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How Bad Will the US Luxury Slowdown Be?

Sales growth has slowed sharply after a two-year surge. But analysts expect the American luxury market to bounce back soon, as brands open more stores and adapt their offer to changing tastes.

Models walk the runway during the Versace Autumn/Winter 2023 fashion show at Pacific Design Center. — Analysts expect the American luxury market to bounce back soon, as brands open more stores and adapt their offer to changing tastes. (Getty Images)

By

Robert Williams

31 March 2023

BoF PROFESSIONAL

High energy prices and inflation, geo-political turmoil and the tightening of monetary policy have taken their toll on consumer sentiment, dampening the “YOLO” attitude that drove unprecedented growth for luxury fashion brands since the pandemic.

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About the author

Robert Williams

Robert Williams

Robert Williams is Luxury Editor at The Business of Fashion. He is based in Paris and drives BoF’s coverage of the dynamic luxury fashion sector.

In This Article

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Luxury

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