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.
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