Economic Trends

2 articles

An opulent but empty luxury boutique interior, symbolizing the current slowdown in high-end consumer spending.

LVMH Reports Slower First-Quarter Sales Amid Luxury Spending Slowdown

Europe's ten largest publicly-traded luxury firms have collectively shed $176 billion in market value since the start of 2026, signaling a sharp reversal for an industry long considered recession-proo

Victoria Laurent·April 19, 2026

An affluent consumer thoughtfully considering luxury items in a high-end boutique, reflecting a shift in spending priorities amidst rising prices.

Watches & Jewelry

Affluent Consumers Are Shifting Priorities, Slashing Luxury Spending.

Luxury prices in Europe are as much as 61% higher than they were five years ago, yet global luxury spending contracted by 1% to 3% in 2025 at current exchange rates, totaling €1.

Henry Caldwell·April 18, 2026