• Luxury brands are back to pre-pandemic growth levels, with APAC driving sales

    1 month ago - By Fashion United

    Image: State of Art
    Luxury apparel will recoup its losses from the pandemic this year, according to a new report by Research and Markets.
    The growth in sales is largely driven by heightened demand in APAC and the Americas.
    Growth in APAC has been boosted by the rising number of middle class consumers and the shift to domestic purchasing due to international travel restrictions, while sales in the Americas have been bolstered by federal stimulus payments keeping demand for luxury goods high as many consumers invested in these items, such as handbags.
    The report states formalwear-centric...
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