Popular retailer flags major trend that could save luxury fashion
A new trend has risen in popularity, and its influence might be the luxury fashion market's last resort.
The luxury market has been on a downward spiral over the last few years, facing one of its worst slumps since the Great Recession.
This slump is partly due to an unpredictable global economy and ever-evolving consumer habits, causing a softening in customer spending, especially in the China region, which used to be luxury's top client.