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As price hikes and inflation persist in 2025, harnessing consumer trust is a challenging prospect for brands across the fashion and luxury space.
Spending habits are changing in tandem — consumers are prioritising experiences and travel over products and apparel for their discretionary expenditure. In the third quarter of 2024, the top category that US and European customers splurged on was eating out, followed by travel and buying groceries, according to BoF and McKinsey’s State of…
