There’s nothing like a little retail therapy after a long day — popping over to the mall, taking your mind off everything, and dropping a casual $26k on a Gucci crocodile handbag.
![Illustrations of signature handbags from linked luxury fashion brands Gucci, Yves Saint Laurent, Bottega Veneta, and Balenciaga. Each bag has a red downward arrow highlighted in its design, alongside its corresponding percent dip in sales.](https://20627419.fs1.hubspotusercontent-na1.net/hub/20627419/hubfs/The%20Hustle/Assets/Images/924850907-19-News-Brief_2023-10-30T000201.708Z.webp?width=595&height=400&name=924850907-19-News-Brief_2023-10-30T000201.708Z.webp)
If that habit isn’t feeling super sustainable to you, you’re not alone.The luxury goods industry, which boomed post-pandemic, is now looking more unsteady than a stilt walker wearing Manolo Blahniks.Which brands are mired in a slump?First, some snazzy names did bear good news this past quarter, though they were few and far between: