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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QPN18cMzOzsXdB1+WYmBC1ivNSF\/xPunNY+mqKsKIeDEEH0bNB3Oc4\/vaV2AGhFHj0ir5eHZJzzfZwVp2X6uURmmHha3XCud8T0Ny6iq+y7p4fEPar5n2JW52l55g\/kQ47feOUuTb0ocHxzvEMNCPA+hR+mmuoFT1YXWJY32bdPRtxoXp8EaHBE0xJd\/9tJVtwveCGwnI2eWVBEkIHFgOGC5My0XvazC3pkbBkhfVwERCCOn0R+oR+UVESnNI+PkMwp3QGoCZHhsGwUaOzx+fHn8UJQaX6b4ttnUqXRBI\/eO+1Ix82zbTF4cHMRLYUplYi2V0el4uzRpHEStTJy0whJ1pJkxRrsxc6+xl52aE4MfkT6mZQMf10HOZ8741QFTNIeIrYqPrnLHECOqjkiKwLYl9YkwB69PIvyhIXIe+nFc9TZA6Qb8fE7BbYp2ZNWG3EDaATNKcqx610rvuAECdlvgrfXds9WLNyG8qNILJP19DK4\/lssfClS8gwCbUC5Byt0qc0NM+G691JW9wX9HnSdrBUX25iNH1W8F5ZPBZ+Halk\/yOSQINgVBATVXQYf1eNRiTkBXCL1ZZJycCog2Gqy5AUHAsu\/f25y1EzYhUAcjuUA9UT\/p3s4UizhqX6Dbxn+PTwKTzRMSboEF+aJQZRlfp8CiQ0f9qtIHRYI67tNV7\/zoPeRtaameadxZJsHcmqA4l0EeG2pBFMiOLlk9cBwvuLcnr\/DkifvyG08IbE2mgtIJCXG8W5OoOoPiJtAxe6nwaoMo5rna5ihJG1rtWoRtA8kvqHUMBUdaIFyCb5pCjO9sBVgn7FMto+EvIStJEnr\/LnDZ5Wzpl5va\/YX1nq4NeHawE4sRjwgTo2fQwE3bGTUjx1Mz2RiK223lSWLyxLEmRjHFN6SleT\/g3E2Ug+pBSm0Ce5MJd9xe8Vegz1S\/FDdMIniHx2uUDl6Zwe+Be26UrDHmxs77CUNgOQNgk2qZ\/SOQ808P5OuKu07SbNTOBk4GF1BfBpa0wjIKL+mddTZiCMsdPIGsEYDyZtBI+WcwJk0E6JqlRwSG1LpQ+O3D51o+qCqS3n1PBiX2UDI+c9BFxDMYO3Lph+S9gQIcr3N7uU4NjeI15ZrI0+rbNSOSgACyBGcDFse0imq435\/cnVY87xulKwZc\/ONQj2kNYhCmeeuMInRRJjfSJAlfi7+DsfY0mSlr+EIw5ohrLwoY+x3erFZusrw+e9WMhO2JKpq69yhY+sq5bdjaM9o9FveW6ZuOO9mJRJ8XgvkWuMhgPHr\/C60QQNSPI0khtXnnyiJY1ytXmo8wHb0UN0NE2WmpiPLUl0A60oS3mpQECndGp0XE\/u\/LqRRy5x1NbSsRRv9ITs86c3Us5dKjsINFivo\/sj1jZMtJRZNivh3HsN1mjrySNS\/WPcX+XnHpdRC5N\/AnOh\/0QSsIPDTuKVBVzLTA+wp6j8mYxRye15t\/WnklMcXYBkBPNaPRD0EANRX63t0yY2HFhDcBCX4Ed\/ynH78+dpZmfuIat1zAsWL1yIWd+wTK3NVWn+LNnqXXYNV3PbE\/UqDv0OuQHTRm1IWf3CMbnep+oto7r4QILq58hZ6utrrvJGU7X7+PynZZogeum7mChhblP8+gfDeO9mDNkqyGqy