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":"c1401b31f7edaf45c07df4abedacf532","s":"63a9690a0d2750f3"}
Share your thoughts. Click here