Perhaps the most significant narrative in the 2024 report is the divergence between consumer tiers.
While China stumbled in 2024, Japan became the star performer. bain luxury report 2024 pdf
Showed "green shoots" with a slightly improving quarterly trajectory, though aspirational shoppers remain pressured. Perhaps the most significant narrative in the 2024
It is critical to note that the primary reflects data up to September 30, 2024. However, Bain publishes a "flash update" in late November. bain luxury report 2024 pdf
Showed "green shoots" of recovery in the US despite fluctuating consumer confidence. Winning Categories & Consumer Shifts