\/gmumTHGqdszKC9\/hh4QHkfXwNSBgl48JWrxI4s1g4pXGwktS9N74MtLrn\/fePgAvIqlLt9rxK66QZzQR+ASPpXWPFLAWn1U0Q7RgvxatX3kD91urd9TlWmIomCFpiDh9QmScbvphqHJ9Dcbo88qM7CrgdYptQEBV1UiRHFRdf1kuB\/+41wXI8KknZXavMPWcaJQHtpOX6+yD2toyXYARfc5elGIGHmskWDuFtUGlJTEbXXTsTdyQ4t38d+zO2aQm\/Qcdy7QufNJRRfDfoAyoNGhTWtwryOBWqswkSANV0op92diWbcOB+IScKfhd7G380pbXryRhFQiZWK13soltk1RQMO14VqVFbXC60ltn0y9rOf42iKv0pvoEXRKTZq4Y+DrSTpydNwJke1P4NnNCz410VGk7Ugi\/6p2i1b1hbagjXZ4qxoFGr1e8Df9x53e5c8i197fd7I+vQG3vcL5w\/tUe4DKWtHNgOHSiJDy6awlTFgULG7yYwUy7INVBshxIegjRcDw41qZjnSjEUufFG2\/QdPt4dgoQML6VBGzmK+qiibu3ht\/oPdS6e7eEUKi0AZ0FyX2PSDoz1+eHbQWEC9k1MGuaXY17fWuwvhmkV+m9l39+ihpRzbQ9KUsbUEAQjk7Cd3UdX8sB8mmWy0awR9PZR63+OfkmGcCjaDRimazB6Kj3dj0cKV4ucwXaphJtbG4+aSZcD1ry0YKuLgNIqJnrnITEaIOvcBtJ00JU0q1jMPvqpWj+oZha8s3\/TzvyRHelHpwEKqOQn7gLcibZwOHFCHZ\/3GOVH5cSAZ8Vxk091syauaYZtxs9CzIlvtBoDyJETpdpRlwjeSRYnqWD5nzfffHomZLS6fuU74oFHUe5PKvAUH\/EvDya1FVV8K40cfbAgkdctP3pYq+xRjzVzDIoc3G++Xwoltfm+Y5h7YJiIo2U09mCJZXt0tGwNXFTvT2qwuwl7+DR1BDJF2Mi1CX7xfaKDAiJ\/UJ63W468oLT8ZoCQh1czJyk6CsZ8Hu3JOTFtsfBc8vWibgFhdAouOj9aHQ\/MpQ4Jg8kMmyColCkiCEsEiz30usWvJBSljngRhg40Qm4jmHV4HbNdP2u6fWhVtIoX1TqbccZx59Ek3P58UpXNV7UFgYpUnsZqi6SCLgzOypRKBeXfeR\/1jEyKxMcinA26uCLTs3wJtpgmk88PQjg2wBBTWVY2p\/P9+XtaQ9m4USqgmUfKpkrzMCmeI7MT4LS+NJqYW1eTW\/p3g5\/XHSorLXWn8Ha7dBfEVws\/g41W\/04d7Kmc0R6tf\/zP3aoxmD3Hi6FGlByYtYLnayZ6Ln9\/BsqfD1S+WznAMJeUvTL8cDrSEqQ9SK\/fQXLkSZTuysqLL\/Gco5tdo1JhlgN8nsV83le\/2sOydKaLugtmK4b8ngTZHe0zYp9WF+dUM\/Z2lrRm\/wg9OZbXg4e5R78UKlFYMYDNfm93O+b5dCWIWR1AuxBbJFN9udEU6EUshFlTDXMTDG5qxivMsNcV8y\/dfO0jPXaLOCpBrgIcFRrg47jcRZCZ45Q\/wkvaS+F9I7jq+HnVsrYFT\/lv6H8asMlemIGDHEeeMnLvdJHAR0iISe5uq1ikQ3IQsaaMCObg+2a6KgQnB47tKmnrA9\/HiRLBRGbx\/KO\/Hts\/Hz1EY0+4ndGNoq083EpfFa0seCyamdB0uwwiQr5ekIa\/ClYhzMkLXiUS24mOZmpaVoeY4UL5JjCrqfH2ijX1O2x7