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.
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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.
American Luxury Consumers Pull Back, Challenging LVMH, Ralph Lauren, Capri And Tapestry
Affluent Americans are pulling back in luxury spending. LVMH, Tapestry, Capri Holdings and Ralph Lauren are seeing the results in their latest earnings reports.
Consumer Worries: Why the second half of the year could be rough for retailers
Yahoo! Finance asked me about what the second half of the year holds for retailers…and it doesn’t look good. Get the story with James H. Gellert, Rapid Ratings. Click Here
