PARIS, FRANCE - JULY 15: Windows of the Ralph Lauren boutique in the 8th arrondissement of Paris, ... [+] decorated with Olympic US Team clothing, on July 15, 2024, in Paris France. (Photo by Artur Widak/NurPhoto via Getty Images) NurPhoto via Getty Images All eyes in the luxury market are fixed on the slowdown in China. With the notable exception of Hermès, most luxury brands are reporting declining sales there. However, cracks in the U.S. luxury market are beginning to show too. In their latest reporting, ...