WARC (October 12)
2023/ 10/ 13 by jd in Global News
“After a pandemic-driven boom, luxury sector growth rates are slowing and returning to something approaching the long-term norm.” Ultimately, a “slowdown had to come at some point – 20% growth rates are not sustainable for an extended period – but the question now being asked is how far the pendulum might swing in the opposite direction, especially as ‘aspirational’ buyers at the bottom end of the market cut back.”
Tags: Aspirational buyers, Boom, Cut back, Growth rates, Luxury sector, Pandemic, Slowdown, Sustainable
