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":"0ce75d1b7df8e990a7c5b39f569da12b","s":"ef175a7ce11a3ea4"}
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