The Prada store is shut down because of lockdown measures, at the Vittorio Emanuele shopping arcade in Milan, Italy, on Nov. 6, 2020. Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger, more diverse consumers buy into tiny handbag and post-streetwear trends, according to a new study by Bain consultancy released on Tuesday, Nov. 15, 2022. (Gian Mattia D’Alberto/LaPresse via AP, File)
Colleen Barry AP Business Writer MILAN (AP) — Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger,…
