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":"75322a534b09449da07e848b4d0e5ce9","s":"47ee47db87af268e"}
Share your thoughts. Click here