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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