Luxury brands and retailers have been navigating a protracted slowdown following the heady pandemic-era spike in demand for high-end fashion and beauty. As modest growth opportunities emerge in the next two years, our exclusive data reveals the consumer habits and preferences luxury brands and retailers must better understand to gain a competitive edge.

Key Question: What are the leading trends in luxury consumer spending in 2025?

Key Stat: Nearly three-quarters (72.6%) of US luxury buyers surveyed in August 2024 planned to spend the same amount or more on personal luxury goods over the next year, with adults ages 18 to 34 significantly more likely than average to anticipate higher spending.