The slowdown has left brands’ own stores, independent boutiques and e-commerce retailers stuffed with unsold stock. But luxury brands will never pile it high and sell it cheap because they are protective of their reputations for exclusivity. Luxury brands have spent the past few years diligently weeding out discounts. Today, 13% of all luxury goods by value are sold through them, according to Bain estimates. Write to Carol Ryan at carol.ryan@wsj.comView Full Image Luxury Stores Are Bursting With Unsold Stuff

Source: Wall Street Journal December 08, 2023 23:25 UTC