Luxury brands have to adapt to new trends that redefine the essence of exclusivity and opulence. Innovation, sustainability and personalized experiences are key luxury retail trends for 2024.
Trending in 2024 will be more minimalist; design-led brands like Bottega Veneta, The Row, Toteme, and Our Legacy.
Industry trends will see consumer values evolving toward mindful consumption. They want meaningful stories with their products and again want quality of quantity.