The latest Saks Luxury Pulse reveals consumers are more focused on saving and travel, and budgeting less for luxury goods.
By comparison, the previous Saks Luxury Pulse, fielded in late January, indicated that 62 percent of the respondents would spend the same or more on luxury, meaning 38 percent would spend less.
“In line with our strategy and expectations for the year, the luxury consumer is responding to the economic environment and tapering their spending on luxury items,” Marc Metrick, chief executive officer of Saks, said in a statement. “As we have taken steps to ensure Saks is best positioned to navigate the rest of the year, the latest Saks Luxury Pulse findings reinforce our confidence in our strategy.
“We’re also strategically emphasizing our use of Saks Live, our live commerce platform, again as an efficient and scalable mechanism for driving customer engagement. In [the first quarter], we presented 40 Saks Lives and AOV for this initiative was 60 percent higher than that of the site.” In other findings from the latest Saks Luxury Pulse suggesting less inclination to spend on luxury, 57 percent of respondents with an income of $200,000 or more plan to spend the same or more on luxury in the next three months, down from 68 percent in the January survey.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
1 dead, 4 missing after luxury fishing charter boat sinks off the coast of AlaskaThe Coast Guard is searching for four missing people after a luxury charter fishing boat sank off the coast of Alaska.
Leer más »
One dead, four missing after luxury fishing charter boat sinks off the coast of AlaskaSITKA, Alaska — The Coast Guard is searching for four missing people after a luxury charter fishing boat sank off the coast of Alaska.
Leer más »
Jennifer Lopez’s Latest Off-Duty Look Is All About Quiet LuxuryThe singer traded her signature hoops for diamond studs, and her go-to platforms for sleek flats
Leer más »
One dead, four missing after luxury charter boat sinks off Alaska coastWhen the ship — last seen Sunday afternoon — set out, the region was experiencing massive six-foot to 11-foot waves.
Leer más »
1 dead, 4 missing after luxury fishing charter boat sinks off Alaska coastThe five people aboard the boat were last seen Sunday afternoon.
Leer más »
Why Luxury For Pets Is A Booming BusinessPeople may be feeling the squeeze on their finances, but when it comes to their pets, they are prepared to spend, with the luxury pet market proving incredibly buoyant.
Leer más »