2025 . 04 . 21
The Scent of Luxury: How Inflation, Social Media, and Consumer Behavior Are Reshaping the Prestige Fragrance Industry
The Prestige Fragrance sector is challenged. Inflation has had a direct effect on fragrance pricing leading to the premiumization movement. Meanwhile Retailers may discount products to make them more affordable as social media hypes dupes and knock offs. At the same time the niche sector is growing. How to cope? An interesting argument.
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