Luxury retail is hitting a generational speed bump. Once buoyed by the spending power of older millennials and Gen X, high-end fashion and beauty brands are now facing a slowdown, with Gen Z opting out of traditional luxury splurges. Most recently, global markets from Paris to Shanghai have reported sluggish sales, prompting concerns across the […] The post Luxury Retail Faces Reckoning as Gen Z Embraces Thrift. appeared first on Kadence.
