Commerce
November 17, 2023
The personal luxury goods market is still growing in 2023, albeit at a much slower rate than the record figures that followed the pandemic. Image credit: Neiman Marcus
By Zach James
Global consulting firm Bain & Company is updating its forecasts for where the luxury landscape will land in the months to come.
{"ct":"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","iv":"3912f5c6d8b8567b9014d1b2b8ad63d0","s":"43191d5aabc79dbe"}
Share your thoughts. Click here