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Podcast: レアジョブ英会話 Daily News Article Podcast
Episode: Luxury sales flattening, amid creativity crisis and price hikes
Description: The post-pandemic surge in global sales of luxury handbags, shoes, and apparel is set to stall this year, according to a new study by the Bain and Company consultancy. Amid a creativity crisis and price hikes, brands are shifting focus to the biggest spending customers.
The consultancy cites political uncertainty during a presidential election year in the United States, as well as economic uncertainty in China that’s brought on a phenomenon of “luxury shaming.”
Beyond socioeconomic factors and rising geopolitical tensions, the slowdown is also partly “self-inflicted,’’ says Bain partner Claudia D’Arpizio. She cites a “creativity crisis,’’ in the sector, as a num...