Sales of luxury goods will expand 2 percent at best this year, excluding currency swings, according to estimates by Bain & Co. The U.S. is this year’s problem child with a combination of weak tourist spending and uneven local demand, meaning sales of designer dresses and other expensive stuff could fall. Japan is booming, helped by Chinese tourists’ yen for buying luxury in that country.
Photographer: Philip Lee Harvey/Getty Images/Cultura Exclusive
Americans Are Trimming Back on Luxurious Lifestyles
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