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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