In a significant blow to the luxury watch market, Swiss watch exports saw a staggering decline of 12.4% in September 2024, marking a troubling trend for an industry once considered resilient against economic fluctuations. The primary catalyst for this downturn is a notable 50% drop in shipments to China, a country that has been a […]
Inside Luxury’s Slowdown
The luxury fashion market finds itself at a significant crossroads, grappling with economic challenges that threaten its previously unassailable growth. The sector, which once thrived on a blend of exclusivity and constant innovation, now faces mounting headwinds, including soaring prices, shifting consumer behaviors, and a notable lack of fresh designs. With insights from major industry […]
