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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","iv":"f31580165e0cb41c18f6164d7df6fc04","s":"64f953d38e16ab74"}
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