Spring 2022 | U.S. Retail Report The Global Outlook of Luxury Retail Examining the global luxury sector and the trends behind consumers’ values and shopping patterns. Accelerating success.Contents ? Introduction ? About Global Luxury ? Global Trends and Demographics ? Retailer Case Studies ? Luxury and the Metaverse ? ConclusionIntroduction Anjee Solanki | National Director, Retail Services & Practice Groups Luxury is no longer exclusive to the super-rich as the luxury retail market moves into the U.S. mainstream. And as this democratization happens, the underlying meaning of luxury is changing across di?erent consumer segments. Whether it’s a pair of sunglasses, a belt, or a complete look, we all want a timeless, luxury piece to enjoy, hand down when needed, or recirculate for another person to enjoy. And customizing a piece takes the product to the next level. Let’s take a read into the trends and stats we are seeing in the global luxury market, from sales, to the fastest growth market, and new sales channels – the metaverse, and more.About Global Luxury Following the pandemic, luxury has bounced back quickly The global luxury fashion market fell 12.6% y