Retail
January 18, 2018
Affluent consumers commonly trade up and trade down their purchases. Image source Rolls-Royce
By Danny Parisi
NEW YORK – Many of the problems that caused luxury growth to stagnate over the last few years are challenges largely created by the business itself instead of outside forces, according to research from Boston Consulting Group.
{"ct":"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","iv":"b7146c8b650b0bbef5b49546658d2356","s":"40270e73b313858a"}
Share your thoughts. Click here