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It should be noted, nevertheless, that these declines generally accompany an General drop in a very brand’s success. The Independents are not only predicting the decline of luxury handbags but also that of luxury clothing.
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The practical experience overall economy is attaining great importance, with individuals prioritising cultural activities and Safe and sound investments around impulsive buys of luxury handbags.
Bottega Veneta, a Kering Group brand, is usually an exception. In the third quarter of 2024, the group pointed out in its report which the brand’s efficiency continued “to generally be pushed through the exceptional results of its leather products giving.” In 2024, this represented 79 % of its turnover.
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The reality is there are many alternate options to receive discounts on luxury products and solutions, both in multi-brand stores and online resale marketplaces. But these discounts are often not so satisfactory or use only to certain items for a particular time.
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