Reported 16 days ago
Luxury goods have seen a significant price increase, with no corresponding rise in quality, leading to a decline in sales for many brands. As shoppers express frustration over the value of luxury items, especially amid rising prices and falling home values in China, luxury brands are grappling with their image and exclusivity. Analysts note that while some brands maintain strong sales, others like Gucci are struggling, signaling a potential shift in consumer behavior regarding luxury spending.
Source: YAHOO