While there are some indications that housing competition is beginning to soften, new data from real estate brokerage Redfin shows that prices remain high.
After years of complacency, over-spending and lack of discipline, the luxury sector has had great incentives to rethink its business models during the past 18 months.
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For better or worse, scarcity and exclusivity are founding values of the luxury goods industry — values that have made most luxury brands extremely slow to adapt to digital world in which things are easily replicated.
