c/news · by return2ozma@lemmy.world · 1y

Personal luxury goods market to shrink for first time since the 2008 financial crash, research finds

https://www.cnbc.com/2024/11/13/personal-luxury-goods-market-to-shrink-for-first-time-since-gfc.html

73 points · 7 comments · view on lemmy.world

7 Comments

myopic_menace@reddthat.com · 15 pts · 1y (1 reply)

"excluding the Covid period", this is purposeful sensationalism. Even the first paragraph of the article admits the title is misleading.

For real, why does the landmark event that defined the early few years of the decade not count, but the one time some rich fucks gambled on houses too much does?

Anyway we are probably a bit screwed though haha

FlyingSquid@lemmy.world · 13 pts · 1y

What, you mean people don't want to spend $1495 on an official "Wayne Enterprises" (as in Batman) skincare set anymore?

Yes, really.

https://brucewaynex.com/products/wayne-enterprises-exo-skincare-set

Breve@pawb.social · 2 pts · 1y

[ removed ]

underwire212@lemm.ee · 2 pts · 1y

🤯

RestrictedAccount@lemmy.world · 2 pts · 1y (2 replies)

This is because China is on the brink of a financial collapse.

If you’re not in China, this has nothing to do with you

chuckleslord@lemmy.world · 5 pts · 1y (1 reply)

Second largest economy is about to collapse. If you think this won't affect you, I've got some beach front property in Nebraska I think you'd love.

RestrictedAccount@lemmy.world · 1 pts · 1y

No doubt the China collapse will affect you. My point is that the reduction in luxury goods purchases has nothing to do with buying behavior outside of China.