Spending on luxury items cools but travel remains heated: Saks Fifth Avenue
Mar 07, 2023
Higher prices spurred by inflation are begining to make a dent with the well-to-do shoppers of Saks Fifth Avenue, according to the retailer’s new survey.
About 62% of Saks customers said they plan to spend the same amount or more on luxury merchandise over the next several months, down from 68% in September when the company conducted its periodic Saks Luxury Pulse. Read more at New York Post.