MMAQ5+1hF+s1D0CVMSatjZ4lXPislMpaDz8PdY5Lyfv5XpgX9CFUGErUJVnewEWA+3Nq5pK+\/5kz4xmpslrukTwp\/75w6iBB0qdFZ6NF08Bfic5e6ZvH1BHK5DCAlM1aRS6DObdTqkCE3ofZy37qs72QYp0bAUUnki2WykdSxB5LIvOl\/ENbVme1XTzzYQSBSug1Jp89bDLPLvOAgfJLNVnYsze8pNox9pEmF2siNU9BKOAr1X3JDzWTMJvQIJzEvX2jqbcUik2elr3OO+WxO3MZhOHv0AQ9AKM3D1JFk3Q+lzTUOifB+6Xg62pwUTtigEnqswy4hhsOzIaKaaqfq05JalgK34DnaZMZilP1or1uysY4F0hGFuuvxDztiZd+VBEC\/TqBlQ2JgNQpDU8Wf2V225FlHpxQrAhv5ZjzrINouJnaHn63lnFwoiulptxouYFge4Tu1cd5adwfJlAeIZU9coiO8mFHb58o1GHiXxZhrgQ0lD+EA0NfuJ0uMs9gREimnDcErpGAVPNqU8OSHzNk9M8iMINCcxYzMOgkagRmpC+eXRwxdyHQP0T+h4D0xD8aQZK9cFYcl8mRz851AOR9h87U7K8rFUEBQirnrk7pUa9hfUbgwqToF+7sr3LIFdyLxad09LzbZjEGLTqbW8Fs\/f2xwFsoIJbHmfKi3GUD09dN3DUoq9Jv+\/EF2D1gAJ2p7OWN2XXB6\/B5eiWAoQoxLbdkh3kzoWlEfQsOGentvs4kwEFXkhiTpNYAE49xzisFSm1jneJdcNLd7xLYN3iNV96llH\/4Oj3wj6vWtDeAwySJYPWcGaKGPw21foaufiYlpVuWK5\/maJijRHOOTGyeV3\/xjgC2aB76oDCxZaye24Mf3Pc2D6IaDSVkZ6aq1300gBVKFk\/R4nOSCucsMWpaBQGtrkRTzEzKDxl3L26Po88UxIaXzKinLDDIOTfwRdBokZTR6FvAM4LQRdmxRo5GQP91Js84LEiaKiWcbBqD3NGHHKUVkCsv2kTKv++8VCPNKdeyax6sBQ03WSD76t2B0KFDerSHEvEGM3IW+xy1yHn0foS9zDNbyKzBgX\/tCE1FjWO7+1BX3vN3DtaQzvu8f88w\/5g2hDptvvxwMuDWmr\/S0VQXwzFSJ5RlQJRlrsWcYeaZpCy7p8ahU1Y5ijw4eDm5V3\/08ggSlyaAc9MLeYJlbURnVDOS0hLLCjMQcacy10ozUEYgR8meaOBeZfzv\/1m8c8wfbU405aPR9kkZnXoqwQXN7UF3VdzkTzYIn2quQH105Hy9nvJm4MBTkcPvpu2eJDzABpTiqJEGF4HilCnDZEfiAidM87YOLAVCEdHhWAFJBSbjg\/jTcjn4J34jpbLcCYDGD7mDiFarYrDC4UT7LtAU4eXsCs5b2AaA+lyYg\/FjNpbNRwCltrVDWJphhF0B+ndjhuxRe4gU1\/RwTU\/Bfdcih5aeIl59rY2hY6MVCHDCWlGx7TdoXMfnLvdjIeXZTGK0llq1qZn8L+\/4B1T9Qr3NW+WEfUxODc0nXL5JpZiOr63ihFwZLdidxKWKEic24ZQ\/0JidlXgU8bQvZsGvffJMM9+9uNzGZV7g0M5cg6eAK1WwIZkYr6URbEwp02ovxhCvDiWvQ==","iv":"e834b87db236913cdc9f88ade38738f4","s":"fbb67610e520972e"}
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