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Luxury brands lower prices to win back middle-class customers, who account for over half of global luxury purchases.
Luxury brands face the challenge of winning back middle-class customers, who collectively account for over half of global luxury purchases according to Boston Consulting Group.
As the luxury industry focused on attracting ultra-wealthy shoppers, it neglected its middle-class base.
Brands such as Burberry and Yves Saint Laurent are now lowering prices to regain the support of these crucial customers.
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Las marcas de lujo bajan los precios para recuperar a los clientes de clase media, que representan más de la mitad de las compras de lujo a nivel mundial.