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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