Must Read: How Income Inequality Will Affect Fashion in 2023, Luxury’s Après-Ski Takeover

Photo: Jessica McGowan/Getty Images How income inequality will affect fashion in 2023 Economic stress is impacting consumers differently depending on income levels when it comes to spending on fashion. Economists predict that lower-income households will feel the greater impact of economic turbulence and try to manage their finances accordingly. Many of these shoppers have been seeking discounts from their favorite stores or paying for products in installments. {Business of Fashion} The après-ski takeover in luxury As the market for ski jackets alone is projected to reach $2.26 billion in the next few years, many luxury brands are diving into the… Read Full Article