Behavioral REPORT

Luxury Report

After financial setbacks brought on by the pandemic, young consumers’ interest in luxury is ramping back up. But with price still a barrier to entry, Gen Z and Millennial shoppers want luxury brands to be more accessible—and more contemporary. In this report, we take a closer look at young consumers’ shopping priorities right now, their attitudes towards the luxury industry, and how they feel about luxury brands focusing on affordability and accessibility.

  • Gen Z and Millennials current interest in luxury, and how many are buying luxury now
  • How young consumers are planning to spend money this year compared to last
  • Young consumers' preference for accessibility and relatability—and how brands are responding

Report length: 14 pages

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BEHAVIORAL REPORT
Luxury Report
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