Why the world fell out of love with luxury
High-end retail is caught in an identity crisis. Can slighted shoppers be persuaded to start spending again?
High-end retail is caught in an identity crisis. Can slighted shoppers be persuaded to start spending again?

High-end brands have ignored the aspirational shopper. No wonder they’re in trouble

Currency swings sap spending power of American and Chinese travellers overseas

As much as 40% of designer goods were sold at steep markdowns this year, analysts say

Some mid-market brands are setting themselves apart from the competition through heritage fabrics with a high-end pedigree

Many consumers are resisting, even turning back the digital revolution

Second-tier brands and retailers are starting to stretch their tendrils upwards