Luxury Briefing: How luxury shoppers are trading down in the challenging economy
There are mixed messages about how luxury consumers are currently spending. But — when factoring recent data, expert insights and insider reports of recent customer behavior — the resounding message is that the luxury consumer isn’t much different than consumers with less spending power. They’re shopping as they’ve always shopped, but they’re being more thoughtful about their purchases — and especially for the highest net worth shoppers, that’s not synonymous with pinching pennies.