Global luxury sales to fall 2% in 2024, among weakest years on record: Bain

Q: How long will it take to read this news story?

The story "Global luxury sales to fall 2% in 2024, among weakest years on record: Bain" has 426 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Global luxury sales to fall 2% in 2024, among weakest years on record: Bain" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 347 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23573728</li><li>URL: https://beamstart.com/news/global-luxury-sales-to-fall-17315175081345</li></ul>

Business Standard Logo Business Standard 1w ago

Global luxury sales to fall 2% in 2024, among weakest years on record: Bain - Business Standard

Quick Summary:

Growth prospects for the market hinge partly on the strategies brands choose to pursue, including on pricing, she added.

The study released on Wednesday will likely heighten concerns among investors that the sector's current downturn, which has knocked shares in the likes of LVMH and Kering, may be longer and deeper than anticipated.

Levato said Donald Trump's victory in the U.S.presidential election had removed one uncertainty, while possible interest rate and tax cuts could encourage Americans to spend more.