The global luxury goods market remains poised to see further expansion next year, and for the rest of the decade to 2030, even in the face of present economic turbulence, according to a Bain & Company luxury study.
The global luxury industry that had lagged behind in adopting new technology is now accelerating the process with benefits being seen in increased fluidity of customer relations, operational excellence and reduction of the industry’s carbon footprint.
How do cultural workers like stylists and visual merchandisers influence young people who want to keep up and stay in-step with the latest high end sartorial styles and the fashionable people who wear them? What role does social media play in stoking anxiety about who they are and what they should buy? texfash.com explores.
Sustainability in luxury, earlier an oxymoron, has gone mainstream as secondhand turns out to be one among the many solutions to check environmental damage caused by its extravagance.