- Luxury Daily - https://www.luxurydaily.com -

Personal luxury goods spending slows as consumer confidence drops

Image courtesy of Bicester Village; consumers are increasingly choosing experiences over things Image courtesy of Bicester Village; off-price retail is now 11 percent of total luxury sales

 

In the face of a more difficult economic climate, strategy will become the differentiating factor between winners and losers in the luxury sector, according to new research from Bain.