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.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"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)