Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company’s new annual luxury report warns.

Shifting attitudes toward luxury have created an opening for newer, more agile and culturally relevant brands to make inroads ...

After a year of sweatshops scares, steep price hikes and a brewing trade war, luxury brands are working hard to rebuild trust through storytelling that emphasizes craft and heritage.

Luxury brands have lost about 50 million customers in two years. Secondhand websites and lower-price competitors are welcoming defectors with open arms. Demand for luxury goods is expected to be ...

Luxury brands hiked up their prices about 20% between 2021 and 2023, ... About 50 million customers were sidelined from the luxury goods market by 2024 as prices climbed roughly 20% since 2021, ...

Gen Z could account for nearly a third of luxury purchases by 2030, Bain reports. Yet, after COVID-19, many brands neglected younger consumers to focus on the uber-wealthy. Experts say they must ...

U.S. spending on merchandise from top luxury brands fell 6% year on year in November, according to credit-card data from Citi, setting a dour tone to the early holiday shopping season for LVMH ...

Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company’s new annual luxury report warns.

More than ever, high-end brands want you to know exactly how, and where, their goods are made. They are producing enormous glossy coffee table books showing white-coated workers hand-stitching ...

According to Bain & Company’s latest Annual Luxury Report, approximately 50 million luxury consumers have ceased buying iconic luxury brands like Dior, Burberry, and others, marking the first ...

Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company’s new annual luxury report warns.