Luxury Brands

1 article

An empty luxury car showroom with a few people looking at their phones, symbolizing the loss of 50 million customers in the luxury sector.

Luxury brands lose 50 million customers amid shifting consumer demands

The luxury sector, once a bastion of exclusivity, has seen an estimated 50 million customers walk away, leaving a gaping hole in its post-downturn recovery efforts.

Santiago Acosta·May 23, 2026