Finance News – Luxury Market
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The luxury market’s betrayal of Gen Z
Recent figures reveal a significant decline in younger consumers within the luxury sector, with approximately one-eighth of the customer base, primarily from younger age groups, ex...
Read Full Article →Frasers Group sales fall amid ‘challenging’ luxury market and retreat from gaming
Frasers Group experienced a decline in profit and revenue due to store closures and shifting market conditions, despite increased sales in certain segments like Sports Direct.
Read Full Article →The luxury market is poised for a big slowdown, but there are some areas where people are still will...
Despite an overall reduction in high-end consumer spending, certain luxury segments continue to attract significant investment, indicating selective demand within the premium goods...
Read Full Article →Investors pin hopes on Burberry’s recovery amid China and US trade upheaval
Market participants are closely watching Burberry’s efforts to stabilize its performance, as ongoing trade tensions in China and the United States continue to impact the broader lu...
Read Full Article →The middle class is spending less on 'aspirational' luxury, and it's threatening a yearslong boom in...
Reduced expenditures by the middle-income demographic on premium goods are causing concerns about the sustainability of prolonged growth in the upscale retail sector.
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