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March 1, 2026
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Research

Consumers spending less on luxury, fearing job losses and economic uncertainty: report

April 16, 2020

Consumers are skittish in this COVID-19-driven environment, fraught with worry over their economic wellbeing. Image credit: Astound Commerce Consumers are skittish in this COVID-19-driven environment, fraught with worry over their economic wellbeing. Image credit: Astound Commerce

 

By Dianna Dilworth

Consumers are hesitant to make purchases as they fear for their health and economic situation amid the ongoing coronavirus pandemic, which is also negatively impacting the sale of luxury goods.

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  1. Moschino allows consumers to shop the runway during live-stream
  2. Kering, in transparency move, goes for 100pc traceable organic cotton
  3. Michael Kors launches WeChat platform to enhance shopping experience in Asia
  4. Chloé fetes iconic anniversary collection via video series
  5. Mercedes introduces electric bike collection
  6. Introducing Luxury Women to Watch 2023
  7. Luxury Unfiltered: Why traditional management is killing luxury as an asset class
  8. Instagram acts as moisturizer to preserve Facebook's appeal: L2
  9. Sneakers become prominent force in footwear: Fashionbi
  10. Aman Group to debut Janu Tokyo in 2024
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