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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