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":"W+CKkvg0zuXrL4isoJdKV2ToZHAFmYTmRjXgJC7lDB45zn8Pxi+OLuTFHukHIFzWvjJphLuE1B0sej0k4YkLj6NrCtkZTpMHmdj7sVuCYtooS\/shhwby8NHnb\/GDvfqe2CMhfAA9MiWdORKAsMuZsJePoHb16j1JVOiqigygABY4fhns1DYZVvWoZx4gh\/\/lzKqy36j1QiQwDDJbP5srV3XjaZp0rPo8YqOnIkdDUhQ2yXbxcX2qrfPNZkY12BQpuTtS4MlpV+7LOR1TP0uTrO\/IOzCXzxzuxWN7xy5GnqBuWOG\/DJYCzWfACayvRFIfbO+qrcisGsZcehpixG3o4aIBti2XPdcmkH0CNV2VJTt\/LWIMehb8+QvOZfDYzc3l1CWH\/owXoy3WXme\/963gTdueOHZxQJpElO5Gqa6lnFp5EUY3khdqnDeSRqfBIbCAH3nERHOQq3kxI\/3VCPIGu8ZSgoWad+RScDhBiRkR\/Ssr0bSRyXUPVtlbYuWX3Jw1lOsQShmP5qbHK\/F\/mvE6odnPyMROGJOiDh5UQdrluetXFq+c5GDuREVB540bltk5kzd2kvzsyOlz5M7rgiziYtXPexzRxdOV1PWZIUMkc8ASwTqf1fJIEKKcPVTiTYAgrnlfPFN0QcvYhJuQyi5fKwLA0FiUCVGgo4SetH1OXThoDZsq4xYDxcWWiVQM5nqcifbPRbk9FtQU+ewHDhG12w4nUxqQfdBVPoxs6PI0K8qCu4PtpfoRDBwateqlUkwtLASCL8kIjitRotQxEsCck7RgcGtWqgnngReu7WxEh+XkbyyqGsY+cgNmwUvp4UvA4hpK4M8rP39uz8Fv5Lizo2Lg8ZGWfivVw9QxIdyHU3fImTcTAHD0gIiSDkYCjhkzBL0uldt2knuaCw5WHGi7qx27NZnwqAcq6vvija1M\/n8Yhhp+78ZE2+2ITtQ3P5FzVxqiym9N0Bm8v8K6TX0p7LrLrcZw1aWFSWxWoCfxTnwgT2hdXPW32VcYdYv9ekuws03ikXQDazIoWMstXhvOe69vrLuGQ5eAtSou404gCtfYJZy50gJwbZHA+k9uvy+8QqJ269PNrKwNRJmNNcHP9YwWDPYleEy4HyhiY4Kz7h4IT1AMDTrJTcZF30Mee+csI9WXyf9UQQcPJl1hCJ2T8WvU1JYUVTwMdcLE65YiVuJy6RU1oj6zhuoEkeQKm5uw8VUL+0ewfpHz\/pS5zc6QFsYVleYxCRcp+gzFofM5zeja00ji8dkt5dbCdLtZagQYUYmylbKgETi0zenEzBA31zDRFsQI+cD8FIC\/SihrKwhO\/sJ+\/zULxAaEPAYUpT7vukbQ6xo81cTobh+KsPUP5i7+FtbyaOUjRequjr8Pj42DjQUD4MmErfAupmBHjJqEGye9PYWugYVAC7MqNcRAAOUnd4AuTV1LcT34qCZxfGzs33b3KgWAHqGU1EJFiZyY+9Oi4toTNqDD2IAINmkQMH77f5ZwBa6VuEq4pp8hQ5jJTeo7YQH4d8qgqjkliu4aSCyFf4DTHEVtt3CzBWoG+rLr0L+Y96AAD6wELrcBB\/7LntXG5ABlXTlwa4NUFcT9z2qnKSb3rC+mD+bGDk\/OFtmalvZMRZHAGtpjzE0VFNcZGQwtlK64KmNc7lzqCL\/YCWzNxy4ZBXnlLu51tU7mGWj5oKXSIp4mduyD4+h0Dpb121sGVNifCZPuisuuZeutIESc5PGn++EjGLpmAVeOmvgf9gKF3zVwXs+JpHjIocLDJeFymj293URiEYG09Sk0W1vkZ69iwhoRK7yjehZQBLBDbbl6hre\/JKXPPLsYKTJg\/LQmzjxh7YorTxaqVZJscc9P24K1842P7t7YaBRU0bLWaslZlYHTigcp8LQTfFzvbYxnKI\/drRJlU6Km7E1eYBCKBev\/kbjHEcWDPQVI8KzQo96Bb\/WHf\/j8RdP1q5oJC37GX5SoHc0FLjnySD5tStpONJVPu8AzXSN5oLmTkbELkvpuJVNKPCtH9bWfNhUPfbKIbJq6QR8s\/2QBFgLnVgTKiW1QYnpraVFQ2BZ4vNFQOFoRUsAbqGHxTfBEX5TgfVFjVgwq9RzZDUltU4vMFrfVJAyg8WfNB4t0o9GIDjD\/dFTk4PKZb7+biZAU0\/HxCxRVjpFdjpo8uPKjj2LLWknRf8dlngJIdApXmtNkywg+CUyWkb96MQFfhwvu9\/HhtFoCbCMqW6zZ3Ru\/y04GBhHXzopB73r4nOls+Y7UhIf1t1+qKzHIAz84hZv8MDA1234H3X6Brr5ceZqnJmFDlNRiHtGifCHgvFfXqGJM2kDP7NsMYPmIs0rpdnKx48d9NIAZEptW5Kt3sqCaK6S6CrFOUdFs0Aj2jDbsXF1VzEvsAoRS3oqMImqWyrNs+ldAASbFbo8hz1t0YKw8I0MVw0xpQeWnDF2aqaxuxMHgaFqViyOqCzjsxSNaq7dV5\/+8O8KV\/ZSKdBDFG4mMW0xiR9eiFAlBTU2GhAWy\/M19iBGTwgiWYH4LAI01KeZoW7Hjh+KiAIY19k5JF68Abj4aIYg9MUXvtkz59oB0KIGf7OmCbxMKpPWtuW16VAX1y8UoFn2Q+GBNTqLbT8PxE4ylFim79Aa3LBRwmi393KqFsVA2eJx\/+iQEv+Z1Q2hyvc9mYtx8P6bCnIKop5dK8cnqNbfyQp3o9PnIQjyTJOMzB\/BdIZEgmkH9ZANLv9PescOisjkR+ubb8w2r0zAorEq9Nzwyzzdf7PJ5\/BfXS27NByZvmjOOBP70NCRN97WE\/p\/RSi5CxZj78QI1HoFv7rN4aB5PSyAOpvIYo565vlVgrCA8Ex1YBngS6RUXVOYHunFPVTLYBfaHpf3ps7NTexyQu3zPae4PImH0f7lREL7hGqDXVK6Mbus14qRHcvAzaStDPnBc11otP9ag3IO76A8oZ8pZ4FwVIASoJMxRCmdo2HrNAmX0ifh9ojtx4+snJvF4LLh5Fjn+AZGYZTWD44ELxvAp\/6UWk2VOtbp5sUNjqHlh4XtwJftrJAPdNukNs1+Mqa6e3Fb05xx6+4MQg05bgCEmSj2u6HY3nCxjWzWwY3mYLJUAE7+8WFvyG\/b+0s7weA0gPnsWv18\/rSrzLgBRNYEoWY+0SZwbN1uSUaoOsY74M\/UkuQkxfPj8jMhRiDf0FXV7kmNoDYCrzYZANYdoKJgvklx6kH94ptpzeRVCpN9yBtMwp8CEcESGDwqNl672+Z1\/ktHOjIFPECEO1TbvHc8UQMPWBiQl8aZS