCnQh6brFq3fBlFXWffXiilAdE\/9Qx1HFwip5ttm5Chx6ytC+Ud1A\/y\/hfVDHqsuWTFyI5\/c7+Whery8B9vxZssXhvnZsRir2qevYwb5XASsy3kmA7ekINrKjYIuT+ldg\/k3Jel1pQ3SiPZA==","iv":"8ca9455e574663929897d0b5b618c185","s":"109b5ea341706f3b"}
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