But one part of the market is doing the opposite. The global pre-owned luxury market is outpacing the growth of new luxury sales by 7%. “Luxury is still in demand, but today’s shoppers are ...

MILAN/PARIS (Reuters) - Sales of luxury goods worldwide ... economic turbulence following a global flare-up in trade tensions. While the large majority of luxury shoppers polled by the consultancy ...

The super-rich ended 2024 on a luxury ... spike in sales of properties over $10 million in glamorous cities around the globe. Realtor.com reported the trend, citing data by global real estate ...

The luxury boom is slowing, hurt by a pullback in spending among middle-income households. The global luxury market shrank 2% in 2024, the first decline in 15 years. Rising prices and economic ...

Burberry, the UK's only global luxury brand ... lost £66m in pre-tax profit in the year ended in March as luxury goods sales fell across the world and the company weathered an "uncertain ...

Bain & Co. has significantly downgraded its forecast for worldwide luxury goods sales, now anticipating ... further economic turbulence following a global flare-up in trade tensions.