Research
June 18, 2025
The ongoing luxury slowdown is set to continue into the summer as macroeconomic factors continue to adversely affect affluent buyers. Image credit: Saks
By Zach James
The high-end space is poised to see a decline in domestic spending over the coming months, according to the latest findings from U.S. holding company Saks Global.
{"ct":"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","iv":"bca641c322a0b5507556d0b8d7348a5e","s":"eea9313cc0230086"}
Share your thoughts. Click here