Charms, sunglasses and scents: Can small luxuries carry the industry long-term?

This article is part of The Luxury Slowdown Survival Guide, a collection of articles that examines the recent industry downturn and the strategies brands may employ to come out of it unscathed.

A perfume, a new pair of sunglasses, a belt, a bag charm: these so-called “small luxuries” have swelled in importance to the luxury industry in the past year. The reason? They’re selling.

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