6eCQuf38cQfnFXmBnxdi1ltEfLzL7CO\/dyByKKss0yxceBSC58jhKTa6CVitruq4YYilSFBtK774vhuGTrSCGi5XmHuHC7ToSJZP2biwF0Hf9f8YHhdOndve7gceJJ4JQS\/ZfbnNcS4+hc\/p\/jamiIomBVH4Tz8cmMbmdwLqnl4iMhSiB34\/k3J9qXlHPvRY8DhkFHc29Zu67EiC313X1A3uYcr1AXfIJYCkRdMBA5t6fa5q8yI6K+fdwFvyplpxFord84p1YcEvOo+PGaDTnwiMU\/dAl0br\/2EmbE7gmtc9btuw4o9PkNPxkONvo6pbdsSLL6zcOyUU0uZFjRISnt2qkhSOMaSY1AHsexvXiLPNISy+ZOJzC\/eiqVvBRCb1mv5\/gcElttkRVnF+LtOCJGwoTbab3p9b\/\/CtoI3OSeT6FCez+htL81Uusrqw5KvooO9MmxJuFBxOF7mFhLUSZ5QznbzCqkITAEcO9+z5bdcxaSg1syJyt8VyqCR0HjMoA8voVJpq+lc2HIzAkaEO+wakozvfldc\/4e5vr5WvvyYEKNr\/3BwyK2CNlZtzXstQjSGRig7ZVYJ9nU0G01wPDFnwqbsHLqi2kaRd1KsFYg95eDXHWpi2llUbvEj7kf2aS6ev9ya6NQhBupd2JlLChZhBuuvT1l1a3PbBiaOguuREE+PmYTPXV8JQ43Q+l30tZ\/AhZsPhgqxkZcjqw59CtZd+\/ANBtPwRrmtdVpWoFyHsPJW7DmY9DpXlmqIkPRILum3+CPioZqRpLCw9iVc2rZ9LvZfxMwlAxaP4Ee5X3EE0fETi02VavmkcC+5mQLLWioyqg26wCqefSZsx\/ahujy6PZ6Ub61iMv3jyhwRHQuhzDOM3jyk4p0NrGXWpixreub0loq9VnCuXB9ADAtEgxJcquDZJ9LGyrWzBkK4IGWg8DbQhvMLfuCzNie2wsNaf4NGwRXj5lPK5\/D3z9yAGypdiWzkrNq4uHpspts0cETpxQXhIhA\/oi74C7W\/Dfk+c2xyzvInoa69R7\/kUZ0DF8lKFvNn7GhaCFGK35Fuv2i\/vP\/mT1DxDJWwJYSQxcXOWMJJV+pQ1+93Y13sZZR12Bz3wnqR1NbYLRYcTcXu+0zaEv3jjjaWp39ZiH5yhYbto0viS0XnNlgB2UULlGOIv6f5w41r\/ytpANzoPVmUz\/H4ir\/NJyJKU8Xcj3S9na6JxBnbgn6DC\/UXg1PBpbIGs9RXIuI\/nC9SSh+3fKPeDFXO3S7XSYn+zGegg8y8eXyL1556sK5qgJ18bUnT6s7ZpVm7XNkSxtkd48Jn2exV79KDQU42GAGqZAcZWzKwc30BUMB8OMde7ZpXcj4QEnVNp\/FRsIFGqOLTaDTteppfSgzcCd6MRib6MZ32xRYjBX69MsceiCO8u6vgI\/M9ncOyPONQYqLpxFMgOp9dvG12\/TOtHYFZH8qgEzsVOTZs8fnjebfRmvOg4c1CU3S7zmnZkyUjMDV894Gu8ZillT5DdGU3t6QsdSb28PudLmMjsGXnVE\/JgiyoWSH\/vs5YZe9vu0VIFUd8BGSvRTbaMJVmtJ8hkO2HHUnNCFSlUwiF\/gfU2+BTZKf+l4ENsZW31UvLzjnQMdGRh61lUsG\/r5Q3L0AvXFXC7jttZcnjBVSQ8WMfuXWKx1Ux6nIh09pInitVrU5esZ7hmv78cHkOFGQu2k2TmqnzCNWVGmnKUbrFTO1KRW7lq+Qn7gNBXnp3akuRrfcD74ddX2prQLl5+wt8Qnq1+Znp6aNc75UpVHQn2Q82gxHSVXj30kwexKpxUu3\/guOEuaPkXWzmqGMlwP2qT7ToQ59Kr8tAkuqQk40ygE9aWasE6A2w56v7V27Enwc+iNZeGEKcnZosUnaDmKlH6077k7C6FSSVfsnDhm5CG5aAlyEZPnXl0yOHfL2cX2efScLRXebjBsFovMqyJUdlZeVAcDgxI2loVL\/AlWct9QVfDUKgkUmsWwFYnJdngDPrB8df1VzV6Dy0\/9D0a+7f\/zuHizNsvcrC2eodX1yMZCTB7chqs9aUkQAJYS3QdzCsUtsAaoFWUOCWm3tz0MHCMonvOpNLqG7LIi38Q\/UklwFy4j9mUlYriwYLJ+2PeBQPLtPSWc4r5jH+2A8wWHfL9Lb+rPL4kdxEWWX97bCFVTm621Cd49co8VaB060\/fvgX5tRMI7yjs8F4Ntjb5LT0ltXNf0SdN2+6dHdOTJnTM8++wdQhA3bDBMB1NPodZ2hrDP3K7azDbHzIbBFDk9WkAz6NMeM\/piXIIyVI2DRWKHG5gwrP8z6+1oK0L1GhIHVD9KgH8Ob0iwVVXUnqBG5C7MU9amScByo644dxl1RMQi8SaJDnNOaIsKNuTP1d\/uFefDh6nEXbOeMFJlH9A5t4nWAxX9rqewSzt33peKoQ2PO0En32NoYPRVuO26bLcX14Lb\/mB3oKW3GzMYAUzngzAblUzZZbdp\/8eMp0u2oYYRNTVfqxQ5FR6JzT\/FJ\/h63\/26NG37Yh6h6ky2cwghdWVH68cIzMvxoSYSHCsdma+0DkIdGvDdWM6Tn79caM0iAdGKULkYm3jUvUiV2ucaSGlDXBvMluiCfKvQHIqVMj4fcaGIO7j46FOPy8xCPMGnRC6PUvk+7ouCjeCVfGa8ws\/PFr3Du3ALmJ9TbS3Qr2JxZIqOTgDneKuxRCYbCirQnxwTqDxOS4beAmz139gedQVcxvmUEgxyUMg0tVUTl05W5BdFAxTML2awM7GS1xt3D07PBpRiH3wJC+Lq8MXSNJtTO2pTdJoq5GdQCuzeRQzFglQ+emc1yIkYfr2ChnxY8P63c21HvB1Yz\/mb2uUSJe4d0UH3b9lKRFQTOB56F44e3dgFBANo0YTjkmjb+GmP\/poM\/BoFG25RAHtukxZ260IVUBs9c5HrPmrz14RyHZgd54V3pnMNoBFRSZeWQt2TYyJbMrvvLkMRsjILb8UkRGxrW2go0gTTcKZMNTfowkYt60zaUfQ1h\/reHws2GXlVrUjUbMuGQsi6\/Gc\/RR1EM9sx2ZO+XJ44vaaPjIJXvknZI2lGbx0o724XEB2TgkVKUcun0OyaeEmHfsbRE5feA5GyXQ9QhVImZS2cel3x3Z663CrvGtljDCV7Fu+cfLrG5n7cM+r3JdrxDTIGCsByaZDRN9iKr\/XWORRsp2y2rwnclluZbf9OmBu4+46MomeauddqIWyE53JxotFuxIt1uflA+vHx15pvAw+IUDxLHV5tinJXpdHxzrupJsFtOB5Q2ntTcjrwbAXh3u85bsKU7EF2TfzBGK6TK5fd9aDbZj+jQu3YHFb0+LzjHbZYIHZS6m5ZV\/8eldKjAupzzrX8CH7ppeP7zeOZZIlClVXhfiUNIno4IfRBlO8or7\/Qwfsq16D7bAn\/hAYVp3PiyUVbbwxReXu9HdpYuXhF1xK0pm9oKwMiG2fW\/0K6drD6wx+FTj3aWe3dYhw1qHe5YlthIB9r6R5eJIH869iVY\/Jl4rwdNjyj9p148BScTXCHVqCJkWUtaKEjPrpGUooJXZXs6xmf+eUp2opF6n36Hw9A7CHYENdOE6NLkvoDEFx3XCy0S7Ej4C2ooP73VFoQDJlGXMAC2n8Di1LC+hMvzzAzB40FagNQJwIwKFwzxZRB2pdYV0cQRqdwfE94IRwBFJ+AN8yDAE4lCcaSsdJlWZt\/xyH8C+YndwxDZO\/pgCa213zXcGsia6uRzM4mUHCF9ZL1anmoE93TPjzJrUFMY7kf8KOg7pFkvr3y4xHRsGmylnF1\/QtSruIRm4v6vQgjf5lCQW80dJtUhrw22MuA9bIEqm9P+P8o15g\/Fl5H5pzhbn7pPl17vipgre+1yhLFWK2LFfilAAzR1tMY5mkucZ8sfpnSPsMVw9hUYD3B0diPz4q\/bIDWXxjnRYTh4+HMUyc1mcIPCVLAhc\/0SQYRlxUL77j3qLSUB70aP+8YAQu50RuC5+hYd+TSQn8UkWV87PvHf2FS0XqwDYMSiBLiFjJZeYQZFd67yQ0pPnbFXTRfJGxTDWn42J2EvOmsFhjZ6HdPKTrZ3m3xhonrH0\/h+qmWHXDA5hi\/J0ar5+12poGiE+j0SfyJgUHg1Azb7Ynn8IfuvZSTHKAVwtLRzYdPUAH8+B7fBEylfL7nzORP2XtQgtdGw5vjege\/hdbkKE6oM\/KhMZuCvxpiPQPlJmlvuvWUZ08BtrOhYPJJYdcJJv74LGMijSJKRrg8vmrhv9TO6pUv+PqOR9y3S\/wR1Va6yAyZczLAkxZ9+3o5aNtjJ7NRNZmGp9oTQ4iVYXVp\/tMrXnuYzm2+bxROIXo7ZfrQZubC0xK8\/wMUHTU70XRKtjHirUGa2maVOAoYVBxk5qWwVnzBXBvqkFVzAQM0qb2wv+ch79yhPzVwv6nFOR7KAlSb+DtZWXBjuCPnNcxHFsIUJrVu5oJFyTJuV\/M88NbUykaZhJGYqnUQpISzCLr1ZwPgnhaW0cqt6qtRI70Tya+Je9WNT92ZCLsoLoC6PJqkhkvJzKJdLiyLZ3LpYkdCHK3R+iqUdD1qPU1hDZ\/YO2\/oPscKZn9ZCDkCF+xvccGfLpjB1N010G4lmrp\/nG425HA5A40E8WkbngH9cZUHkFrkOLZuqzaPolU4WQ4Os00Xq8UlhlA0M7LltGkYgphhLDtJdPVgyzeLou64AO9xOfHrTuZ4Zn1g8FbRpApIBe\/iCX9Tm7UZAfVxlA9YDllGSATAzucpobbkG3yRveohS+Lvn3eLW84m7FNvBjx93HKC9\/tfztXPjIWFSu+pnWXkWPe+NWGJ6pMowGGhPeEiicaZatJwVCf1ej\/gPI73PkhWMfC2s9Hf+f2vU7FnF+Rk5+1LyI56Ls\/EEV\/ey+JUWCFU8o3MsWBJN4S5I5XW7bot3B3Jt9qbtsDQqxs\/BeB+zIzdieEJstZCI8cYE0AGSu\/8mDw8Pq0WD96jtAQOW4JDFesq458