🎙️Retailers have had to deal with customers being unsure and not sure what to do, which has made things mixed. And it seems like the luxury market has reached its peak. Things have slowed down since 2024, and it might get worse if luxury tourism spending goes down in 2025. We’ll also look at how retailers are adapting to these changes, including how they’re dealing with U.S. tariffs and trade policies.
🎙️In July 2025, EU consumer confidence took a nosedive, hitting -14.5. That’s a whopping 2 percentage points lower than the same period in 2024. It’s clear that market sentiment is taking a hit because of those pesky U.S. tariffs, even though there’s an outline agreement in place with both the UK and the EU.
🎙️Here’s the thing: higher tariffs on European exports are expected to slow down demand for European goods. And guess what? That could lead to fewer jobs or slower income growth. Talk about a bummer!
Credits: Colliers report
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