Fashion and luxury face $600 billion decline in sales
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://media.voguebusiness.com/photos/64480379cecf771965dad80c/16:9/w_1280,c_limit/US-OUTLOOK-APR23-VOGUEBUS_SOCIAL_NEWSLETTER.jpg)
US luxury sales are flatlining as the pandemic-era boom wears off
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://media.cnn.com/api/v1/images/stellar/prod/200407134521-j-crew-closed-store-0318-restricted.jpg?q=w_3000,h_2008,x_0,y_0,c_fill)
Millions of jobs are at risk as fashion and luxury sales fall off a cliff
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://i0.wp.com/news.northeastern.edu/wp-content/uploads/2021/11/black_friday_1400.jpg?ssl=1)
Why Has Luxury Spending Surged During the Pandemic?
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://media.fashionnetwork.com/cdn-cgi/image/fit=contain,width=1000,height=1000/m/b210/4351/297d/db98/b217/f11c/1f75/10ab/e951/1b93/1b93.jpg)
Luxury sector set to pay heavy Covid-19 price in 2020 with up to €100 billion sales shortfall
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://www.adlittle.com/sites/default/files/automotive_covid_figure_2.jpg)
Win the automotive COVID-19 rebound
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://www.euromonitor.com/contentassets/e843ec372aa64e17adb94208fb11e674/china-outbound-tourism-spending.png?width=533&height=498&quality=80)
Coronavirus Pandemic Continues to Challenge the Luxury Goods Industry
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://fingfx.thomsonreuters.com/gfx/mkt/qmyvmnagjpr/Ferrari%20vs%20premium%20autos%20and%20luxury%20rivals.png)
Ferrari slowed by coronavirus, but not driven off course
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://www.bain.com/contentassets/c966f0b41ff4479eb7e82e3aae7aa6d0/12fig-8634-luxury-digest-2020.gif?width=1440&height=0&mode=crop)
The Future of Luxury: Bouncing Back from Covid-19
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://cms.luxurysociety.com/media/images/2103_screen_shot_2020-05-14_at_104.2e16d0ba.fill-960x540_yWWOtg5.png)
Luxury Industry Set to Decline By 18 Percent This Year Due to COVID-19
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://i0.wp.com/news.northeastern.edu/wp-content/uploads/2022/01/prof-1-590x302.jpg?resize=590%2C302&ssl=1)
Why Has Luxury Spending Surged During the Pandemic?
![Coronavirus could cause a €40 billion decline in luxury sales in 2020](https://media.voguebusiness.com/photos/5e5010b87af45c000865fe2c/master/w_1600%2Cc_limit/9yEln-the-asian-market-is-now-fundamental-for-most-luxury-brands%2520(3).png)
Coronavirus could cause a €40 billion decline in luxury sales in 2020