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":"4eeccb9ed69f3a4025398c601332194c","s":"b7e74304ce4dcc61"}
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