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Stock impact report

Luxury footwear brand files Chapter 11 bankruptcy as demand cools [Yahoo! Finance]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
That's backed up by data from Insight Trends World , which shows that luxury spending has slowed down. "Luxury consumers, especially those under 35, are becoming more price-sensitive and value-driven, seeking alternatives like resale and smaller luxury items. They are also demanding higher quality, greater ethical practices, and more creative designs from luxury brands, expressing concern over perceived declines in these areas," the report showed. Some of the key findings included: The luxury industry lost an estimated 50 million customers in 2024 77% of consumers believe luxury fashion items cost more than they did a year ago. 37% are shopping less , while 66% are waiting for discounts or sales Consumers say brands could regain appeal by lowering prices (52%) , improving sustainability and ethics (34%) , and enhancing product quality (33%) Together, the data point to a luxury market where higher prices are increasingly colliding with more cautious consumer behavior. Show less Read more
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