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Falling Confidence, Sales Reveal Even Affluent Consumers Worried

In Industry News, What's New by Jeff PrineLeave a Comment

Stevens, PA—The latest consumer holiday spending report—this one for the nation’s most affluent consumers—may be even more disappointing to retailers. While several recent consumer holiday spending reports indicate that the general population is concerned about spending and will be cautious with their spending the rest of the year, so, too, …

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Affluent Shoppers Are Playing a Larger Role in Fashion, Study Concludes

In Industry Experts, What's New by Accessories StaffLeave a Comment

Industry Experts

Stevens, PA—Although the so-called mass market accounts for the most sales in the fashion industry, a new study found that affluent consumers (the top 20% of U.S. households by income) account for about 40% of the total $361.2 billion fashion market. What’s more, these affluent consumers are accounting for the …

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Luxury Survey: Steep Downturn Ahead as Consumer Confidence Declines?

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Stevens, PA—If you think the debt ceiling debate may be hurting market confidence, consumer confidence among the nation’s most affluent shoppers dropped this month to lows like those in the Great Recession. According to Unity Marketing’s Luxury Consumption Index (LCI), an exclusive measure of consumer confidence among the economy’s most …