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Luxury purchase intent declining: Saks Global

The ongoing luxury slowdown is set to continue into the summer as macroeconomic factors continue to adversely affect affluent buyers. Image credit: Saks The ongoing luxury slowdown is set to continue into the summer as macroeconomic factors continue to adversely affect affluent buyers. Image credit: Saks

 

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.