Luxury sales are falling across regions, and recovery patterns will vary
Inside the numbers: 1 of 3
In Q1, luxury saw steepest declines in China
Inside the numbers: 2 of 3
The luxury market could drop between 15% and 35% in 2020
Inside the numbers: 3 of 3
Luxury will continue to feel the effects in 2021 and beyond
Sales could fall up to 35% this year, but companies can still emerge stronger, more innovative and more purposeful.
As the global pandemic deepens and the human cost of Covid-19 rises, the novel coronavirus outbreak is sending shocks through the world economy. But across industries, companies can take action now to protect their employees and customers and minimize the economic damage.