The global luxury market shrank 2% in 2024, the first decline in 15 years. Rising prices and economic angst are hurting spending, retail and luxury experts told BI. The luxury market is losing a ...

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 company’s sales were boosted by product innovations, a sharp marketing strategy and full-price selling and come despite a downturn in the luxury market that has hurt players such as French ...

citing the first-quarter sales miss. Investors had been hoping the luxury sector would pull out of its slump this year, but trade tensions have raised concerns of a global recession. Improvement ...

In February, Saks Global said it had a master plan to “reset” the luxury experience ... Saks and Neiman Marcus both saw negative sales trends last year. Still, Metrick expressed confidence ...

During the first three months of the year, there were 93 home sales at £5 million or above, which is just one more than a year ago. This news could sound surprising given the global economic ...

Global EV sales surged to 1.7 million units in March, hitting 4.1 million for Q1 2025 as the EV market continues its robust growth, according to new data from EV research house Rho Motion.

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 ...