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Study finds global luxury sales flattening amid self-inflicted creativity crisis and price hikes
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Study finds global luxury sales flattening amid self-inflicted creativity crisis and price hikes
![Luca Bruno FILE - A woman walks past the Gucci store window at the Via Montenapoleone fashion district, during the Milan's fashion week in Milan, Italy, Friday, Sept. 25, 2020. The post-pandemic surge in global sales of luxury handbags, shoes and apparel is on pace to stall this year amid a creativity crisis and price hikes focused on the biggest spending customers. (AP Photo/Luca Bruno, File)](https://mapi.associatedpress.com/v2/items/73f04a806e33473e8746f4ecc70e171b/preview/preview.jpg?s=680x)
FILE - A woman walks past the Gucci store window at the Via Montenapoleone fashion district, during the Milan's fashion week in Milan, Italy, Friday, Sept. 25, 2020. The post-pandemic surge in global sales of luxury handbags, shoes and apparel is on pace to stall this year amid a creativity crisis and price hikes focused on the biggest spending customers. (AP Photo/Luca Bruno, File)
![Alberto Pezzali FILE - Creations for 'Runway Reinvented', part of the 'We Are Made in Italy' collecting fashion event are shown during the women's Spring Summer 2023 fashion week, in Milan, Italy, Wednesday, Sept. 21, 2022. The post-pandemic surge in global sales of luxury handbags, shoes and apparel is on pace to stall this year amid a creativity crisis and price hikes focused on the biggest spending customers. (AP Photo/Alberto Pezzali, File)](https://mapi.associatedpress.com/v2/items/7791ee9186c649b18468175181c80850/preview/preview.jpg?s=680x)
FILE - Creations for 'Runway Reinvented', part of the 'We Are Made in Italy' collecting fashion event are shown during the women's Spring Summer 2023 fashion week, in Milan, Italy, Wednesday, Sept. 21, 2022. The post-pandemic surge in global sales of luxury handbags, shoes and apparel is on pace to stall this year amid a creativity crisis and price hikes focused on the biggest spending customers. (AP Photo/Alberto Pezzali, File)