Financial means alone will never explain the sales growth that luxury is experiencing in this post-pandemic era; psychology is really where it is at. Image courtesy of Fendi
Luxury spending: It is the psychology, not what you have in your bank account
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments{"ct":"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","iv":"672fd7004617ba8164a3a7f77a6fb2be","s":"bf587eb20fae8014"}