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.
Archive | Affluent Consumers
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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.
LVMH Struggles As Luxury Consumers Pullback
LVMH just delivered a blow to investors in first quarter, reporting a 3% organic revenue decline, including a 5% drop in its largest fashion and leather goods segment.
Luxury Consumers Hit Pause as Economic Worries Mount
In 2025, the luxury market faces headwinds unlike any seen since the Great Recession or Covid due to the threat of tariffs to disrupt the economy and global trade.
U.S. Jewelry Market Faces Headwinds As Luxury Consumer Demand Retreats
The U.S. jewelry market grew 5% in 2024 to $85.4 billion, but affluent consumers are pulling back on planned jewelry purchases this year.
