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TikTok creators driving luxury growth for younger consumers

TikTok is continuing to drive growth for luxury brands, especially with younger consumers and first-time buyers, through creator-generated content and peer validation, according to new data from the social media platform and research company AYTM. According to a study of more than 3,000 luxury consumers across the UK, US, France and Italy in May...

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Retail

Majority of US luxury shoppers to maintain spending levels this holiday season

Amidst economic instability and rising inflation, luxury consumers are set to maintain or increase their spending this holiday season, according to a new report from Saks. 75 percent of luxury shoppers plan to spend the same amount or more this holiday season compared to last year, reflecting a steady trend, as outlined in the Sakes Luxury Pulse...

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