Economic Trends
5 articles
Luxury retailers close iconic stores
Levy's Clothier, a Nashville institution for 171 years, will permanently close its doors in late December 2026.
High-end jewelry market sees unprecedented growth
Richemont's jewelry segment has now achieved its seventh consecutive quarter of double-digit sales growth, defying broader economic slowdowns.
Quiet luxury's reign is ending as economic headwinds challenge discreet spending.
US consumer spending, including among high-income earners, declined by 3% year-on-year for two consecutive months in mid-2023, according to OmniaRetail .
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
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.