Luxury brands introduce cheaper items to lure middle-class shoppers amid a 6% drop in US luxury sales.

Luxury brands are adding more affordable items like scarves, belts, and home goods to attract price-sensitive middle-class shoppers, responding to a 6% drop in US luxury spending in November. This shift aims to counter economic uncertainties but may reduce profit margins. Brands are also collaborating with mass-market retailers to maintain relevance and foster future high-end sales.

3 months ago
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