Luxury fashion spending to increase in the next six months, says new study

The data presented is based on a survey of luxury consumers conducted between March and May 2021, and including input from more than 7,000 consumers across 13 markets. Photo: AFP

After a difficult period, the luxury sector is starting to recover, driven by consumers' willingness to spend heavily on high-end fashion items once again.

However, players in the luxury sector will have to deal with new consumer expectations relating to sustainability and the transformation of the shopping experience, a new study reveals.