Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released Wednesday.

Luxury goods market size was valued at $328.1 billion in 2023 and is projected to reach $447.3 billion by 2033, growing at a CAGR of 3.2% from 2024 to 2033. Designer apparel and luxury jewelry ...

Individual consumers drive the growth of the Luxury Goods Market by seeking exclusive and high-status products that reflect their personal style ... Each sample we share contains a detailed ...

About 50 million customers were sidelined from the luxury goods market by 2024 as prices climbed roughly 20% since 2021, according to Aaron Cheris, a partner and head of global e-commerce and ...

Global luxury sales set to hit record this year, study says Global sales of personal luxury ... The luxury market is no exception. Big luxury goods companies will be pressured to make acquisitions ...

Personal luxury goods ranging from diamonds to sneakers have proved helpful supplementary revenue spinners for the auction houses in trickier times, even accounting for a third of sales at Sotheby ...