Commentary
The Gilded Chill: Luxury Shoppers Hit Pause
- by Sarah Mahoney , Staff Writer @mahoney_sarah, Yesterday
Luxury shoppers in the U.S. — typically the most resilient when it comes to discretionary spending — are growing anxious and pulling back. Saks’s latest Global Luxury Pulse survey finds that financial security is edging out fashion as a priority, with affluent consumers saying they’d rather feel safe about money …
Sarah Mahoney is a staff writer for MediaPost. She covers retail, fashion, beauty and apparel, as well as D2C brands and women’s political issues. You can reach Sarah at sarah@mediapost.com.
Sounds like the survey sample included many aspirational luxury consumers. A $200K income household, especially for a family in a major city, can rarely afford true luxury products.