US EditionTariffs, War, and Inequality Have Battered the Luxury Goods Market—Gucci Sales Are Down 24%
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6 Articles
Tariffs, war, and inequality have battered the luxury goods market—Gucci sales are down 24%
MILAN (AP) — Global sales of personal luxury goods are ”slowing down but not collapsing,” according to a Bain & Co. consultancy study released Thursday. Personal luxury goods sales that eroded to 364 billion euros ($419 billion) in 2024 are projected to slide by another 2% to 5% this year, the study said, citing threats of U.S. tariffs and geopolitical tensions triggering economic slowdowns. “Still, to be positive in a difficult moment — with th…
Luxury goods will show their weakest performance since the pandemic era
MILAN.-The global sales of luxury personal goods are “decelerating but not collapsing,” according to a study by consultancy Bain & Co. published on Thursday.The sales of luxury personal goods, which were reduced to €364 billion (419 billion dollars) in 2024, will decrease another 2% to 5% this year, according to the study, citing threats of U.S. tariffs and geopolitical tensions that trigger economic decelerations.“Still, being positive at a dif…
Tariffs And Geopolitical Pressures Will Slow But Not Collapse Global Luxury Sales In 2025: Study - Canadian Manufacturing
Global sales of personal luxury goods are “slowing down but not collapsing,” according to a Bain & Co. consultancy study released on Jun. 19. Personal luxury goods sales that eroded to 364 billion euros ($419 billion) in 2024 are projected to slide by another 2% to 5% this year, the study said, citing threats of U.S. tariffs and geopolitical tensions triggering economic slowdowns. “Still, to be positive in a difficult moment — with three wars, e…
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