Look out for excessively high prices: they suffocate aspirational consumers

Look out for excessively high prices: they suffocate aspirational consumers

Increasing prices could cause a hard stop for the leather goods segment. The homes of wealthy consumers were filled with handbags in the past few years, but now that prices have skyrocketed, they may prefer to buy jewelry. Generally speaking, analysts believe luxury brands will perform better than others in the coming period, but they…

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