Study says global luxury goods market will shrink in 2025

The global luxury goods market is forecast to shrink in 2025. Trump's tariffs could make it worse
Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released Wednesday. The outlook could worsen if the sector is hit by tariffs promised by Donald Trump.
Tariffs and Trends: Challenges Loom Over Luxury Market's Future
A Bain study predicts a 2025 decline in global luxury sales, the first since the Great Recession. Potential tariffs by Donald Trump could impact European brands. Consumers are deterred by rising prices and lack of novelty,
A Study Says the Global Luxury Goods Market Will Shrink in 2025. Trump Tariffs Could Make It Worse
Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemic
Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds
The personal luxury goods market looks set to face its first slowdown since the Global Financial Crisis, excluding the Covid period, a new report showed Wednesday. Global economic uncertainty and inflationary pressures have emerged as common threads in the ...
Global luxury goods market expected to shrink in 2025
Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession.
Will the global luxury goods market shrink in 2025 due to Trump tariffs?
A study says the global luxury goods market will shrink in 2025 and Trump tariffs could make it worse. View on euronews
Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says
Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and ...
Luxury Goods Market Faces First Decline As 50 Million Customers Disappear
Global sales of personal luxury goods are forecast to shrink for the first time since the Great Recession and potential ...
Forbes22d
Why The Drop In Luxury Goods Sales Could Be An Ominous Sign
Volpe predicted the personal luxury goods sector will have overall negative growth for this year and next. To get back to growth, luxury will need to do some of the things that everyday consumer ...
Business Wire15d
70% of US Consumers Buy Luxury Goods Each Year, With an In-Store Experience Preferred
54% will buy luxury goods for a special occasion or as a reward for personal achievement 30% will buy in a sale 16% will buy regularly as part of their lifestyle 13% will buy for the holiday ...
Singapore Personal Luxury Retail Report 2024: Designer Apparel and Footwear (Ready-to-Wear) Benefit from the Rising Trend of Quality Over Quantity
The "Personal Luxury in Singapore" report has been added to ResearchAndMarkets.com's offering.Retail value sales of designer apparel and footwear (ready-to-wear) rose by 4% to reach SGD1.3 billion in ...
Business Insider25d
There's more to China's luxury spending slump than its struggling economy
Since 2021, the yen — the country's official currency — has steadily declined, making luxury goods more affordable there. According to Bain, the country's personal luxury goods market ...
Voice of America21h
Bain: Global luxury sales to fall 2% in 2024, among weakest years on record
Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and ...
China Personal Luxury Industry Report 2024: Market to Reach CNY93.78 Billion this Year - Forecasts to 2029
The "Personal Luxury in China" report has been added to ResearchAndMarkets.com's offering.Retail current value sales of designer apparel and footwear (ready-to-wear) in China are rising by 5% to stand ...