Things Are Disappearing Because Millennials Just Don’t Want To Pay For Them Anymore
Leave the Gucci Bags to Models and Rappers
The fashion industry has seen significant changes in recent years as sales figures for expensive outfits and even handbags have dropped. Because of this, even brands with a rock-solid reputation like Michael Kors and Gucci have been selling most of their products at a discount because millennials seemingly don’t care about them anymore.
What’s even more concerning for these larger-than-life brands is that Gen Z does not have the extra capital to spend on lavish items like expensive handbags and footwear. According to industry expert Robin Lewis, this is an alarming situation for brands at the upper echelon of consumer sectors.
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