Bank on swank âŚ
Even as inflation soars, luxury shoppers still pamper themselves by investing in upscale brands.
More notable trends:
đ BRICK & MORTAR: Even as luxury evolves online, high-touch, in-store experiences seal the deal, inspiring Versace to open 88 new stores this fiscal year [Retail Dive]
đ PRICE HIKES: Luxury shoppersâ price elasticity prompted Chanel to raise handbag prices 16% ahead of the 2021 holiday season [Business of Fashion]
𧲠GEN Z MAGNETS: To target younger shoppers, luxury brands collaborate with BTS, Rihanna and BeyoncÊ (vs. AC/DC, Bono and Axl Rose)
What luxury trends would you add?
HUGE thank you to Santosh Kushwaha and his award-winning team at VisualBest for this timely, striking design.
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