This holiday season Gen Z prioritizes real-life experiences, community, and tradition over materialism in a search for meaningful connections amid economic uncertainty.
Archive | Affluent Consumers
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Luxury Slowdown Deepens As LVMH’s Fashion And Leather Goods Juggernaut Plunges 12%
When the industry’s juggernaut – LVMH – sees its largest fashion and leather goods segment down 8% in 1H2025, it is warning of a wider industry downturn.
How Aspirational Overreach Killed the Goose That Laid Luxury’s Golden Egg
Luxury’s focus on accessibility fueled growth but alienated top spenders. Now facing a slowdown, brands must return to core luxury values and first principles.
Luxury’s Luster Fades As Consumers’ Emotional Disconnect Deepens
Luxury consumers, disillusioned by recent price hikes and stagnant creativity, are pulling back on purchases, leading to a 5% drop in the luxury goods market.
Why Costco And RH Boosted Benefits For Their Most Valuable Customers
Costco and RH have enhanced benefits for their most valuable membership customers, who account for 73% and 98% of company revenues respectively.
