Affordable luxury and dupe culture are the main trends impacting consumers’ shopping habits. Fashion platform Lyst revealed the average price of its hottest products was US $628 (£505) in its Q4 2024 report The Lyst Index. This is down 27% year-on-year. While luxury fashion houses Miu Miu, Saint Laurent, Prada and Loewe snagged the top…
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The new luxury fashion market equation: Resilience, relevance and renewal equals growth