The luxury market, once insulated from economic woes plaguing downstream segments, now faces softer sales and other challenges ahead.
In the short term, the threat comes from a retreating aspirational shopper, who has to contend with higher fuel and energy costs, inflationary food prices, higher debt and a lower total household net worth — thanks to sagging housing prices.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)