Stereotypes abound concerning the luxury fashion industry — some of them based on facts and others, less so. Ideas about the industry’s stability — the perception that those who previously bought luxury fashion products will continue to do so, seemingly impervious to larger economic trends — can be observed. As a heavyweight industry with deep pockets and a stable customer segment, it is known to be able to navigate tough waters and survive crises better than many other industries.
April 15, 2021