Reported about 12 hours ago
As the holiday shopping season begins, luxury brand prices are a major concern for consumers, with inflation exceeding 50% over the past five years. Pauline Brown, former Chairman of LVMH North America, identifies two primary drivers of this price increase: an increased consumer demand for luxury goods and a decline in China's previously strong market growth. While older consumers are increasingly shopping online, younger generations prefer in-store experiences, emphasizing the evolving shopping habits during this season.
Source: YAHOO