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":"f7f121f1f1120ebe7b145763936ac6d9","s":"a4a5352e84ebc7d8"}
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