Nov. 13, 2024: Global luxury to post flat growth at $1.6 trillion for 2024, sheds 50M customers in 2 years
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Outlook
Global luxury to post flat growth at $1.6 trillion for 2024, sheds 50M customers in 2 years |
Luxury customer base shrinking amid continuing economic uncertainty, price elevation and declining customer advocacy, particularly among younger generations.
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