Saks' Shopper Survey Finds Consumers are Spending on Luxury

Saks, the luxury e-commerce platform, has unveiled its latest Saks Luxury Pulse survey of luxury shoppers with consumer insights on spending habits and lifestyle preferences. The survey found that higher income consumers are continuing to spend on luxury, including treating themselves with fashion and vacations. Additionally, more consumers are now prioritizing health and wellness and are complementing their lifestyles with luxury self care, fitness and home products.

“We continue to pay close attention to the evolving macro environment and the insights from the Saks Luxury Pulse reinforce our perspective on the luxury consumer,” said Marc Metrick, CEO, Saks. “The luxury customer remains highly engaged with fashion, and we are confident that our customers will continue to look to Saks when they want to elevate and refresh their everyday style.”

Saks chief merchandising officer Tracy Margolies added, “Saks is committed to providing an assortment that complements the luxury customer’s lifestyle. These valuable insights are one of the ways we listen to our customers to inform our assortment. While fashion remains at Saks’ core, we’ve found that our customer is embracing luxury across all aspects of their daily lives."