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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