How Saks Fifth Avenue is tapping into the power of personal shopping

While the everyday consumer has become price-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shopping market has become more competitive than ever.  According to global data and business intelligence platform Statista, the luxury goods market is projected to generate a revenue of US$368.9 billion in 2024. The market is expected to grow at a compound annual growth rate of 3.22 per cent between 2024 to 2028, with luxury fashio

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