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Luxury Faces First Real Decline in 15 Years as 50 Million Consumers Exit

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Luxury Faces First Real Decline in 15 Years as 50 Million Consumers Exit - RETAILBOSS

Quick Summary:

Over the past two years, the luxury industry’s customer base has contracted by approximately 50 million consumers, shrinking from 400 million to around 350 million by the end of 2024.

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Luxury Faces First Real Decline in 15 Years as 50 Million Consumers Exit - RETAILBOSS (Picture 1)

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Article Details

Author / Journalist: Jeanel Alvarado

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 19:37:50 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retailboss.co

Language: English

Article Length: 31 words

Reading Time: 1 minutes read

Sentences: 28 lines

Sentence Length: 2 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © RETAILBOSS

News ID: 26932280

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About RETAILBOSS

RETAILBOSS Logo

Main Topics: Economy

Official Website: retailboss.co

Update Frequency: 1 posts per day

Year Established: 2011

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #113

Publisher Details

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The story "Luxury Faces First Real Decline in 15 Years as 50 Million Consumers Exit" has 31 words across 28 sentences, which will take approximately 1 minutes for the average person to read.

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The story "Luxury Faces First Real Decline in 15 Years as 50 Million Consumers Exit" was covered 1 days ago by RETAILBOSS, a news publisher based in United States.

How trustworthy is 'RETAILBOSS' news outlet?

RETAILBOSS is a fully independent (privately-owned) news outlet established in 2011 that covers mostly economy news.

The outlet is headquartered in United States and publishes an average of 1 news stories per day.

It's most recent story was published 1 days ago.

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  • News ID: #26932280
  • URL: https://chronographically.beamstart.com/news/luxury-faces-first-real-decline-17418212897033

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