Millennial 'buy less, buy better' ethos changing the retail sector
Swetha Ramachandran of GAM Investments
In 2020, five people will enter the growing global middle class every second, reinforcing the secular, long-term appeal of discretionary consumer spending, and consequently, the luxury sector.
But alongside the wave of new consumers entering into the category, shifting demographics is imbuing younger consumers with new spending power across a broadening range of luxury categories. Consumer...
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