There’s nothing like a little retail therapy after a long day — popping over to the mall, taking your mind off everything, and dropping a casual $26k on a Gucci crocodile handbag.
If that habit isn’t feeling super sustainable to you, you’re not alone.The luxury goods industry, which boomed post-pandemic, is now looking more unsteady than a stilt walker wearing Manolo Blahniks.Which brands are mired in a slump?First, some snazzy names did bear good news this past quarter, though they were few and far between: