From store closures and geopolitical tensions to rising costs and supply chain disruptions, retailers seem to be facing a never-ending sea of challenges. And luxury hasn’t been exempt. Kearney’s 2026 global luxury industry outlook, however, shows signs of stabilization. While a spending pullback in China and sweeping C-suite changes across luxury brands have shaken the industry, “the global luxury market is stabilizing at a more measured pace,” per the report.The company predicts a growth of 2%–4% in 2026 that is likely “unevenly distributed across regions, categories, and client tiers.” Still, Katie Thomas, lead at Kearney Consumer Institute and co-author of the report, told Retail Brew she’s not “overly bullish,” as aspirational consumers continue to weigh whether to spend on luxury or trade down to mass-market brands. Keep reading here.—JS |