High-net-worth consumers plan to spend more on travel, dining and wine, and less on jewelry and handbags, in the second half of 2013, according to a new Luxury Institute survey.
The 2013 State of the Luxury Industry report surveyed 504 consumers with net worth of at least $5 million and minimum annual household income of $200,000 to learn about current preferences and future spending of luxury goods and services for the remainder of the year.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)