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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