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.
{"ct":"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","iv":"b63229257067a2234ba9183d35386922","s":"c813898d64922032"}
Share your thoughts. Click here