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Feb. 9, 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. Ralph Lauren goes global for Milano Cortina 2026
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  3. Valentino adds singer Sombr to brand ambassador list
  4. Genesis, CFDA reveal 2026 AAPI Design and Innovation Grant recipient
  5. Fairmont Hanoi debuts in Vietnam
  6. Balenciaga releases Valentine’s Day capsule
  7. Quarterly sales at Coty drop by 3pc
  8. Aston Martin loops Breitling in as global watch partner
  9. Secondhand watch market stabilizes in 2025: Chrono24
  10. Estée Lauder Companies raises full-year outlook
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