Travel slump could mean some luggage brands pack up for good

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The drop in travel due to the coronavirus pandemic, plus a steep pullback in consumer spending on discretionary items, sent luggage sales tumbling 80% in April, according to an NPD report released this week

New York As the pandemic brought global travel to a grinding halt, it also decimated demand for new luggage.

The effects are being felt across the board, from the world's largest travel luggage company, Samsonite International, to Away, a popular millennial direct-to-consumer luggage brand.The drop in travel, plus a steep pullback in consumer spending on discretionary items, sent luggage sales tumbling 80% in April, according to an NPD report released this week.

 

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Does that mean we can expect big sales in our future?

Interesting

So does that mean banks will have thousands of cars that no one can pay for including major dealer bank loans? Let’s here that story.

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