The luxury goods market has not had a sparkling year. According to the Bain & Company's annual luxury report, the industry as a whole is expected to decline in 2024, as China and South Korea both experience challenging economic headwinds. How AI is helping advertisers pinpoint exactly what we want CC Share Subtitles Off English view video How AI is helping advertisers pinpoint exactly who you are and what you want How AI is helping advertisers pinpoint exactly what we want CC Share Subtitles Off English How AI is helping advertisers pinpoint exactly who you are and what you want The consulting group's analysis, in conjunction with Italian luxury goods body Fondazione Altagamma, predicts a 2% dip in the market this year.
Only one third of luxury retailers are expected to see positive growth in 2024, compared to two thirds of brands last year. Advertisement This report comes days after luxury department store chain Saks Fifth Avenue suddenly canceled its annual holiday light show at the brand's flagship..
. Madeline Fitzgerald.