Bain Luxury Report 2024 Pdf Jun 2026

Conversely, Mainland China experienced a severe economic reversal, cratering between . Low domestic consumer confidence, real estate sector stagnation, and a preference for spending abroad put an end to the "artificial boost" China experienced during its extended pandemic lockdown eras. Europe and the Americas: Resilient Normalization

A major takeaway is the decline in the overall number of active luxury shoppers. A "shrinking and splintering" customer base means that acquiring new customers has become more expensive and challenging, particularly among younger generations. bain luxury report 2024 pdf

Luxury in Transition: Securing Future Growth - Bain & Company A "shrinking and splintering" customer base means that

The 2024 luxury landscape is highly fragmented, with stark differences in performance across key regions: 1. Japan: The Clear Winner real estate sector stagnation

Middle-class, aspirational buyers have been priced out of core categories due to compounding price increases.