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Luxury consumer confidence falls amid economic uncertainty: Saks
Luxury consumer optimism has dropped sharply, with only 28 per cent feeling positive about the economy, according to Saks Global. Concerns over politics, recession, and market volatility are dampening spending intent—only 47 per cent plan to maintain or increase luxury purchases, the lowest since April 2023. Saks plans to focus on personalised, experience-led strategies to maintain loyalty.
Luxury consumer optimism has dropped sharply, with only 28 per cent feeling positive about the economy, according to Saks Global.
Concerns over politics, recession, and market volatility are dampening spending intent—only 47 per cent plan to maintain or increase luxury purchases, the lowest since April 2023.
Saks plans to focus on personalised, experience-led strategies to maintain loyalty.
