Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says – ET Retail
Representative image Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry’s customer base, according to consultancy Bain & Company. In its closely-watched report on the 363-billion-euro ($386 billion) market, Bain estimated a 20-22% sales drop…