The total luxury market (including goods and experiences) remains near record highs but faces headwinds.
Growth is no longer driven by selling more items, but by price increases and a focus on top-tier, timeless pieces. 🌍 Key Regional Trends bain luxury report 2024 pdf
The 2024 landscape shows a stark contrast between different geographies: 1. China’s Complex Recovery The total luxury market (including goods and experiences)
After years of record-breaking growth, the global luxury market is experiencing a cooling period. According to the latest findings, the market is projected to see a slight contraction or flat growth in the first half of 2024. Using AI to offer bespoke shopping experiences
Spending on luxury travel, fine dining, and "well-being" is outperforming the sale of physical goods like handbags.
Using AI to offer bespoke shopping experiences.
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