💨 Abstract

Global luxury goods sales are decreasing but not failing due to U.S. tariffs, geopolitical tensions, and internal challenges like creativity crises and price increases, according to a new Bain & Co. study. Sales are expected to drop 2–5% in 2025. Issues in the U.S. and China, the largest markets, drive this decline, while the Middle East, Latin America, and Southeast Asia show growth.

Courtesy: WTOP Staff