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":"63411e79ee4c56de422c2145c0f0debe","s":"5ef8d90581cd6697"}
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