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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