NsCIrfbVe38lof6ZfbZcRiO+hZ33XPDihYY+7lySHNjqNp9kQFhYT0AT1hgjXBpKJvdA7IWqrPPGNzxF8Ux8Hqf\/WIer4kzL184IVyA\/WXyomANfpZlMhnIY2xaxBS3VlWOeF84Gb4r0Sa+kv5di0sCQpKPTiT5oAOo349042KwBN5gdxdAhUg\/0x5qplzkSHyyJXGJSov9JVH4paywpoop7jH1b19En3ljvR02pgnxNFSk4rE\/3wbAewmqYhOrXFLVIMd+ZQEOF1g2QBndW1XZ6vXqEM9SABeWaoalkI4yNJgvT5cDOBHEx+87yK3lD6V79GbxjXI5VyppjY3qdGM9Chm51xoKt5adbA5qNJd8ANZnuWHQpGPx4g9rl8VqUaA2\/IX0rONrTgdX28fFefqNSDsd+BsQnCLYfP5bFbj17UY0TICz5bXRQjO\/V+D7spNMZbz7RS3i+SritWXk21lZqpiPwZe5GTRixT94EFxM\/pbuZ3OKXTRqNS6fx1zWqiL5ooDZCJwUCMF6SafeXA\/EDLMKdj2x8GTaxB5DIGGjtGlAMuaJHAj9etKtFX9h9HVL+VuyDih7hk\/rvqiRpAN+iAD1T5fHtxOihSGYBr\/ifKEbbGdqnjEl4otCpDrhpC7dn7LmexXxAvHCnldSX2j7XK0RhLBKAFzSUNgruylEfycgsSEqNbHmLUDnf6AvIhRg6ymWPRCDrsRTgbW0bbisJK4mtP3hT5wN27FdTtyR\/ZzpjUO6vk2+VTEYBPptW9n024gkY4Pujm27wPzodQ18P6Logxt9ZMB\/kIuKxjs9mtjrXskUGR87Es\/q73fM7rwWMkmdh6VgZSJyGzqg\/q9MwTOmcvPbHVUDney9cekOAoQ7KsKF8gLvCut\/rqbKnhd7nVBEesdVvL4GuD3J9ZSzHZ8FOdDgyfGelSZzSb0RgJnKGabkwiV31q1mjcgLibL6x7huY2LjRMjDYb\/63GC5OW4CzmOr0ztcPIeIeP652\/efCoypSm0DZ1Eqi7dce1GzRrE7OrF3Yr0mfWmy9MPZn1gCGICQOZ8DhATdGH6Mjd3gGuvGFdg9pAyN97X87EC2ROys6snq3XmA+j7AuRz+cB\/dOo8W1UIBuNOwdz3LIljEjD1m6vmaRe5KgmREJUvdnpczw9sD9lDORSAu4RUw9X7722Ujtj61QTDU9sGOJItxPXrZOnLS3JT64ZpOF7cjneWenbeUvMwaFLNGDXOugKKXX60xQMLp1PYgQ62o3p\/N+VXjktrhRo0qJve8URWVAxgB8kAqoGIfdVxj7Ltprp24bfz9CYWLHa1PtwOl+EGeqQn2GJVtf2iRxkFYOAjVveo2azaQmCwC0acG2QKd9GSfBNEZnUKEkjQoNSaw8ESH\/cqqYyPWtGEmavJPaMOy7N55zkWef0\/bT1jTD98c+uJYbqUXhRVt09qoSyV3X\/opql8uGbIs40qGqsNteZNSFoSKkZWBoj1XeljPm7I\/Nu4P7bZh0zuY9fTMKQIc67pYN7OP0FHIbAhKWeD1\/zZA1TevyXJzzTwvfw4x\/MoS4L01Jesg=","iv":"98f1a9b8b51cf718a23f005076605567","s":"e049f75520c4f7b1"}
Share your thoughts. Click here