Jewelry sales outperform as U.S. spending for most luxury goods falters, Citi report finds

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Jewelry sales outperform as U.S. spending for most luxury goods falters, Citi report finds

cnbc.com/2025/07/01/jewelry-sales-outperform-us-luxury-spending-falters.html

Luxury retail was expected to stage a turnaround in 2025 after a promising fourth quarter marked by holiday shopping and post-election euphoria. Instead, U.S. credit card spending on luxury goods fell during the first five months of the year compared with the same period in 2024,…

This story appeared on cnbc.com, 2025-07-01 12:00:01.